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Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

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Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

For example, your country’s laws might mandate you to provide health and disability insurance. On the flip side, personalized benefit packages fully rely on the inputs, painpoints and needs of your potential workers or existing employees. Life insurance basically covers post-death expenses of an employee.

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How Non-Medical and Niche Employee Benefits Promote Productivity

Flimp Communications

The main difference between perks and benefits is that benefits take care of basic needs and usually require a formal opt-in from employees. Some common non-medical benefits include, paid family leave, life insurance, short- and long-term disability insurance, commuter benefits programs and wellness programs.

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Prioritize Financial Well-being in the Workplace

Empuls

Source: Bank of America ) The heightened financial stress affecting employees' health and wellbeing profoundly impacts their organization's bottom line. While the insurance premium is discretionary, plans include regular check-ups and eye and dental coverage.

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15 Types Of Employee Benefits That Won’t Break The Bank

Vantage Circle

These young, bright and technology-driven workers started paying more interest to things like diversity , employee benefits package , and workplace culture. 3 in 5 people (57%) report benefits and perks being among their top considerations before accepting a job. Insurance Plans And Fringe Benefits.