Asked by Austin isaacs on Jun 29, 2024
Verified
Susie Jones has definite preferences in terms of the benefits offered by her employer. Susie will be able to select the benefits she values highly and avoid those she does not need or want if her employer offers which benefit format?
A) an employee selection plan
B) a flexible benefits plan
C) a benefit pool
D) a modified benefits system
Flexible Benefits Plan
A benefits plan that allows employees to choose from a variety of pre-tax benefit options based on their specific needs, such as healthcare, retirement savings, and childcare.
Benefit Format
The structure or manner in which employee benefits are organized, offered, and communicated within an organization.
- Grasp the managerial and methodical considerations necessary for establishing and deploying employee advantages initiatives.
Verified Answer
LI
LMFAO InsideJul 05, 2024
Final Answer :
B
Explanation :
A flexible benefits plan allows employees like Susie to select from a range of benefits options to tailor their benefits package to their personal needs and preferences, thus enabling her to choose the benefits she values most and avoid those she does not need or want.
Learning Objectives
- Grasp the managerial and methodical considerations necessary for establishing and deploying employee advantages initiatives.