Which discretionary corporate benefits might be dropped because funds are limited and costs of these benefits continually increase?

Asked on by egordon6

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thanatassa | College Teacher | (Level 1) Distinguished Educator

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Many companies have already moved froim defined benefit to defined contributioin pensions. The next major cost saving with litlle overall effect on corporate productivity would be eliminaing outrageously hgh compensation and golden parachutes for executives. As there is no evidence that executive compensation correlates with company profitability, it can be reduced substantially without harm. Similarly,. extras like first calss and business class travel can be eliminated, entertainment funds, etc. On general benefits, I'd eliminate those which benefit only specific groups. Benefits that only apply to people with chilkdren seem fundamentally unfair anyway. A flexible benefit scheme inĀ  which people could select from a menu of options up to a certain cost would be more flexible and cheaper than giving everyone the same benefits.

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