Flexibility in employee benefits

| May 16, 2016

Flexibility in employee benefits
With Millennials entering the workforce in large numbers and the work force comprise all age groups, time has come for Indian organizations to look at offering flexibility in benefit administration. Individual needs of employees are different, then why not give them what they want. Such plans are given in certain organizations in senior level, but companies needs to look at extending it to all levels. In most organizations a 30 year old and 50 year old at the same grade or level gets predominantly the same benefits. Benefits here refer to non-cash benefits and not variable or performance pay.

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