Your workforce is diverse in terms of their needs for benefits.Jim is married with two children and his wife is at home full-time.Janet is single and supports her widowed mother.Bob is married and his wife has a high-paying job.You decide that you want to devise a benefits program that is tailored to their individual needs. The best choice available is probably:
A)traditional benefit programs
B)letting staff purchase their own benefits
C)a flexible benefit program
D)an ESOP

Question

Quizplus · Accepted Answer

A flexible benefit program allows employees to choose the benefits that meet their individual needs. This would best accommodate the diverse needs of the employees described in the scenario. Jim, with a larger family, may opt for more comprehensive health care coverage, while Janet may prioritize life insurance to support her mother. Bob may choose to opt-out of certain benefits since his wife already has coverage through her job. A flexible benefit program allows each employee to personalize their benefits plan.

Your Workforce Is Diverse in Terms of Their Needs for Benefits.Jim