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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