Which of the following statements is true regarding flexible benefits?
A)Flexible benefits are awarded through uniform packages to cover the requirements of a married couple with two children.
B)Flexible benefits are in accordance with the belief that employees have identical needs that must be rewarded identically.
C)Gainsharing and profit-sharing plans are two major types of flexible benefits.
D)Flexible benefits can be altered to meet employee needs based on age, marital status, and number and age of dependents.
E)Flexible benefits are given based on an employee's skills, competence, and productivity.

Question

Quizplus · Accepted Answer

D)Flexible benefits individualize rewards by allowing each employee to choose the compensation package that best satisfies his or her current needs and situation.Flexible benefits can accommodate differences in employee needs based on age, marital status, spouse's benefit status, and number and age of dependents.

Which of the Following Statements Is True Regarding Flexible Benefits