Exact(3)
In a filing with the Securities and Exchange Commission on Friday, Qwest, a telecommunications company based in Denver, said it had ended annual "flexible benefit payments" that it had been giving in lieu of perks offered to executives at other companies.
"The proposals will in fact go further than salary sacrifice, and are intended to apply wherever a benefit has been obtained instead of cash in any circumstances including, for example, cash alternatives, flexible benefit allowances and simple trading-up of benefits," Groom said.
Finding the proper balance between access to an expansive and flexible benefit package and the affordability of providing such a package is not a theoretical exercise, but a practical problem that is ideally addressed by obtaining the insight of a variety of perspectives, including those of patients and family members.
Similar(57)
But this has kicked its flexible benefits model into gear.
Despite the challenges, many workers say flexible benefits give them the balance they need.
Workplace experts offered these tips for keeping a career on track while taking advantage of flexible benefits: * Keep the lines of communication open.
If you already have flexible benefits through work, you can often apply for an extra layer of critical illness cover, such as for your child.
They must often spend years waiting to get access to the more flexible benefits available only to a limited number of adults with mental retardation.
And they need to exchange the more trivial perks of the job, such as company parties, social clubs and free drinks, in favour of truly flexible benefits packages.
Although the slowing economy may be making the job market less competitive, workplace experts expect companies to continue offering flexible benefits at the current pace, while cutting back on other perks like bonuses or overtime.
Big scary monsters Greenspan's glimmer Penny bazaar Frédéric Bastiat Elf help Farmers unite ReprintsEmployees can choose a deal with a lifestyle-management company, Enviego, as part of their flexible benefits.
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