Cost-benefit Analysis

Definition of "Cost-benefit analysis"

Colleen Rosenbaum real estate agent
Colleen Rosenbaum, Real Estate Agent Keller Williams Vero Beach

Comparison of the cost of a solution and the economic benefits that would accrue if the solution is put into effect. This analysis is a prerequisite to the installation of an employee benefit plan. Questions to be answered include: will the cost result in greater loyalty of employees? will the cost result in greater productivity; and will the benefits encourage employees to participate in their cost?

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