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Importance of Employee Benefit Package And Why it Matters

HR Digest

Payroll taxes 2. Health care flexible spending accounts 3. Flexible scheduling 11. Retiree health insurance 6. Disability insurance Looking at these results, it’s clear that financial security is a major driver of employee benefit choices. Overtime pay 3. Workers’ compensation 4.

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Flexible Spending Account (FSA).

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17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

Just how important is an employee handbook? It wouldn’t be an exaggeration to say that, actual employees aside, it may be the most important part of your organization. Handbooks help manage your employees and keep your business compliant with the ever-growing list of employment rules and regulations.

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How to offer health insurance as a small business

Higginbotham

Larger companies are more likely to offer health insurance than smaller companies, with 91 percent of firms with 50 to 199 workers offering coverage, compared to only 39 percent of firms with three to nine workers. However, even among small companies, the figures show that health insurance is a common offering.

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5 steps to more financially stable employees

Insperity

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

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What employees expect from benefits packages

Business Management Daily

To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. companies with 50 or more full-time employees must provide health insurance. Small businesses (those with fewer than 50 employees) are not obligated by law to offer health insurance.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

(Optional dental and vision care are usually offered alongside health insurance for an added fee.) Affordable Care Act dictates whether your business is legally required to provide health insurance and what your health care plan must cover based on its size. Many employers match their employees’ contributions to boost their savings.