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Factors when developing a benefits plan for employees.

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What factors should an organization consider in developing a benefits plan for its employees?

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Solution Summary

This solution discusses the factors an organization should consider when developing a benefits plan for its employees.

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An organization needs to consider several different factors when developing a benefits plan for employees. The primary consideration should be the needs of the highest percentage of the employee base. For example, if the employees are made up of mostly workers that have families, benefits on family medical care and dependent care should be a focus. If the employee population is made up of veterans, indicating that the average age of the employees is older than an employee base made up of workers with young children, the benefits package should focus on providing care benefits that include long-term ...

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