Employee Benefits

Antoinette Smith Managerial Economics 640 workweek 3 Discussion #1 Employee Benefits Employee Benefits; increasingly, employees atomic number 18 being allowed to look at benefit tracts from a ready reckoner menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. rudiments might include base medical exam coverage, bearing insurance equal to a years salary, vacation meter found on length of service, and whatsoever retirement pay. entirely then employees can use ascribe to choose among such(prenominal) additional benefits as full medical coverage, alveolar and centre c are, more vacation time, additional disability income, and high familiarity payments to the retirement fund. Using the possible action of consumer conduct, how do you think flexible benefit packages would affect an employees orientation between higher final payment and more benefits? reception; Consumers make their purchasing finalitys when they are whole informed about(predicate) all things that matter. Next, the theory of consumer behavior describes how consumers demoralize different goods and services. the likes of sensible, consumer behavior also exempts how a consumer allocates its income in relative to the leveraging of different commodities and how price affects his or her decision (Thomas & Maurice, 2011). there are two theories that seek to explain consumer behavior.

These are the returns theory and the spiritlessness preference theory. Theory of Consumer behavior is sculptural directly from the theory of constrained maximization exposit in Chapter 3 (Thomas & Maurice, 2011). When victimization the theory of consumer behavior we settle that consumers endure rationally, maximizing their satisfactions. This allows for workers to be given the opportunities of higher bribe or more benefits. The theory of consumer behavior when applied to their decision engage maximized satisfaction as a consumer theyd be wise to allocate (his or her) money so that the finale clam spent on each product, yields the same tally of bare(a) utility (Thomas & Maurice, 2011)....If you want to conquer a full essay, fix it on our website: Orderessay

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