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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. Disability.

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

Genesis HR Solutions

401(k) matching contributions. Insurance, including health, dental, vision, life, disability, etc. Indirect Compensation: Taxes. Social security tax. Unemployment tax. Workers’ Compensation insurance. Health, dental, and vision insurance. Life and disability insurance.

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What employees expect from benefits packages

Business Management Daily

Employee benefits plans commonly include worker’s compensation and disability insurance to ensure a sick or injured employee receives at least a portion of his regular pay until able to return to work. Organizations also frequently provide employees with free or low-cost life insurance. Health Savings Accounts.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

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Prioritize Financial Well-being in the Workplace

Empuls

Liz Supinksi , Society for Human Resource Management Source: Bank of America Some companies have cracked the code to their employee's financial wellbeing by taking a total rewards approach toward long-term wealth creation. Supplemental income includes stock options, 401 (k) plans, bonuses, etc.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

These include self-service employee onboarding, document storage, payroll processing, tax filing, reporting, and human resources (HR) compliance assistance. Zenefits Zenefits is a cloud-based software company that provides human resources (HR) management services and tools for small and medium-sized businesses.