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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Take these steps to start building an employee benefits program that won’t break the bank. Retirement savings plans – Offering a defined contribution retirement plan, such as a 401(k), can help you stay competitive. The post 5 Steps to Building an Employee Benefits Program That Won’t Break the Bank appeared first on Insperity.

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How to Turn a New Company Policy from Negative to Positive

HR Bartender

million a year because no more accrued days are banked, so whatever money it formerly paid departing employees goes directly to the bottom-line. We increased the 401(k) match; created a scholarship program for employees’ children; and launched a child care assistance program. For large employers, it can add up to $2 – 3?million

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Employee Files: What to include, what to leave out, and what’s confidential

Business Management Daily

That’s not even mentioning all the paperwork involved in the onboarding process, such as employee handbooks , contact information, and direct deposit/banking information — just to name a few. A dizzying amount of paperwork goes into hiring a new employee, including background checks, applications, offer letters, job applications, and more.

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What you need to include in a small business employee handbook

Business Management Daily

If your business offers employees a 401K, detail eligibility requirements and whether there is any employer matching. This may be split into vacation and sick days, or it could be presented as a combined PTO bank. Some organizations are even adopting unlimited PTO policies in recent years. Paid time off. Medical leave.

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100 SHRM Chapter Seminar Program Ideas

UpstartHR

No, really, please use the 401k: how to drive engagement in retirement plans. PTO, Vacation, and Employee Leave Best Practices. How to reward innovation without breaking the bank. Also, if you’re a SHRM chapter/council volunteer and have requests for the series (or speaking opportunities), email me. You want what?!?

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Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

In some cases, you might decide to use the 401(k) plan, which ensures your employees are contributing a part of their salary to a retirement account. Paid Time Off (PTO) PTO is not a new thing. Are you satisfied with the coverage capacity of the 401k retirement plan? Gradually add more perks as the company grows.

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An in-Depth analysis of the Best HR software solutions and how to pick one

Business Management Daily

Tax forms Job application Offer letter Performance reviews Disciplinary actions Time cards Resumes Medical records Pay stubs Signed employee handbook Benefits information PTO forms As you can see, every employee involves a ton of recordkeeping, which will quickly become incredibly cumbersome without a centralized software system to store it all.