Employee benefits can be rated in terms of Frequency and Instance Cost. The frequency of a benefit is the average number of times a single employee would be expected to receive the benefit over the span of a 20-year career with the company. Instance cost is the average cost incurred by the employer to provide the benefit to a single employee at the moment it is delivered. The frequency/ cost ratio (F/C ratio) is computed by dividing the frequency by the instance cost.
A business is considering various benefits to attract and retain employees. From the following benefits, select the benefit with the highest F/C ratio and select the benefit with the lowest F/C ratio. Make only two selections, one in each column.