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New Trends in Workplace Benefits: What Employees Want

HR Digest

Employers who offer financial wellness benefits, such as financial education, 401(k) contributions, or student loan repayment assistance, can attract and retain top talent while improving employee financial well-being. Paid Time Off (PTO) and Parental Leave These are also critical workplace benefits for employees.

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Amazon invests $1.3 billion in pay for US employees

Employee Benefits

Amazon provides employees with career advancement opportunities, anytime access to earned pay, health, vision and dental insurance from the first day of employment, a 401(k) pension with employer matched contributions, up to 20 weeks of paid pregnancy and parental leave for birth parents, with six weeks for eligible supporting parents, and its Resources (..)

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

401(k) Plans A 401(k) plan allows the employees to defer some of their salary. In this case, their deferred money goes into a 401(k) plan sponsored by their employer. If you establish a 401(k) plan, you: Can have other retirement plans. It can be a business of any size.

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Building Understanding Ahead of Open Enrollment Across Generations

PeopleStrategy

Generation X (born 1965-1980) are typically family-oriented, so they may prioritize benefits like parental leave, flexible work arrangements, and career development opportunities. Retirement Plans: Offer various retirement planning options, including 401(k)s, IRAs, and pension plans.

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Amazon and Wells Fargo named top US employers for 2023

Employee Benefits

It was praised for its education and skills training, and its benefits package that includes health insurance from an employee’s first day, a 401(k) plan, up to 20 weeks of paid parental leave and free mental health support.

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What Are Fringe Benefits and Are They Taxable?

HR Digest

Paid time off (PTO) , travel reimbursement, tuition reimbursement, menstrual leave, and childcare assistance are some common types of fringe benefits. A report by T he Conference Board indicated that 86 percent of organizations maintain policies such as parental leave and well-being support. Do Fringe Benefits Count as Income?

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Home Depot raises starting wage to $15 per hour minimum

Employee Benefits

Home Depot currently offers its staff elder care benefits, backup childcare, 24/7 virtual doctors, college planning, tuition reimbursement, a 401k retirement savings plan, discounts on gym memberships, electronics, and food shops, parental leave and adoption-related expenses reimbursement.

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