Flexible Benefits Plan

A Flexible Benefits Plan is a work benefit program that allows employees to choose from a variety of options to customize their benefits package. Instead of receiving a fixed set of perks, employees can select benefits such as health insurance, retirement contributions, or wellness programs that best suit their personal needs. This flexibility helps employees get more value and satisfaction from their benefits, and often helps employers attract and retain talented staff by offering tailored packages. Essentially, it’s a customizable approach to employee benefits designed to meet individual preferences and improve overall well-being.