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Citigroup enhances parental leave for US and Puerto Rico employees

Employee Benefits

Investment bank and financial services firm Citigroup has enhanced its parental leave and introduced a new caregiver leave initiative for its employees based in the US and Puerto Rico. Meal and housing stipends, education assistance, childcare resources and transportation programmes are available but vary by region and country.

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Meeting Legal And Ethical Obligations: Certain benefits, such as health insurance, retirement plans, and paid time off, may be required by law in many jurisdictions. Dental Insurance Employers pay for employees' dental care, including checkups and necessary upkeep. And the choices within these plans?

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How to Design an Employee Benefits Program Effectively

Empuls

They provide a range of benefits and perks to employees beyond their regular wages, including health and wellness benefits, retirement benefits, time-off benefits, employee perks and discounts, and educational assistance. Retirement benefits Retirement benefits include pensions, 401(k)s, and other retirement savings plans.

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Total compensation package examples

Higginbotham

Retirement Plans. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). Paid Time Off (Holiday, Vacation, Sick Days, Parental Leave, Personal Days, etc.). Commissions. Childcare Assistance.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences. These plans allow employees to save for their future and plan for retirement.

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How to conduct a compensation and benefits review

Higginbotham

In one example, CNBC says that Macy’s is raising its minimum wage to $15 per hour and adding an education program that covers 100 percent of tuition, books and fees. Health insurance. Retirement plans. Paid time off (vacation, sick, personal, parental leave, etc.). Mental health support. Financial wellness.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

These include insurance for losses from accidents, disability, sudden death, dismemberment. Disability Insurance. The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. Retirement Plans. Paid Sick Leaves. Paid Parental Leaves.