Remove 401(k) Remove Employee Benefits Remove Health Savings Account Remove Life Insurance
article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employee benefits you should consider. Health Savings Account (HSA). Federal or state employees do not.

401(k) 98
article thumbnail

Employee benefits for small businesses

Higginbotham

If you want to secure the best talent, you need to offer the best employee benefits. Employee benefits for small businesses can support many goals, including retention, recruitment, engagement, workplace culture and even the company’s bottom line. The Benefits of Employee Benefits. Other Key Benefits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Life Hacks to Extend the Value of Your Benefits

Benefit Resource Inc.

We are all faced with choices every day which can lead you to save time or money. You might plan for retirement by contributing to a 401k plan. Use paid time (and personal savings) for a relaxing vacation. Take out a life insurance policy for added peace of mind.

401(k) 98
article thumbnail

Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

WHAT THE IRS SAYS: The IRS doesn’t vary the withholding tables to account for any extra pay period, but you may want to build the extra pay period into your computer formula. If you choose not to adjust, employees could be underwithheld. Employeesbenefits deductions and allowances (e.g., Digging deeper. cash planning).

Payroll 83
article thumbnail

5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

The benefits you offer potential employees can make or break their decision to work for you. Also, employee benefits are typically one of your heftiest expenses as a business owner. Differentiate between required and optional employee benefits. Know the required employee benefits.

Banking 51
article thumbnail

Open enrollment checklist for employers

Business Management Daily

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). Make any necessary additions.

article thumbnail

What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.