Flexible-Benefits Plan - HR Glossary

HR Glossary - Flexible-Benefits Plan - Hireforce
HR Glossary - Flexible-Benefits Plan - Hireforce

A Flexible-perks Plan, often known as a cafeteria plan or a flexible spending arrangement, is an employee benefit program that allows employees to select from a wide range of perks to meet their specific needs.

Example

A Flexible-Benefits Plan is one in which employees can choose to devote a percentage of their income to health insurance, retirement savings, or other benefits.

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