FLEX FUND title: flex fund (PA-BN-FB) (SAP Library - Glossary)
FLEX FUND category: Flexible Benefits (PA-BN-FB)
FLEX FUND explained:
The value of money provided by an employer that can be spent on benefits.
A flex fund is allocated within the Additional Funding Scheme in Flexible Benefits for Great Britain (GB FlexBens).
Employees are offered a list of flexible benefits, from which they can
make their selections, paying for these with their flex fund. The value
of an employee's flex fund can be calculated in a number of ways:
As a set percentage of basic salary As a set value, dependant on grade or position of employee Based on value of benefits held before the introduction of flexible benefits As a percentage of Base Salary, plus the value of existing benefits Individual calculation per employeeMore terms such as flex fund in Dictionary F.
- Manual Free Variable:
- Help For certain correspondence types, the user can assign a value to text module variable online. This transaction is marked as the entry of free variables flex fund definition.
- Manual Formula Award:
- Help An award whose amount is determined by the sponsor, based on statistical or financial information provided by the grantee flex fund explain.
- Manual Follow-Up Visit:
- Help Visit category for visit scheduling in Outpatient Clinic Management flex fund what is.
- Manual Fill-In Item:
- Help Item type in which the test participant is not provided with possible answers, but is required to enter or complete the answer independently flex fund meaning.
- Manual Founding Class:
- Help A class that gets a certain characteristic allocated by direct assignment (and not by inheritance). With respect to this characteristic, the founding class is the point of origin flex fund abbreviation.