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Importance of Employee Benefit Package And Why it Matters

HR Digest

Matching 401(k) contributions 2. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Disability insurance Looking at these results, it’s clear that financial security is a major driver of employee benefit choices.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

401(k)s or other retirement plans. Dental insurance. Life insurance. Accident insurance. Long-term and short-term disability insurance. Accidental death and dismemberment insurance. Critical illness insurance. Hospital indemnity insurance. Cancer insurance. Vision care.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

A 401(k) plan is a popular example of a defined contribution plan. According to the Education Data Initiative, 43.6 The IRS says employers can use education assistance programs to help pay workers’ student loans. Disability insurance is another important product for financial health.

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Dental Insurance Employers pay for employees' dental care, including checkups and necessary upkeep. These checkups are separate from the overall health insurance. Disability Insurance The employer pays the worker's salary if the worker becomes disabled or cannot work. It can be a business of any size.

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Total compensation package examples

Higginbotham

Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). Financial Wellness (Educational Tools, Credit Monitoring, etc.). Company A also offers a 401(k) with contribution matching. College Tuition and Student Loan Repayment.

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5 steps to more financially stable employees

Insperity

Offer disability insurance for added peace of mind. By offering short-term disability insurance, you allow new moms to go on maternity leave and still get paid a percentage of their income. Plus, when their short-term disability insurance runs out, long-term will kick in if they need it. Everybody wins.

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Employee benefits for small businesses

Higginbotham

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Disability Insurance and Life Insurance. Life insurance helps ensure that they will be able to provide for their families even if the worst were to happen.