One of the Disadvantages of Flexible Benefit Plans Is the Difficultly

question 34

True/False

One of the disadvantages of flexible benefit plans is the difficultly to accurately predict the number of employees that might choose each benefit.Such uncertainty may affect the firm's group rates for life and medical insurance,because the costs of such programs are based on the number of employees covered.

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Definitions:

Carpal Tunnel Syndrome

A medical condition caused by the compression of the median nerve as it passes through the wrist, often linked to repetitive motion or strain.

Job Rotation

A method of employee development where individuals are moved through a series of jobs to increase their breadth of understanding of the business and to enhance their skills.

Assembly Line

A production method where a product is put together in a sequence from workstation to workstation at a fast pace.

Participatively Set

Designed or established with the involvement or cooperation of all members of the group or organization.