When employees sign up for benefits through their employer, there sometimes what they call cafeteria benefit plans. The phrase is used to describe flexible employee benefits. Flexible benefits mean that employees can pick and choose their benefits into a custom plan, much like choosing items in a cafeteria line. Many companies have begun to offer this option to employees, or at the very least, offer multiple tiers in terms of coverage.
Over the years, flexible benefits platforms have become increasingly popular among companies due to their effectiveness. In order to be able to stay equal or above their competition, companies often need to incorporate a flexible benefits platform into their business. But just exactly what is a flexible benefits platform and what does it provide for a company?
Here is an overview of flexible benefits platforms.
Human Resource departments are an important part of any business or company. It is the role of the Human Resources department to recruit, interview, and staff the company with the best employees possible. They are also tasked with keeping track of employee records, payroll and managing employee benefits. In many ways, Human Resources is the backbone of a company that helps keep it running smoothly by its many functions, through coordinating departments and with keeping employees satisfied with their jobs.