Compensation surveys indicate that a majority of employees are unable to accurately name the benefits they receive, and employees vastly underestimate the cost of benefits paid by their employers. This exercise will help you more fully understand the benefits discussed in this chapter. Additionally, you will explore, in detail, the benefits and services offered by your employer and other employers in your area. Assignment Working in teams of four to six, obtain information on the benefits package offered by your employer or other employers in your area. Once the information is gathered, be able to identify

(1) each benefit offered, 

(2) what the benefit provides the employee,

 (3) employee eligibility (if required), and 

(4) how the benefit is paid for (employer, employee, or a combination of both). 

Compare benefit packages. Be prepared to discuss your findings with the class.