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7 ways to support employees during economic inflation

Insperity

A 401(k) retirement plan is an important benefit that your company pays to provide for employees – and you want to make sure that they know how to take full advantage of it for their financial well-being and future security. Allow employees to work from home (if you don’t already).

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Retirement Benefits Retirement benefits are critical to an employee's compensation package, providing financial security in their post-work years. 401(k) Plans A 401(k) plan allows the employees to defer some of their salary. If you establish a 401(k) plan, you: Can have other retirement plans.

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Examples of fringe benefits by category

Business Management Daily

Other options like work-from-home stipends and cell phone plans keep existing employees happy, reducing turnover and boosting productivity. 401(k) plans, pensions, and employer contributions to retirement accounts are increasingly important to young workers. In almost all cases, bonuses lead to more productivity.

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Employee perk ideas to improve employee satisfaction and attract top talent

Business Management Daily

There’s just no substitute for paying people a competitive salary and giving them the benefits package they need to thrive outside of work. People who never learned all the jargon about retirement planning can put some money away in an IRA or 401k with their employer’s help. With that said, work outings are awesome.

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Top 20 Examples of Employee Incentive Programs

Vantage Circle

Many companies are also willing to pay retention bonuses to keep employees on board. It is a form of extra payment for completing a project or the proper execution of work. Retirement plans can be in the form of both a 401(k) plan and an employer match plan. Monetary Incentives. Profit-sharing. Dearness Allowance.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

A new survey conducted by Fractl found that, after health insurance, employees favor benefits that are relatively inexpensive to employers, such as flexible hours, extra paid vacation time, and work-from-home options. In addition to the employee's salary and bonuses, an employer may pay it directly or indirectly.

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How Can Employers Help Employees With the Cost of Living Crisis?

Empuls

Only by adopting new and innovative ways to help employees can a company help protect their employees from falling into shortage, poverty and even homelessness in certain dire situations. Remote work and telecommuting options Remote work such as work from home, hybrid work schedules can help in cutting down on fuel and commute expenses.