Question

Puffer Consultants, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to advance in their careers. Which benefit would especially appeal to this type of employee?
A.a 529 savings plan

B.a defined-benefit pension plan

C.a generous vacation policy

D.a health maintenance organization

E.tuition reimbursement

Answer 1

Answer:

E. Tuition reimbursement.

Explanation:

Sometimes, an arrangement exist between an employer and an employee where the employer consent to sponsor the education of the employee. The purpose of offering this is to promote employee loyalty and also to give the needed training to an employee for better performance.

Organizations offer benefits to their employee by offering to pay part of their school fees for those who wish to further their education. This is done for employees who are loyal, hardworking and highly ambitious. By so doing, an employee becomes loyal and consequently be retained by the organization.

Example of tuition reimbursement is payment of bursary to employees by organizations to further their career. Certain percentage of this payment will be made while the employee pays the balance.