Please enable JavaScript.
Coggle requires JavaScript to display documents.
Flexible Benefits (examples of flexible benefits (Discounted products,…
Flexible Benefits
-
-
-
Disadvantages
-
Selection of frequently used benefits (Employees may select benefits that may not be the best for them)
Definition
Flexible benefit schemes are formalised systems that allow employees to vary their pay and/or benefits package in order to satisfy their personal requirements.
Objective
The objective of a flexible benefits plan is to meet the diverse needs to employees. These needs depend on the phase of the life of the employees.