FLEXIBLE BENEFITS PAY
Flexi Benefit Pay
Flexi Benefit Pay (FBP) is a kind of salary structure that allows employees to customize their benefits package by selecting from a menu of options. Employees get to choose the benefits that are most important to them and their families. It also helps them save money on taxes.
Benefits of Flexi Benefit Pay
- Flexi Benefit Pay can help employees save money on taxes by allowing them to choose tax-exempt benefits.
- The flexibility helps to increase employee satisfaction by giving employees more choice and control over their benefits.
- Flexi Benefit Pay can help to increase transparency in the workplace by making it clear to employees what benefits are available to them.
- Companies can draw in and keep top talent by offering a flexible and competitive benefits package.