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. PES Benefits differentiates itself through its emphasis on technology-driven solutions and streamlined administration.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Open enrollment checklist for employers

Business Management Daily

FSA benefit plans: Flexible spending accounts also allow employees to set aside pre-tax dollars to cover qualified healthcare or dependent care expenses. Healthcare FSAs do not require enrollment in an HDHP, so these are the more frequently offered benefit if you offer more expansive health insurance options.

article thumbnail

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. No federal or state agency requires you to adjust employees’ pay for the extra pay period. Figure pay based on 52.143 weekly pay periods or 26.07

Payroll 83
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

Drive Employee Engagement with Transparency into Overall Benefits

Hireology

It’s a great start to list benefits on your career site or in your offer letters, but to maintain employee engagement, you should ensure your employees can easily access an overview of their benefits. In fact, the Bureau of Labor Statistics estimates benefits make up about 37.6 Make Employees Feel Valued.

article thumbnail

4 Ways Employee Engagement Has Improved in the Past Decade

Hireology

If employees can’t find their pay stubs, or lose track of how many systems they need to log into – such as payroll, benefits, time and attendance and countless other systems – they might get frustrated with your company and seek other job opportunities.

Payroll 78