Vantage Circle

SEPTEMBER 23, 2023

Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” These benefits are given to employees over their salaries and wages. In the dynamic arena of modern employment, employee benefits aren’t just perks; they are essential components of a thriving organization. Employees love benefits.

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Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Griffin Benefits

JUNE 29, 2023

contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0 SECURE ACT 2.0

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401(k) Retirement Plan Salary Take Home Pay 52

HR Lineup

MAY 28, 2024

These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. Employee perks, also known as employee benefits or fringe benefits, are additional incentives provided by employers to their employees beyond their regular salaries or wages.

Health and Welfare 97

Health and Welfare Retirement Plan Health Insurance Parental Leave 97

HR Lineup

OCTOBER 25, 2023

As we step into 2023, retirement planning has become more critical than ever. With the uncertainty surrounding the future of Social Security and the increasing life expectancy, having a solid retirement plan is essential. Empower Retirement Empower Retirement is a significant player in the retirement plan industry.

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401(k) Retirement Plan Taxes Education 52

Employee Benefits

JANUARY 25, 2023

Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Annual employer-funded health screening for the leadership team. Group income protection employer-paid for all employees, subject to acceptance by the insurer. 26 weeks deferred period.

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Pension Bonuses Voluntary Benefits Retail 105

Money Talk

DECEMBER 29, 2022

I recently attended a number of webinars about retirement planning. Below are 10 of my top take-aways: Knowledge is Power - While new state financial education mandates are getting lots of media attention (and rightly so), financial education works for everyone! Many have to settle for less.

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401(k) Taxes Retirement Plan Finance 177

Employee Benefits

AUGUST 9, 2023

Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees. As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.

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Pension Retirement Plan Education Benefit Providers 98

Employee Benefits

SEPTEMBER 14, 2023

This is especially true when an employer matches any additional contributions. For example, someone in their 20s, saving an extra 1% a year with their employer matching this, may be able to increase their pension pot in retirement by 25%. They are all 25 years old and plan to retire at age 68.

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Pension Take Home Pay Salary Taxes 64

Insperity

SEPTEMBER 21, 2023

So, what can employers do to address these mostly external factors that can impact employee wellbeing? 59% of employees feel their salary has not maintained pace with the rising cost of living. Financial health is a significant concern in the relationship between employers and employees.

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401(k) IT Benefits Package Finance 100

Best Money Moves

MAY 4, 2022

A six-figure salary doesn’t always translate to financial security. It’s a common misconception that a six-figure salary always translates to financial security and that high-earning employees have no need for financial wellness benefits. General financial education (41%). High-earning employees need financial help, too.

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401(k) Retirement Plan Salary Finance 111

Qandle

OCTOBER 9, 2023

This comprehensive document serves as a guiding beacon, outlining the policies, procedures, and expectations that govern the employer-employee relationship within a company. Employee Benefits: Information about benefits such as health insurance, retirement plans, paid time off, and other perks provided by the company.

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Human Resources Retirement Plan Media Overtime 98

PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

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401(k) Overtime Health Savings Account Retirement Plan 52

HR Lineup

JANUARY 16, 2023

Salary.com is a website that provides detailed information on salaries, benefits, and job market trends for a wide range of industries and positions. The site is designed to help job seekers and employers alike gain a better understanding of what to expect when it comes to compensation, benefits, and job market conditions.

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Benefits Package Retirement Plan Salary Health Insurance 52

Business Management Daily

APRIL 29, 2024

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Fringe benefits are how employers make up the gap. Most employees expect benefits. People want more.

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Out of Pocket Cost PTO 401(k) Deductions 84

Employee Benefits

NOVEMBER 2, 2023

Research[1] by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all. So, they run a lot of retirement education programmes.”

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Pension Education Retirement Plan Salary 52

HR Lineup

FEBRUARY 1, 2024

Compensation goes beyond just the salary paid to employees and includes various elements designed to reward and recognize their contributions. It forms the foundation of an employee’s compensation package and is often influenced by factors such as experience, education, and market rates for similar roles.

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Bonuses Commissions Salary Overtime 89

Insperity

SEPTEMBER 1, 2022

In the post-COVID workplace , employees tend to have much higher expectations of their employers, including the frequency and breadth of communications. To maintain strong employee relationships and avoid getting caught off guard, inflation is one of those current events for which you should consider preparing a communication plan.

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401(k) Retirement Plan Bonuses Salary 86

Best Money Moves

SEPTEMBER 27, 2023

Start by listing the total income you bring in each month, including your salary, a spouse or partner’s salary and other recurring income such as alimony or childcare. If your bank isn’t able to do so, check with your employer to see if they can automatically deposit some of your paycheck into a savings account instead.

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Banking Taxes Salary Entertainment 105

Genesis HR Solutions

JANUARY 30, 2023

Instead, take a look at the pros and cons, and then make an educated decision for your company. Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan. You don’t need to shake a magic eight ball to make a decision. According to the U.S.

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401(k) Taxes Deductions Deductible 97

Business Management Daily

APRIL 25, 2024

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. Employers can use this to their favor by distinguishing themselves as a desirable place to work. Are your salaries competitive?

