article thumbnail

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.

article thumbnail

What are employee wellness initiatives? (Plus, 5 key initiatives for your team)

Best Money Moves

Eighty-seven percent of employees consider health and wellness benefits when choosing an employer, according to a study by recruiting website Zippia. Adding wellness initiatives programs to your benefits package can provide your company an advantage in attracting talent over your competitors.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to leverage a Lifestyle Spending Account in your benefits strategy

Higginbotham

According to the Society for Human Resource Management (SHRM), Lifestyle Spending Accounts are more common in Canada, but they’re starting to receive attention in the U.S., especially as employers look at options beyond standard benefits packages to help improve recruitment, retention and turnover.

article thumbnail

How do FSAs work? Understanding FSA programs

Higginbotham

Flexible Spending Accounts (FSAs) have emerged as one solution. FSA programs can be a good fit for many employee health benefit programs, but before being able to decide, you may have some questions – for example, how do FSAs work? Flexible Spending Account vs. Health Savings Account.

article thumbnail

The benefits of an HSA account

Higginbotham

The owner of the account can use it to pay for qualified medical expenses. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. Offering Health Savings Accounts. HSAs are available through insurance companies, banks and financial institutions. Who can own an HSA?

article thumbnail

FSA receipt requirements: What you need to document

Business Management Daily

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses.

Retail 52
article thumbnail

How to Create an Offer Letter Without Contractual Implications [10 Free Sample Offer Letter Templates HR Recruiters]

Empuls

Benefits Briefly summarize your company's key benefits to encourage a candidate to accept your job offer. If applicable> - As a full-time employee, you can avail benefits that [company name] offers. These benefits include <benefits> Please accept and sign this full-time offer letter and email it before [date].