Asked by Kaleb Hulsey on Jul 23, 2024
Verified
The declining cost of health care benefits provides Canadian organizations opportunities to reduce employee benefit costs.
Declining Cost
A situation where costs decrease over time, often due to increased efficiency, economies of scale, or technological advancements.
Health Care Benefits
A range of medical services and support provided to employees or members of an organization, including insurance, wellness programs, and access to medical care.
- Understand the financial aspects of employee benefits, including contributions, costs, and containment strategies.
Verified Answer
BR
BINOY RAJESHJul 26, 2024
Final Answer :
False
Explanation :
The cost of health care benefits in Canada has generally been rising, not declining, which challenges organizations in managing and reducing employee benefit costs.
Learning Objectives
- Understand the financial aspects of employee benefits, including contributions, costs, and containment strategies.
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