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Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

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The importance of disability insurance

Higginbotham

Or perhaps you want to pay for your children’s college education so they’re not saddled with debt. Whatever your plans are, they probably don’t include an unexpected disability. It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

By enhancing benefits packages with an emphasis on physical, mental, financial and social well-being, employers can channel these concerns into action. Seven in 10 employees surveyed told MetLife researchers that a flexible, customizable benefits package would increase their loyalty to their employer. Dental insurance.

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Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

So what constitutes a good employee benefits package? While these benefits may not show up in an employee’s payslip, they can add significant value to their overall compensation package. One of the most significant advantages of this type of employee benefit is that they are often tax-free.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Financial wellness benefits can help employees tackle their money challenges. However, there are many types of personal financial wellness benefits, each catering to unique needs. When creating your organization’s financial wellness benefits package, consider the specific financial challenges impacting your employees.

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What are voluntary benefits?

WEX Inc.

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. Check out our benefits trends report below!

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Pregnancy disability leave — who and what are covered

Business Management Daily

Women needing to take time off also may be eligible for pregnancy disability leave (PDL) if no longer able to perform job duties because of pregnancy-related medical conditions. This type of short-term disability insurance coverage may come directly from an employer as part of its benefits package.