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Flexible Benefit Plans
Benefits programs that allow employees to choose from a range of options to create a package that best suits their needs and lifestyle.
Benefit Costs
The expenses borne by employers for the non-wage compensations provided to employees, such as health insurance, pensions, and paid leave.
Entitlement Approach
A method in economic policy or welfare economics where benefits are distributed based on set criteria, often used to ensure that basic needs are met.
Effective Benefit System
A well-designed set of employee benefits that support the wellbeing of employees and contribute to job satisfaction and retention.
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