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What are the advantages and disadvantages of a cafeteria plan?
Advantages of Cafeteria plans (Flexible Benefit Plans)Employees choose benefits to meet their needs, and value these benefits more highly.Employers and employees share the responsibility for providing benefits.During periods of change (including merger and acquisitions), flexible benefits help to harmonise rewards.Employers provide benefits at a known cost that is fixed regardless of the choices that employees make., so allowing them to cap future benefit costs.Employees have a true idea of the full worth of the benefits package they receive and employers do not provide benefits that are not valued.Employees are given a sense of control and involvement by having a choice.Dual career couples avoid having benefits duplicated by their respective employers.Employers are seen to be more responsive to the needs of an increasingly diverse, demanding and ageing workforce.A competitive benefits package is valuable in attracting and retaining key personnel.The awarding of benefits such as company cars becomes less divisive.Employers' demands for flexible working practices are more justifiable if employees enjoy flexible benefits.Helps to align the total reward strategy to the HR and business strategies.Disadvantages of Cafeteria Plan (Flexible Benefits Plans)Employers find them complex and expensive to set up and maintain (although new technology is reducing both the cost and administrative burden).The choices made may cause problems both to employers and employees
Why is the demand for housing is more flexible than the supply?
people can move more easily than producers can build new homes
What are fixed and flexible budgets?
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What is economy semi flexible?
For some airlines, tickets are classified by their flexibility. Semi-flexible tickets are equivalent to airlines' semi-refundable. An economy ticket is non-refundable. Flexible tickets are fully refundable.
If the supply of a good is elastic what statement is true?
If the supply of a good is elastic, it means that producers can respond quickly to changes in price. Specifically, a small increase in price will lead to a proportionally larger increase in the quantity supplied. This typically occurs in markets where production can be easily scaled up or down, such as in industries with readily available resources or flexible manufacturing processes. Consequently, elastic supply indicates that suppliers are highly responsive to market conditions.
What are the benefits to flexible mortgages?
There are many benefits of a flexible mortgage. If you have a flexible mortgage you can pay more than the amount due and less than the amount due. It gives you the power with your mortgage payments as well.
What physical benefits can be gained wrestling?
The benefits you get from Wrestling are you get an amazing body and you because really flexible.
What does the term flexible benefits mean?
In the UK, Flexible Benefits are a way to let employees change their pay and benefits package to suit their individual needs.They can select from a range of benefits paid for by the company, choose salary sacrifice options or take cash. Instead of providing a bog standard benefits package every year, a flexible scheme can respond more to your employees' changing lives.See the related link for further information.
Where does one learn more about the benefits of having a flexible spending account?
You can find out about the benefits of having a flexible spending account anywhere on the Internet. You can get good information on FinancialPlan. They tell you all the things about saving and budgeting.
How can I access my flexible spending account?
To access your flexible spending account, you can typically log in to your account online through your employer's benefits portal. You can also use a mobile app or contact your benefits administrator for assistance.
What are some benefits being a pediatrician?
Benefits of being a pediatrician include helping children, flexible career options and a high salary.
What are the main benefits of asphalt?
it is flexible, very easy to repair and replace, cheap and fast.
What are the benefits of youth pro sports?
Help you to become more flexible, better thinking..
What are the benefits of a flexible mortgage?
Some of the benefits that come with a flexible mortgage include being able to overpay your payments in order to cut down some interest. Also, you have the ability to underpay in certain situations that you might not have the right amount to pay.
What are the benefits of using a flexible duct for a range hood installation?
Using a flexible duct for a range hood installation offers benefits such as easier installation in tight spaces, flexibility to navigate obstacles, and reduced noise transmission compared to rigid ducts.
What are the benefits of sky entertainment?
"The benefits of sky entertainment are a Pension plan, a sharesave plan, Healthcare plan, Sky benefits package, flexible working plans and Sky Entertainment roles."
Is there any tax benefits on lasik surgery cost?
You can recieve a tax benefit if you are enrolled in a tax free flexible accoumt. This will allow you to have the surgery and the benefits.
