Flexible benefit schemes are formalized systems that allow employees to vary their pay and/or benefits package in order to satisfy their personal requirements. With flexible benefit schemes, employees have the choice to retain their existing salary and simply vary the levels of benefits within their allowance, or adjust their salary by taking fewer/more benefits depending on the offer. They are not the same as voluntary benefit schemes where employees pay for extra benefits.
More from the Web
Improve this page
Please let us know if you see an error or omission on this page.Provide Feedback