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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

. "The way your employees feel is the way your customers will feel. And if your employees don't feel valued, neither will your customers." Increasing Job Satisfaction: A comprehensive benefits package contributes to higher job satisfaction among employees. They are valuable for employee well-being.

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The future of benefits: Adapting to changing employee expectations

Higginbotham

With unemployment holding steady at well below the long-term average , competition for top talent remains intense. To continue recruiting and retaining the best people in this labor market, business owners and HR professionals must prioritize enhancing employee well-being and job satisfaction.

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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

Competitive advantage can also come from creativity in putting together a benefits package. Basic Benefit Packages are No Longer Competitive Not long ago, a more competitive benefits package might have included health insurance and a 401(k) plan , plus dental and vision insurance.

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15 Employee Benefit Examples from Great Companies

Empuls

Microsoft employee benefits Microsoft is known for its exceptional employee benefit programs that aim to enhance work-life balance, promote personal development, and prioritize employee well-being. One notable benefit offered by Microsoft is its "Employee Assistance Program."

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How to Run an Employee Perks Program Effectively

Empuls

These programs can include gym memberships, on-site fitness classes, wellness workshops, mental health resources, and healthy food options. Health and wellness programs not only improve employee well-being but also reduce healthcare costs and absenteeism.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Improved Employee Retention: A robust employee benefits platform can improve employee retention by offering comprehensive benefits packages. However, the packages should meet the needs and expectations of employees. The wider the range, the better the chances of meeting diverse employee needs.

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How to Design an Employee Benefits Program Effectively

Empuls

Offering comprehensive employee benefits can improve employee morale and job satisfaction, leading to higher productivity and lower turnover rates. Certain benefits like health insurance can promote employee wellness and reduce absenteeism, which can be beneficial for both the employee and the company.