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Top 10 Employee Benefits for 2021

Best Money Moves

Top 10 employee benefits for 2021. HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. Top 10 Employee Benefits for 2021. #1

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Employee benefits for small businesses

Higginbotham

Employee benefits for small businesses can support many goals, including retention, recruitment, engagement, workplace culture and even the company’s bottom line. The Benefits of Employee Benefits. workers who quit in 2021 said that low pay was a reason, and 43 percent said that a lack of good benefits was a reason.

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The Dire Need for a Meaningful Fringe Increase

AssuredPartners

Annually, in the early summer , The Department of Labor (DOL) issues a new memorandum modifying the fringe benefit rate on contracts covered by the McNamara-O’Hara Service Contract Act (SCA). The fringe rate is based on the latest Bureau of Labor Statistics Employment Cost Index summary of Employer Cost of Employee Compensation (ECEC).

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How to offer health insurance as a small business

Higginbotham

Why Small Businesses Should Offer Health Benefits In the U.S., many people expect to access health insurance through work, and most companies offer health benefits. percent of Americans had employer-based health insurance in 2021, making this the most common type of health insurance. Census Bureau says that 54.3 Learn more.

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How to manage employer health care costs

Higginbotham

Encourage the Use of Generic and Biosimilar Prescriptions Prescription costs account for a substantial chunk of overall health care spending. health care system spent $603 billion on prescription drugs in 2021. Spending is increasing – the higher costs are largely due to a small number of high-cost prescriptions.

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FSA eligible expenses — what purchases count?

Business Management Daily

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package.