Defined Benefit versus Defined Contribution Plans
Not what you're looking for?
Please help with the following problem:
I am researching both defined contributions plans and defined benefit plans, I can not find where one is more beneficial over the other for either employee or employer. They both have their advantages and disadvantages.
Purchase this Solution
Solution Summary
General overview of whether employees prefer defined benefit or defined contribution plans, and whether employers prefer defined benefit or defined contribution plans. The advantages and disadvantages of both are given. This solution is given in 321 words.
Solution Preview
While individual employees and employers might have different preferences from the norm, employers generally prefer defined contribution plans and employees generally preferred defined benefit plans.
Let's start with employers. Employers prefer defined contribution plans because it shifts market risk from them to the employees. Employers are only obligated to contribute the amount that is set by the plan for each employee. Once that amount is contributed, the employer bears no more risk. For ...
Purchase this Solution
Free BrainMass Quizzes
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.