Which of the following is an example of a non-monetary benefit?

Prepare for the CPFO Compensation and Benefits Exam. Study with multiple choice questions, each offering hints and explanations. Ace your exam with confidence!

Flexible work arrangements are indeed an example of a non-monetary benefit. These arrangements can include options such as remote work, flexible hours, or compressed workweeks, and they provide employees with a better work-life balance, increased job satisfaction, and improved productivity without involving direct monetary compensation.

Such benefits recognize that employees value flexibility and autonomy in their work environments. Rather than providing cash or bonuses, flexible work arrangements cater to the diverse needs of employees, promoting a culture of trust and adaptability within the organization. This approach can lead to increased employee retention and engagement, reflecting the growing trend of prioritizing work-life balance in the modern workplace.

In contrast, stock options, annual bonuses, and tuition reimbursement all have direct monetary or financial implications associated with them, making them examples of monetary benefits.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy