Final answer:
True, benefits that employees receive from a company include indirect financial and nonfinancial rewards, such as supplemental pay, various forms of insurance, health benefits, as well as retirement and savings plans. Pension insurance and government aids like Social Security also constitute part of employee benefits. These benefits are crucial for employee wellbeing and can improve productivity.
Step-by-step explanation:
The statement that benefits are the indirect financial and nonfinancial payments employees receive for continuing their employment with a company can be deemed true. Employee benefits include several key components such as supplemental pay, a variety of insurance options, health benefits, and different types of retirement and savings plans, as well as legally required contributions.
Some examples of these benefits are employer payments towards Social Security, unemployment and worker’s compensation insurance, and Medicare. In addition, profits and earnings distributed among employees can lead to improved productivity as the employees directly benefit from the success of the business. Moreover, collective bargaining rights and safer working conditions contribute to the overall benefits package, with such advantages often extending to all employees irrespective of their membership in specific groups.
Pension insurance is another significant aspect where employers contribute to the Pension Benefit Guarantee Corporation to safeguard a minimum pension benefit for workers in case of the company's bankruptcy. Finally, the government indirectly participates in employee benefits through avenues like Social Security, veterans' benefits, and unemployment compensation.