Approach and Format Please do some research on the topic of Flexible Benefit Programs. These programs are also known by other names such as: Menu-Driven Benefits or Cafeteria Style Benefits. Use multiple sources of information and cite these sources in your document. Background: Besides offering compensation to employees, many employers (but not all) also offer benefits. The list of types of benefits that may be offered has grown over the years. Traditionally, when a type of benefit is offered, it is provided to all employees on a standardized basis. More recently, employers have started offering more flexible formats when providing benefits, thus the names: flexible, menu-driven and cafeteria style benefit programs. In your discussion, deal with such questions as: what exactly are these flexible benefit programs? What is the intended purpose of this approach? What are some reasons for using this approach: for employees; for employers? What are some potential downsides for employers and employees in using this approach? What other things of importance should we know about the method? As an employee, would you be comfortable receiving flexible benefits? Explain. You are a consultant known for your expertise in benefit administration. A company wants your advice on whether or not to begin offering flexible benefits or to continue to offer standardized benefits to all employees, including any thoughts you have on the effort to administer the benefits under each approach. What advice will you give the company? Provide your discussion on this topic in approximately 4-5 pages, single spaced