Flexible Benefit Plan
ItFlexible isBenefits Plan (FBP) allows employees to choose the benefits they want or need from a package of programs offered by an employeeemployer. benefitsIt’s programthe part of the salary that allows employees to choosemodify fromthe a menucomponents of differenttheir benefitsCTC (Cost to the company). FBP allows the employees to have better control over their plans and allocatehence better control over their benefitslives. accordingThey can decide which components of the CTC they want to theiropt individual needsinto and preferenceshow much each component.
