Part $1$: Challenges in Benefits Planning

Employers spend $\mathrm{.}44$ cents of every dollar spent on compensation on benefits. Employers are challenged with determining the best way to plan, design, and administer benefits to attract and retain employees.

Describe what you see as the major challenges in the planning, design, and administration of a benefits compensation package. Use your favorite search engine or the Library to search for articles about getting the most out of your benefits plan. Please relate anything useful from these articles as it relates to this issue.

Part $2$: Flexible Benefits Plans

With a flexible benefits program, employees are allotted a set amount of money to purchase benefits that they value the most.

Regarding the advantages and disadvantages of a flexible benefits program, do you think a flexible benefits program makes it easier or harder to administer a benefits program?