In a global benefits strategy, which of the following accurately describes statutory and nonstatutory benefits?
Statutory benefits are optional and based on employee choice, while nonstatutory benefits are mandatory by law
Statutory benefits are required by local laws, while nonstatutory benefits are provided at the company’s discretion
Both statutory and nonstatutory benefits are universally standardized across countries
Nonstatutory benefits are mandated by host-country governments
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