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How Does Providing Instant Loans to Employees Help in Employee Retention?

Empuls

This is the reason why most of the companies go above and beyond to provide better welfare programs and other things that help them in taking care of their employees. In some cases, the loan amount may be deducted from the employee's salary in installments, while in others, it may be repaid in a lump sum.

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Steps In Benefits Administration For New Hires: 6 Best Practices

Genesis HR Solutions

Before you can let your new hires choose what benefits they’d like, you must first define the type of benefits you’re administering and which employees are eligible to receive them. Types of benefits include: Health and welfare benefits: Typically medical, dental, vision, disability, and life insurance products.