Most employees prefer choice in their benefits plans. In one survey of working couples, 83% took advantage of flexible hours (when available); 69% took advantage of the flexiblestyle benefits; 75% said that prefer flexible benefits plans.
THE CAFETERIA APPROACH
One way to provide a choice is with an aptly named cafeteria benefits plan. Pay specialists use flexible benefits plan and cafeteria benefits plan synonymously. A cafeteria plan is one in which the employer give each employee a benefits fund budget, and lets the person spend it on the benefits he or she prefers, subject to two constraints.
BENEFITS AND EMPLOYEE LEASING
FLEXIBLE WORK SCHEDULES
taken from HUMAN RESOURCE MANAGEMENT TWELFTH EDITION