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What is an eligible employee (EE)?

PeopleKeep

There are often different eligibility requirements for employee benefits like health insurance , retirement plans, and paid time off (PTO). Employers and employees need to have a clear understanding of what constitutes an eligible employee and the requirements to qualify for specific benefits.

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The pros and cons of an unlimited PTO policy

Business Management Daily

He might have expected a potential employer’s HR department to offer him healthcare insurance or perhaps a retirement plan. He likely, though, would have thought somebody in human resources was pulling his leg if presented with the notion of unlimited paid time off (PTO). What is an unlimited PTO policy?

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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Paid time off PTO allows employees to take breaks from their busy schedules and recharge. Pension and retirement plans The same Forbes Advisor study found that 34% of employees and 34% of employers agree that retirement plans are a vital part of a company’s benefits strategy.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Retirement plans Employees want to be able to save for retirement and plan for their futures. In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. Internal Revenue Service (IRS) each year.

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2024 Employee Benefits Trends: Focus on Employee Wellbeing

Best Money Moves

Expanded opportunities for PTO Employee expectations for time out of office are moving far beyond standard PTO. Inclusive PTO policies help destigmatize mental health-related absences and can help protect employees from losing pay when faced with unexpected circumstances.

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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. However, there are a few categories into which they usually fall.

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6 types of employee rewards and how to use them

Achievers

They include all the tangible ways employees are recognized, from a higher salary, to additional PTO, to a heap of reward points provided by a thankful team member. Team members now expect employers to go beyond traditional incentives like retirement plans and health insurance by offering personalized benefits tailored to their unique needs.