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Identifying the “Perks” on National Employee Benefits Day

Benefit Resource Inc.

In honor of National Employee Benefits Day, here are some of the often overlooked benefit options employers can use to “sweeten the pot” to attract new talent and retain existing talent. These eight benefits provide an opportunity for over $30,000 of increased value to employees each year.*

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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. 31 of the year after you give them to the employee.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Although most companies choose this option, it may be a costly decision, since employees will receive an extra paycheck, along with extra taxes withheld and extra benefits provided. Employees’ benefits deductions and allowances (e.g., Ditto for bonuses that are based on actual wages paid. biweekly pay periods.

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