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Flexible Benefits Plan
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The employees of today’s workforce are divers. With such a workforce at hand, an employer must have a flexible benefit plan to match the composition of its employees. Flexible benefit plans are a written plan under which employees of a company are allowed to choose two or more benefits consisting of cash and qualified benefits (Everett & Mille ....
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....ose benefits used, if the organization is not required to provide the same service to each employee (Webster, 1996).
Employee benefit plans have had a long history, and can be traced back to 1794, when the first profit-sharing plan was created by Albert Gallatin in his glassworks in Pennsylvania (Kleiner & Sparks, 1994). Another notable benefit pl.... |
| Word count: 1188 |
Page count: 5 |
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