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Besides Health Insurance and 401(k)s, These Are the Benefits Employees Value Most

InterWest Insurance Services

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

Besides these core benefits, there are many perks and fringe benefits a company can offer to round out the benefits package. Voluntary benefits are the opportunity to stand out from the competitors, reflect on the company’s priorities and values, and demonstrate its commitment to the employees.

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Sorting out taxes and reporting for a deceased employee

Business Management Daily

You also need to dig out the employee’s 401(k) beneficiary form—401(k) assets move independently from the employee’s will, so you need to know who the beneficiaries are. Out of the deceased employee’s final regular pay, deduct for all voluntary benefits (e.g.,

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Zenefits

HR Lineup

The platform integrates with popular payroll providers and insurance carriers to provide real-time data and insights into benefits and HR programs. Zenefits’ platform offers a wide range of benefits products including health, dental, and vision insurance, life insurance, 401(k) plans, and other voluntary benefits.

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5 Tools for Creating the Near Perfect Open Enrollment Process

CorpStrat

Offer Voluntary Benefits. More than ever, employers need to build a robust package that includes things like voluntary benefit programs. Be sure you build a comprehensive overview of your entire benefits package. Not just singular pieces of health and 401K. Tell Your Story. Tell it loud.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Besides the fact that your employees use money that hasn’t been taxed to pay for these benefits, the payroll deductions for them also reduce their taxable income while raising take-home pay.

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Best Benefits for Engineering Firms

Winston Benefits

In addition, 401(k)s are common at engineering firms, but Arup contributes to retirement plans whether the employee contributes or not. Other firms may offer defined benefit packages as well, regardless of collective bargaining status.