Business benefit

1. Distinguish between legally required and discretionary benefits. Discuss different types of benefits based on their purpose.

2. You are designing a compensation and benefits program for an age-diverse workforce. Your company employs Baby Boomers, Gen Xers, and Millennials. What types of benefits will your company offer to attract and retain these talented employees? Include at least one benefit that will appeal to each of the generations and explain your rationale

Solution Preview

Legally required benefits are benefits that employers are typically expected to participate in and contribute towards (Woodbury, 1983). These benefits are Workers compensation, which provides financial assistance to employees wounded on the job. Social security: a system of retirement,

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