Which of the following is NOT a disadvantage of flexible benefit programs? Administrative burdens and expenses increase . Adverse selection of benefits by employees results in increase in costs.
What are the disadvantages of flexible employee benefit plans?
Employers can offer a variety of benefit options for employees to create customized flexible benefits plans. ... The disadvantages of offering a flex benefits package pertain to time, resources, communication and cost .
Which of the following is a disadvantage of the flexible benefit plan?
The major disadvantages of a flexible benefits package are: • Employees make bad choices and find themselves not covered for predictable emergencies . Administrative burdens and expenses increase. Adverse selection: Employees pick only benefits they will use; the subsequent high benefit utilization increases its cost.
Which of the following is a disadvantage of providing flexibility in benefit choice?
Which of the following is a disadvantage of providing flexibility in benefit choice? a. The flexible benefits plans do not cover higher-risk employees . ... There is a risk that employees may choose an inappropriate benefits package.
What are the disadvantages of flexibility?
- Flexible working often means working from home. ...
- Blurring the home / work balance. ...
- Procrastination. ...
- Communication difficulties. ...
- Flexible working requests can cause employee isolation. ...
- Reduced benefits. ...
- Possible lack of career progression. ...
- Being sidelined.
What is a flexible benefit allowance?
With a flexible benefits allowance, employees are allocated a set value which they can spend on employee benefits of their choice . Typically, employees can either use their allowance to cover the full cost of a benefit or range of benefits or they also have the option to contribute themselves.
What is a flexible benefit package?
A benefit program that offers employees a choice between various benefits including cash, life insurance, health insurance, vacations, retirement plans , and child care.
Are used to group individual jobs having approximately the same job worth?
Jobs that are found in many other organizations. ... Used to group individual jobs having approximately the same job worth. Market Line . Shows the relationship between job value as determined by job evaluation points and job value as determined by pay-survey rates.
Which of the following is an assumption of variable pay systems?
An assumption of variable pay systems is that some jobs contribute more to organizational success than do other jobs .
What is FBP in IBM?
Flexible Benefit Plan (FBP) This is valued at 120% of your Basic Salary. The FBP allows employees to choose a benefit basket that suits their needs. For certain elements, employees may avail of tax exemptions as per prevailing tax laws.
Which is true of the Older Workers Benefit Protection Act?
Which is true of the Older Workers Benefit Protection Act? It allows employers to provide lower benefits for older workers as long as the costs to provide those benefits are the same as the costs to provide benefits for younger workers. the age range of the most preferred employees, 25 to 35.
What is Cobra USA?
The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a health insurance program that allows eligible employees and their dependents the continued benefits of health insurance coverage when an employee loses their job or experiences a reduction of work hours.
Which of the following is a benefit that employers must provide?
This article outlines what benefits employers are legally required to provide. Vacation, health insurance, long-term disability coverage, tuition reimbursement, and retirement savings plans are just a few of the many benefits employers may offer employees.
What are the advantages and disadvantages of flexible stage?
| Proscenium Flexible | Advantages Can accommodate large houses Creates a distinct world of the play Allows creative freedom | Disadvantages Audience can feel removed It becomes necessary to “cheat things out “ Generally will not accommodate a large house |
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What is the advantage of flexible?
Stretching your body to become more supple and flexible offers many physical benefits. Such training allows for easier and deeper movements while building strength and stability. Stretching your muscles and joints also leads to greater range of motion, improved balance, and increased flexibility.
What is a disadvantage of flexible working?
Some of the practical disadvantages of flexible work arrangements can include: Isolation for people who work from home . Issues regarding trust and supervision . Fairness for all staff and feelings of jealousy when some staff feel they have to work regular hours while others get to work “whenever they want”
