article thumbnail

Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

article thumbnail

Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. Meanwhile, its health and wellbeing scheme includes health cash plans, life insurance, personal accident insurance, cancer cover, sick pay insurance, and medical and dentistry cover.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

The mandatory benefits form the foundation of all employee benefit packages. Health insurance Those benefits provide a baseline of employee expectations. Besides these core benefits, there are many perks and fringe benefits a company can offer to round out the benefits package. Payroll taxes 2.

article thumbnail

PES Benefits

HR Lineup

By understanding the unique needs of employees and the culture of the company, PES Benefits can design tailored benefit packages that cater to both individual preferences and the broader objectives of the business. Retirement planning is another crucial aspect of PES Benefits’ offerings.

article thumbnail

What are fringe benefits? What employers need to know

Insperity

Examples of taxable fringe benefits include: Non-business use of company cars Cash (bonus pay) Gym memberships Paid personal time off. Remember to determine the value of the fringe benefits provided by Jan. Use your EAP to help promote various benefits to staff. 31 of the year after you give them to the employee.

article thumbnail

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.*

article thumbnail

What Are Fringe Benefits and Are They Taxable?

HR Digest

The IRS has very clear guidelines available on its website on how to determine the value of a benefit. Some businesses offer sabbatical options to long-term employees, or flexible schedules and education assistance, just to name a few. Can Employers Deduct Fringe Benefits?

401(k) 52