Flexi Pay, also known as Flexible Pay or Flexi Salary, is a progressive compensation concept that seeks to redefine the traditional pay structure. Unlike rigid salary models, Flexi Pay empowers employees to exercise control over their salary components within the CTC framework. It allows individuals...
Full form of FBP is Flexi Benefit Pay One of the finest methods to ensure employees’ experience is valuable in a firm is through the Flexible Benefit Plan (FBP), which is a component of the employee’s Cost-to-Company (CTC). Companies realize and are cognizant of the work and costs ...