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Question

There are a number of cost-saving strategies when it comes to putting together benefit packages. Identify and explain how outsourcing and flexible benefit plans help in being more cost effective. Discuss how flexible benefit plans with your current or past employer are introduced and applied.

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Outsourcing and flexible benefits packages can be more cost effective because they can offer different premiums and total costs. On my last contract, my company outsourced their HR department who created all our benefits packages. 

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