Question

Respond to the following statement: “Flexible benefits plans are more trouble than they are worth.” Do you agree or disagree with this statement? Explain your rationale conduct research to support your findings, citing at least one resource.

Answer 1

Answer: No, I didn't agree on Flexible benefits plan that saying Flexible benefits plans are more trouble than they are worth.

Flexible benefits plans: Flexible benefit plans, or flex plans, come in a variety of options, which allow the employee to have more control over their plan and, in turn, control their lives in a better way. As these plans to allow employees to have greater control.

- Meeting the needs of employees is becoming one of the most important aspects of both small and large businesses. Understanding that every employee is different and have different needs, using a benefits plan that blankets all employees may not be as effective as it used to be. Knowing that all employees are different has led to a lot of employers moving towards a flexible benefits plan.

- Making changes to a benefits plan is difficult enough for a business, in terms of time and money, but it also needs to be accepted by the employees. Employees need to have an understanding of why the plan is changing and how it will affect them. Businesses that take the time to explain the benefits to their employees will see a great acceptance rate for their plan, but those who simply implement the change without communicating why may face some backlash from their employees. If the employees do not embrace the changes to their plan, the advantages mentioned above will not be seen by businesses.

- Flex plans give control to the employee that allows them to meet their own needs or their family needs. For example, one employee may be single and not benefit from a family health plan but another employee may benefit greatly from a strong family plan. The first employee would be given the option of choosing a family plan and would likely avoid it, saving them money. A traditional benefits plan does not allow for this type of choice, leading to most employees paying for a great amount more than they need.