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[Music] the functional approach to analyzing Benefit Plan design provides a systematic approach to Total benefits design development and evaluation functional approach is an organized system for classifying analyzing the risks and the needs of employees into a logical categories of exposures see the functional approach assignment worksheet for more information these exposures may include Health Care disability death retirement and dependent care the systematic method of evaluation allows for analysis of employer total benefits program this is a package or total approach that is purposeful about integrating benefits design into total compensation the approach analyzes the employer program as a coordinated whole in terms of its abilities to meet employee needs the functional approach is useful in overall plan design evaluation of new proposals revisions cost-saving analysis and employee communication a functional approach is needed in planning design and administration of employee benefi
