Final answer:
Cafeteria-style benefits plans offered by organizations include various forms of employee insurance, retirement plans, and other benefits such as Medicare. These plans are part of an organization's total compensation per hour.
Step-by-step explanation:
Cafeteria-style benefits plans offered by organizations include various forms of employee insurance, retirement plans, employer payments to Social Security, and other benefits such as Medicare. These plans are part of an organization's total compensation per hour, providing additional support and security to employees.
For example, employee insurance, mainly health insurance, is an important benefit that organizations offer to help cover medical expenses. Retirement plans, such as pensions or defined contribution plans like 401(k)s, aim to support employees' financial well-being in their post-employment years.
Overall, cafeteria-style benefits plans provide a comprehensive package of benefits that organizations offer to attract and retain employees, enhance job satisfaction, and promote employee well-being.