An organization provides a salary plus a fixed range of core benefits and standard benefits for its employees. The organization, however, wishes to give its employees some flexibility for benefits selection, to suit their own risk tolerance level.
Therefore, by allowing the employee to increase or decrease the levels within each of these benefits, the employee is given a degree of flexibility with regards to the benefits he or she receives. Ultimately, the employee must pay any additional costs should they, for example, only increase their levels of benefits chosen above the level of the standard benefits provided. Conversely, the employee benefits in cash where the level of benefits chosen is below the value of the standard benefits provided by the organization.
More terms such as no additional funding scheme in Dictionary N.
- Manual Notification Approval:
- Help you can use to inform an application area about a particular subject matter. Examples of these subject matters are: Quality notification Maintenance notification Service notification Claim Feedback no additional funding scheme definition.
- Manual Non-Working Shift:
- Help A daily work schedule, in a multiple-shift operation, with zero planned working hours that represents a day off no additional funding scheme explain.
- Manual Negative Lead Time:
- Help before the production start date for a higher-level assembly when a lower-level component must be made available. Lead time - positive value Components can be obtained after production starts. Lead no additional funding scheme what is.
- Manual Non-Dialog Work Process:
- Help Work process of a different type to dialog (DIA). Other types are (UPD, UP2), enqueue (ENQ), spool (SPO), batch (BTC no additional funding scheme meaning.
- Manual Numeric:
- Help See numeric data type, numeric data object no additional funding scheme abbreviation.
