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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

One of the biggest factors affecting American employees is stress and burnout and the survey reflects these sentiments, with respondents saying they all want more flexibility in their work. By enhancing benefits packages with an emphasis on physical, mental, financial and social well-being, employers can channel these concerns into action.

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Employee wellness matters: Exploring the benefits of health insurance

Higginbotham

If you own or manage a business, you know how important it is to make the well-being of the company’s employees a top priority. In the 1950s and 60s, technology companies began to experiment with employee wellness benefits by creating fitness programs for their employees. In a 2020 survey of large U.S.

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Employee wellness benefits are shifting focus to reflect modern times

Business Management Daily

When current and future employees examine a company’s benefits package, they typically expect to see employer-sponsored health insurance among the offerings. Comprehensive, affordable options encourage employee retention. Likewise, attractive plans become a selling point when interviewing job candidates.

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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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Examples of fringe benefits by category

Business Management Daily

Fringe benefits generally cover needs such as: Health and wellness Retirement planning Time off and vacation Financial offerings Work-life balance Company-sponsored fixtures and events Professional development Let’s take a look at what’s included in each category.

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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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Employee Turnover vs Attrition

HR Lineup

Natural Attrition: Natural attrition occurs when employees depart due to life events such as retirement, health issues, or personal reasons. Companies that prioritize employee well-being and provide flexibility in work arrangements are better positioned to retain top talent.