LO5 - Flexible Benefits &Emerging Employee Assist Programs

• Traditional benefit plans were “one size fits all”​


  • E.g., pension and maternity benefits were given to all employees
• Flexible benefits programs 


  allow employees to select benefits and services to match their needs, cafeteria style
• Flexible Benefits


  Workers are provided a benefit and services account with a specified number of dollars in the account. 
• Flexible Benefits

  Additional administrative cost, but increased employee participation
• Emerging services & trends

  • Health spending account
  • Buy more vacation
  • Wellness accounts
  • Concierge services
  • Paid leaves (e.g. education)
  • Child & elder care
  • Same-sex benefits
  • Benefits for part-time