What are the major disadvantages of a flexible benefits package?

• Heavy on the Pocket.
• Choice of Benefits is Limited.
• Requires Implementation Time and Training.
• Complicated to Administer.
• Requires Solid Communication.
• Legal Requirements need Keen Attention.

What are the disadvantages of having a flexible plan?

What is a major disadvantage of a flexible work force?

While this approach can offer several benefits, such as cost savings and increased efficiency, it also has some major disadvantages. One of the main disadvantages of a flexible workforce is that it can lead to the loss of some control over workers.

What are the disadvantages of flexible employee benefit plans Quizlet?

What are the disadvantages of flexible employee benefit plans? -They are subject to the nondiscrimination requirements in Section 125 of the Internal Revenue Code. -They increase administrative burdens and expenses.

What are the pros and cons of flexible schedules?

What are the benefits of a flexible benefit program?

Employees covered by flexible benefits plans may receive cash in place of benefits or deposit unused credits into reimbursement accounts (such as dependent care or flexible spending account). They also may purchase short-term disability coverage, deposit credits into a retirement plan, or buy and sell vacation days.

What are the disadvantages of being more flexible?

Over flexibility has a number of problems besides being a symptom of conditions like Marfan's Syndrome. One is that over-flexed joints can develop arthritis. Another is that you can easily develop tendinitis. An example is that an over-flexible person playing a sport can tear ligaments, etc.

What are the disadvantages of flexible production?

What are the three main problems with packaging?

Which two of the following are disadvantages of flexible budgets?

They are more time consuming than fixed budgets and they are based on a set of assumptions which may be over simplistic. Managers may not have time available to prepare flexible budgets to cover all possible scenarios. Therefore they will often make simplifying assumptions. They are useful for decision making as they ...

What are the benefits and drawbacks to a health care flexible spending account?

On the one hand, FSAs offer tax advantages and a way to streamline your healthcare budgeting. On the other hand, you risk forfeiting funds due to the use-it-or-lose-it rule, and your contributions and eligible expenses are limited.

What are the disadvantages of flexible materials?

What are the negatives of flexible working?

Another of the disadvantages is the need by employees to be disciplined about their working hours. There are many distractions when working from home, and ignoring these to maintain the focus on work can be challenging and is therefore very definitely one of the cons of flexible working.

Which of the following is a disadvantage of flexible scheduling strategies?

While flexible scheduling can offer numerous benefits, such as improved productivity, better employee retention, and a reduced carbon footprint, a significant disadvantage is that employees on traditional schedules may feel resentment towards those who have more flexible options.

Which of the following is a disadvantage of providing flexibility and benefit choice?

Although there are several advantages to offering flexible benefits plans, there are a few disadvantages to be aware of. The primary drawbacks pertain to time, resources, communication and cost.

What are the effects of flexible work arrangements?

The research results show that flexible working arrangements positively influence job satisfaction and work-life balance. Work stress does not have a moderating effect in the impact of flexible working arrangements on work-life balance. Work-personal life enhancement affect work stress.

What are the disadvantages of defined benefit pension plans for employees?

What are the disadvantages of a defined benefit plan? The plan disadvantages include higher fees, conservative investment growth, permanency rules and mandatory contributions. Employees may choose between a lump-sum payment or an annuity stream upon retirement.

What are the disadvantages of flexible staffing?

On the downside, flexible staffing may lead to job insecurity, lack of benefits, and potential isolation from being part of a traditional team environment.

What are the disadvantages of being too flexible?

Loose limbs and injuries

By repeatedly pushing past "normal" range, you're getting micro traumas, which can lead to more serious injury, such as joint dislocation, ligament strains and tears, or tendon inflammation.

What are the challenges of flexibility?