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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

401(k) plans, pensions, and employer contributions to retirement accounts are increasingly important to young workers. Maybe in addition to a couple weeks of paid vacation, your company offers no-questions-asked sick leave for employees who feel under the weather. It’s a touchy subject.

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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

Basic Benefit Packages are No Longer Competitive Not long ago, a more competitive benefits package might have included health insurance and a 401(k) plan , plus dental and vision insurance. Today, employees are looking for holistic benefits that address their physical, mental and financial well-being.

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How to Design an Employee Benefits Program Effectively

Empuls

They provide a range of benefits and perks to employees beyond their regular wages, including health and wellness benefits, retirement benefits, time-off benefits, employee perks and discounts, and educational assistance. What are employee benefits?

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15 Employee Benefit Examples from Great Companies

Empuls

They also offer generous parental leave policies, allowing new parents to take up to 18 weeks of paid leave. " This policy allows employees to take paid time off for outdoor activities such as surfing, skiing, or hiking. One notable benefit offered by Microsoft is its "Employee Assistance Program."

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The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

Here’s a run-down on some common types of employee perks at work: Health: This includes medical insurance, dental care plans, vision coverage or even free periodic health screenings. Retirement: Often in the form of pension plans or 401K contributions that ease future financial burdens for your employees.

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How to Run an Employee Perks Program Effectively

Empuls

These programs can include gym memberships, on-site fitness classes, wellness workshops, mental health resources, and healthy food options. Health and wellness programs not only improve employee well-being but also reduce healthcare costs and absenteeism.

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