Asked by Sandy Babbie on May 14, 2024
Verified
When Jack Kilgore looked at his many job offers (he had an MBA from the University of Queensland and an engineering degree from RMIT) , he looked at base pay and fringe benefits as the most important variables in choosing a company. This demonstrates that:
A) Jack is probably an especially greedy person.
B) bonus plans are ineffective as compensation.
C) Jack's motives are unusual.
D) engineers are more materially oriented than others.
E) pay and benefits are important in attracting and retaining highly qualified workers.
Base Pay
The initial salary paid to an employee, not including bonuses, benefits, or other compensation.
Fringe Benefits
Additional compensation provided to employees beyond their normal wages or salaries, which might include health insurance, pensions, or paid time off.
Highly Qualified Workers
Employees who possess advanced education, specialized skills, and/or extensive experience relevant to their jobs, making them exceptionally proficient in their roles.
- Analyze the impact of compensation and benefits in attracting and retaining employees.
Verified Answer
Learning Objectives
- Analyze the impact of compensation and benefits in attracting and retaining employees.
Related questions
What Is an Advantage of Providing Benefits Instead of Cash ...
Many Employers Provide Unneeded and Unwanted Types of Medical Benefits ...
Canada Has Experienced a Growth in the Proportion of Part-Time ...
The Collective Bargaining Agreement Between ACME Inc ...
James Callaghan Has Worked Full-Time for BC Metals for Four ...