Modular Plans

Posted in Human Resources Terms, Total Reads: 3499

Definition: Modular Plans

Modular plans are another example of the flexible-benefit plans. A modular plan is a package of several different bundles of benefits which can be used by employees to select a benefit-pack of their choice.


A country’s legal system directs the employer to provide certain benefits like health insurance, pension fund, and life insurance. However, an organization can add more benefits to create a package of legally required plus extra benefits and offer it to the employees. The employees may then choose a set of benefits as per requirements. It is ensured that the legally required benefits are provided to all employees.

A modular plan benefits both the employer and the employees – the employees are free to choose their own benefits are per requirements while the employer is saved of the burden of employee dissatisfaction because of limited availability of benefits.


Browse the definition and meaning of more terms similar to Modular Plans. The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary

Share this Page on:
Facebook ShareTweetShare on G+Share on Linkedin