Take Your Pick
Want to keep health-care costs low and employees happy in today's economy? It's still a good idea to look into cafeteria-style flexible plans.
Opinions expressed by Entrepreneur contributors are their own.
When unemployment rates hit rock bottom a few years ago, perkssuch as flexible benefits plans that let employees customize theirown benefits were all the rage. Now that unemployment rates favoremployers, you might not feel the need to consider such benefits.But experts say the arguments in favor of flexible benefits arestill sound.
Cafeteria plans that let employees spend a preset amount to buyselections from an array of insurance and other benefits have beenaround for more than 20 years, according to Dallas Salisbury, CEOof the EmployeeBenefits Research Institute, a Washington, DC, think tank.During the 1980s, they increased in popularity until about 12percent of the labor force was covered, and that's pretty muchwhere they've stayed ever since.
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