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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company.

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Standard Chartered Bank and Lidl GB shortlisted for Best voluntary benefits

Employee Benefits

Standard Chartered Bank and supermarket chain Lidl GB have been shortlisted for Best voluntary benefits at the Employee Benefits Awards 2024. The schemes helped employees learn how to manage their money better and some to save thousands of pounds through the Isa by utilising employer contributions.

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What are voluntary benefits?

WEX Inc.

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings.

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What’s the hottest, zero cost benefit in Employee Benefit planning today?

CorpStrat

If an employee falls ill or gets hurt, they’ll likely have little to no income coming in. On top of that, state Disability is so restrictive and can involve such an arduous process that your employees simply can’t count on it. Voluntary Benefits. appeared first on CorpStrat: HR | Payroll | Employee Benefits.

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Creative Billing Alternatives for Voluntary Benefits

Winston Benefits

Handling payments for voluntary benefits can be a hassle. Finding an option that works for you can simplify things for employees while making your benefits administration process more efficient. Missed Deductions and Employee Payment Services. Need help reconciling invoices? Need help reconciling invoices?

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Offer HDHP and HSAs? Follow this 4-step Voluntary Benefits Checkup

Corporate Synergies

Which voluntary benefit options are right for your employees? This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans.

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What is supplemental life insurance and how can it improve your employee benefits package?

Higginbotham

According to Investopedia, employers often provide life insurance as an employee benefit, but these life insurance policies may not always provide sufficient coverage. The Convenience of Payroll Deductions When supplemental life insurance is available through work, employees often pay for coverage using payroll deductions.