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Taxes Retirement Plan Employee Stock Option Bonuses 52

Best Money Moves

MARCH 28, 2022

Closing the gender retirement gap: How financial wellness can help. Female employees still face workplace disparity when it comes to retirement planning. Here’s what employers can do to close the gender retirement gap. . With little federal guidance, employees must depend on their employers’ leave policy.

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Parental Leave Pension Finance Retirement Plan 105

HR Digest

NOVEMBER 20, 2023

Pew Research Center found that 43 percent of young workers have stayed with their employees for over three years, but on the other hand, 40 percent have spent less than 12 months with their employers. Competitive salaries are a no-brainer when it comes to establishing a strategy on how to recruit top talent.

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Recruitment IT 401(k) Health and Welfare 110

Best Money Moves

AUGUST 23, 2023

Here’s how employers can foster resilience in their employees to help their workforce whether any storm. This is an ability that can be honed for minimum-wage and high-salaried employees alike. We have robust benefits options for employers, regardless of their benefits budget. million person increase from 2021.

Finance 52

Finance Retirement Plan Salary Education 52

Insperity

FEBRUARY 3, 2011

Retiring comfortably is something every worker dreams of. Sponsoring a retirement plan can help them get there. Retirement plans come in a wide range of shapes and sizes, each with its own unique functionality. The following steps can help simplify the process of choosing and managing a plan.

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Retirement Plan 401(k) Employment Profit Sharing Plan 40

Insperity

MAY 13, 2013

Since the financial crisis of 2008, workers have become more aware and concerned about saving for retirement. As a result, employer-sponsored retirement plans are no longer an enticing perk, they’re an expectation. They want a plan they can brag about. Employer match. Certain income restrictions may apply.).

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Retirement Plan Health Savings Account Banking Finance 40

Employee Benefits

FEBRUARY 8, 2022

Although official data is not yet available, media reports of some big companies saying they will only pay the legal minimum – as opposed to full sick pay – to unvaccinated staff if they have to isolate due to Covid-19 exposure, demonstrates the pressure on employers. 90% planning a FinWell policy. ” One size doesn’t fit all.

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Salary Finance Education Retirement Plan 52

Health Consultants Group

OCTOBER 1, 2021

Just like workers in all business environments, your employees are assessing their lives, reevaluating their careers, and reconsidering their employment options. . After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Consider Cafeteria Plan options .

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Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

Higginbotham

NOVEMBER 2, 2023

Employers can support them by providing employee financial wellness programs that help workers manage their money and take control of their finances. Why Employers Should Care About Financial Wellness According to Capital One, 73 percent of people say their finances are a major cause of stress. The average balance is $37,718.

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401(k) Disability Insurance Benefits Package Insurance 52

Qandle

FEBRUARY 12, 2024

Furthermore, investing in employee development fosters a culture of continuous learning and professional growth, positioning the organization as an employer of choice and enhancing its competitive edge in the marketplace. Strong employee relations contribute to organizational success by enhancing employee morale, engagement, and productivity.

Human Resources 52

Human Resources Management Software Recruitment 52

Higginbotham

JANUARY 18, 2022

Employee compensation includes a lot more than just the base salary or hourly wage. The top two factors were, unsurprisingly, salaries and benefits: 67 percent cited salaries and 63 percent cited benefits as top factors. Salary may be the most important factor for many employees, but benefits come in at a very close second.

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401(k) Disability Insurance Salary Life Insurance 52

Empuls

APRIL 22, 2024

  But where exactly does each chunk of your hard-earned salary end up?    Beyond the paycheck: how employee benefit makes them happier  A competitive salary is essential to attract and retain top talent. They provide a sense of security for the future and encourage long-term financial planning. 

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Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Business Management Daily

APRIL 25, 2023

Excessive working hours and mistreatment from employers were the catalysts for many to leave short-staffed positions struggling to stay open. Attracting and retaining talented employees Employees have more stringent expectations than ever for employers, and there’s a ridiculous amount of competition out there. Interviews.

Salary 105

Salary Benefits Package Recruitment PTO 105

Hppy

OCTOBER 24, 2023

Financial Education and Resources Research indicates that offering financial education and resources in the workplace can yield significant benefits for both employers and employees. According to a 2022 survey by the Society for Human Resource Management, only 21% of employers currently offer non-retirement financial benefits.

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401(k) Human Resources Financial Counseling Education 36

Employee Benefits

JULY 31, 2023

Pension contributions by employers are great in principle, fostering stability and long-term economic wellbeing for employees. Consider salary sacrifice, for instance. We supplement this with regular communication and educational content, which helps staff feel confident about managing their finances.

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Pension Taxes Finance Retirement Plan 52

Business Management Daily

MARCH 21, 2022

It’s important to take care of the people that work to keep your business alive, and helping them plan for their retirement is a great way to do that. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. Do employers have to offer a 401(k) to employees?

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401(k) roth 401(k) Retirement Plan Deductions 52

Empuls

APRIL 28, 2023

According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. Attracting and retaining top talent is more important than ever. What are employee benefits?

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Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

HR Digest

MARCH 2, 2024

Image: Freepik Top 5 Ways to Stop a Valued Employee from Quitting In most situations, employers tend to take their frustration out on an employee who chooses to leave a company rather than understand that the employee has to put themselves first. can all be convincing enough to get an employee to stay at your organization.

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IT Salary Retirement Plan Work From Home 52