Question

Signork, an accounting firm, offers benefits such as higher education sponsorships, annual fixed bonuses, commissions, pension plans, and term insurance plans to its employees. The employees are given a set amount to spend and allowed to choose any of the benefits within that set amount. In this scenario, which of the following does Signork offer to its employees?

A. Target-based benefits
B. Defined benefits
C. Variable benefits
D. Cafeteria-style benefits

Answer 1

Answer: Option D

Explanation: In simple words, A benefit plan in the cafeteria style may be the ideal way to get there. A custom choice method is a program for employee benefits that allows the employees to choose from a range of packages to build a package of benefits that best suits their needs and those of their families.

In the given case , Signork is also providing options for various benefits that the employees can choose from as per their own discretion.

Hence we can conclude that the given case depicts target based benefits.