Why are more companies providing employee benefits? Choose 2 answers.(1 Point)To receive federal business grantsTo reduce spending costsTo reduce worker turnoverTo use as a tax deduction
Question
Why are more companies providing employee benefits? Choose 2 answers.(1 Point)To receive federal business grantsTo reduce spending costsTo reduce worker turnoverTo use as a tax deduction
Solution
The two main reasons why more companies are providing employee benefits are:
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To reduce worker turnover: When companies provide benefits, employees are more likely to stay with the company. This reduces the costs associated with hiring and training new employees.
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To use as a tax deduction: Many employee benefits can be written off as business expenses, which can help to reduce a company's tax liability.
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