Individualized benefit plans allowed by some employers, in order to accommodate employee preferences for benefits, are known as

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Flexible benefits programs are individualized benefit plans that allow employees to customize their benefits to fit their personal preferences and needs. These plans usually involve giving employees a set amount of money to use towards selecting the benefits they want, such as health insurance, retirement plans, and wellness programs, among others. This approach allows employees to choose the benefits that best fit their individual circumstances, making them more satisfied with their benefits and potentially reducing turnover.

Individualized Benefit Plans Allowed by Some Employers, in Order to Accommodate