What are the three areas that an employer needs to consider when establishing a benefits plan? How can HR use technology to ensure that employees clearly understand an employer's benefits plan?

What will be an ideal response?

Answer: The first element of a benefits strategy is the benefits mix, which is built on the consideration of the company's compensation strategy, organizational objectives, and the characteristics of the workforce. The benefits amount refers to how much money is available for benefits. Third, the flexibility of the benefits refers to how much choice is given to employees. Traditionally, benefits have been communicated via a group meeting during new-employee orientation or a benefits handbook that describes each benefit and its level of coverage. In today's dynamic world of employee benefits, however, more sophisticated communication media is necessary, such as videotape presentations, computer software that generates personalized benefits status reports for each employee, and a benefits Web site.