Many people choose one job over another based on the differences between the benefits offered by each company they are considering as potential employers.
So, if an employer changes the employee benefit package ( 401K, health care, etc.) in any way that is detrimental to the employees financial welfare they do not like it.
Sometimes the benefits for certain employees can get out of controI.
I think most people would agree that many company CEO's, CFO's, etc. receive compensation that is far above what they deserve.
How can a CEO expect a bonus of $10,000,000.00 when his company is in financial trouble?
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Many people choose one job over another based on the differences between the benefits offered by each company they are considering as potential employers.
So, if an employer changes the employee benefit package ( 401K, health care, etc.) in any way that is detrimental to the employees financial welfare they do not like it.
Sometimes the benefits for certain employees can get out of controI.
I think most people would agree that many company CEO's, CFO's, etc. receive compensation that is far above what they deserve.
How can a CEO expect a bonus of $10,000,000.00 when his company is in financial trouble?