Discuss the pros and cons of flexible versus fixed benefits plans.

Flexible benefits plans are considered a better fit for more diverse work forces,provide more value to employees for the benefits dollars,allow employees more choice in their indirect pay package,and may help to contain escalating benefits costs.However,flexible plans are more complex to administer,may lose economies of scale,and may be more confusing to employees.Fixed benefits plans are less complex to administer,have economies of scale in purchase of benefits,and are simpler to understand.However,fixed benefits systems tend to escalate in cost and do not adjust to the specific needs of employees.