In: Operations Management
Your organization currently offers health insurance, dental insurance, life insurance, a 401(k) retirement program, and paid vacation. Due to budget cuts, the company must cut one program in total. Which program would you cut, and why?
Answer: I feel that dental insurance is the program that the organization needs to cut. This is mainly because it is not only expensive but the employees also not value it much when compared to the health insurance, life insurance and retirement plan. By offering the dental plan which is also not mandatory in regulations, the company is making unnecessary expense. By cutting this program, the company will save money without having any negative impact on the employee motivation.