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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Health Savings Account (HSA).

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free.

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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

And they may continue to remain unaware of the “hidden” benefits they are receiving even as healthcare costs rise, and you, the employer, absorb the increases. 401(k) matching contributions. Insurance, including health, dental, vision, life, disability, etc. Workers’ Compensation insurance.

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What employees expect from benefits packages

Business Management Daily

To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medical insurance. Health Savings Accounts.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Evaluate the Range of Benefits Look for platforms offering comprehensive benefits, including healthcare, retirement plans, wellness programs, flexible working options, and more. Consider Integration and Compatibility Ensure the platform seamlessly integrates with your existing HR systems, payroll software, and other relevant tools.