Employee compensation is provided in various types of benefits: these could include wages, health insurance, pension,...

Employee compensation is provided in various types of benefits: these could include wages, health insurance, pension, and vacation (to name a few). What term describes equalizing benefits; in other words when a benefit is added or benefits increase typically wages will decrease as the total compensation stays equal.

Competitive Benefits

Employer-Sponsored Benefits

Differential Premiums

Compensating Differentials

Expert Solution

Competitive Benefits

When an Organization offer competitive benefits, it has to also ensure that the benefits do not surpass the overall compensation package designed for each of the employees and hence Competitive benefits in various forms are offered under equalizing benefits as per the Industry standards.

keosha answered 1 year ago

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