Justin is a human resource manager at an advertising firm. Justin proposes that the company adopt defined-benefit plans to attract and retain employees. In which situation will this benefit be most valuable to the firm's employees?

A) if all the employees are under the age of 30
B) if the nature of work demands college graduates
C) if the firm employs experienced, older people
D) if the firm employs young and creative minds
E) if the firm mainly employs freelancers

Defined-Benefit Plans

Defined-benefit plans are retirement plans where an employer promises a specified monthly benefit upon retirement, which is calculated based on factors like salary history and duration of employment.

Freelancers

Independent professionals who offer their skills and services on a project or contract basis instead of being employed by a single company.

College Graduates

Individuals who have successfully completed a degree program at a college or university, achieving a level of higher education qualification.