The Secret Power of 125 Structures for Strategic Decision-Making
In today's fast-paced business world, the HR and executive leaders are always looking for ways to improve processes, increase satisfaction among employees and cut down on the amount of unnecessary expenditures. An effective, but often untapped technique is found in the IRS Section 125 plan . The mechanism, which is often ignored, has a hidden potential to improve efficiency of organizations as well as employee wellbeing. Understanding IRS Section 125 Plan In essence, the IRS Section 125 plan, often referred to as cafeteria plans, permits employers to provide employees with various benefits, while maximising tax benefits. While its name might sound confusing, the actual structure allows for flexibility. Executives and HR managers have the ability to use these plans to offer the strategic advantages without putting costs. A IRS Section 125 plan is not only a tool to manage the administration of benefits in a basic manner. The plan is designed for those who make the decision, and serv...