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What happens to 401k if furloughed?

HR Digest

If you’re furloughed, does that mean your 401k is canceled? In a sentence: no, your furlough pay reduction does not lead to 401k cancellation. Your 401k is yours, and it stays yours. In this article, you should know that furlough and 401(k) are two different things. How is your 401(k) affected by furloughs?

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Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. It is one of the most highly regulated employee benefits. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)? Why should employers offer a 401k?

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Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

Employee benefits 2021: student loan repayment assistance programs. The different kinds of employer student loan repayment programs and why more employers plan to add them. Student loan benefits emerged to help employees with their share of the $1.6 Why Financial Wellness Is a Must -Have Employee Benefit.

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What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal.

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” ” In the next pages, we will explore the changing world of employee benefits. As a manager, do you believe that or pay lip service?

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Employee financial wellness: Why it matters in the workplace

Insperity

So, what can employers do to address these mostly external factors that can impact employee wellbeing? Financial health is a significant concern in the relationship between employers and employees. It is your responsibility as an employer to proactively address employee wellbeing. This is what a culture of wellness is all about.

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