How can admin enable FBP planner for employees?

Created by Product Content Team, Modified on Fri, 16 Feb at 1:10 PM by Product Content Team

A Flexible Benefits Plan (FBP) is a comprehensive employee benefit program that allows individuals to choose from a range of benefits and allocate a certain portion of their compensation towards those benefits.

FBPs are designed to provide employees with greater choice and control over their benefits, promoting employee satisfaction and engagement.

To enable an FBP planner for the employees, the admin must perform the following actions:

From the greytHR Admin portal, navigate to Payroll > Admin > FBP Planner. The FBP Planner page opens.
Click the Create & Release tab. The list of employees appears.
From the FBP Status dropdown list, select the status as Employee with no plan.
Select the employees using the checkbox available next to the employee’s name.
Click Create & Release Plan to enable FBP planner for the employees.

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Related Links:

Video -

To watch video on Create and release FBP declaration for employees, click here.
To watch video on Declare FBP on behalf of an employee, click here.

FAQs: To read more FAQs about FBP, click here.

Documentation -

To learn how to create and release FBP, click here.
To learn how to declare FBP on behalf of an employee, click here.
To learn how to create new FBP policy, click here.

Product Update: To read about the product update, click here.