article thumbnail

Besides Health Insurance and 401(k)s, These Are the Benefits Employees Value Most

InterWest Insurance Services

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

401(k) 98
article thumbnail

The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Making these benefits as inclusive as possible is another factor to consider. Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Plane

HR Lineup

It simplifies the process of calculating salaries, factoring in taxes, deductions, and benefits. One of Plane’s standout features is its ability to integrate seamlessly with various HR tools and benefits providers.

Payroll 52
article thumbnail

What is Leave Encashment? Calculation, Taxation, and Rules

HR Lineup

Leave encashment is a significant aspect of employment benefits, providing employees with the option to convert their unused leave days into monetary compensation. For example, some jurisdictions provide tax relief if the leave encashment is due to the employee’s retirement, resignation, or reaching a specific age.

Taxes 52
article thumbnail

What are fringe benefits? What employers need to know

Insperity

Some states may also tax fringe benefits, so be sure to check with your state tax authority before designing a fringe benefits package. Examples of taxable fringe benefits include: Non-business use of company cars Cash (bonus pay) Gym memberships Paid personal time off. Must all employees receive the same benefits?

article thumbnail

What Is an Employee Benefits Consultant and What Do They Do?

Fringe Benefit Analysts

As many employers and businesses are aware, employee benefits packages are very important considerations for candidates when they are being scouted by recruiters. For example, an employee benefits consultant may suggest other wellness incentives, as a means to attract future talent.

article thumbnail

17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated. From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences.