In ____________,the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her.

Question

In ____________,the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her. ​

Quizplus · Accepted Answer

In cafeteria plans, employees are allotted a certain amount of money to be spent on benefits as per their preferences. It allows employees to choose from a range of benefit options such as health insurance, retirement plans, flexible spending accounts, etc. This can help employers save costs while giving employees the freedom to customize their benefits package.

In ____________,The Employer Allocates a Certain Amount of Money to Each