Which of the following statements is true regarding flexible benefits?
A) Gainsharing and profit-sharing plans are two major types of flexible benefits.
B) Flexible benefits are awarded through uniform packages to cover the requirements of a married couple with two children.
C) Flexible benefits can be altered to meet employee needs based on age, marital status, and number and age of dependents.
D) Flexible benefits are given based on an employee's skills, competence, and productivity.
E) Flexible benefits are in accordance with the belief that employees have identical needs that must be rewarded identically.

Question

Quizplus · Accepted Answer

Flexible benefits can be customized to meet the needs of individual employees based on factors such as age, marital status, and number and age of dependents. This allows for a more personalized approach to employee benefits, which can increase employee satisfaction and retention. Option A is incorrect because gainsharing and profit-sharing plans are not types of flexible benefits. Option B is incorrect because flexible benefits are not awarded through uniform packages. Option D is incorrect because flexible benefits are not given based on an employee's skills, competence, and productivity. Option E is incorrect because flexible benefits are based on the belief that employees have different needs that must be rewarded in different ways.

Which of the Following Statements Is True Regarding Flexible Benefits