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Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

Employee benefits are an important aspect of any job, but can be overlooked when thinking about changing roles. Depending on those on offer, benefits can be just as valuable as a pay rise , and in some cases, even more valuable. It is quite natural for us to focus on salary. So what constitutes a good employee benefits package?

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What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal.

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Why Your Staff Needs Short- and Long-Term Disability Coverage

InterWest Insurance Services

No one plans on becoming disabled and missing work, but it can happen. While their health insurance will cover their medical expenses, it won’t cover the cost of living while they recover. That’s why you should be offering your employees voluntary short-term and long-term disability insurance. Bureau of Labor Statistics.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Developing an Employee Financial Wellness Program Employees typically look for competitive compensation, but a good salary alone isn’t necessarily enough to ease financial difficulties. Financial wellness benefits can help employees tackle their money challenges. Disability insurance is another important product for financial health.

401(k) 52
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Employee Benefits: Types, Cost & Examples

HR Digest

When you’re starting a new job , it can be overwhelming to learn about all the benefits that are available to you. But the more you know about the types of employee benefits offered by your employer, the better equipped you’ll be to make informed decisions about health care, retirement plans, and other important financial matters.

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How to evaluate the compensation plan?

HR Digest

Here is a guide on what to look for in an ideal total compensation package. Your compensation package plays a monumental role in where you end up working in the future. Oftentimes a higher salary might not actually mean more money in your pocket. Retirement benefits – include 401(k)/403(b), pension plans, etc.

401(k) 82
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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Highlights Meaning of employee benefits Imoprtance of employee benefits Types of employee benefits Legally mandatory benefits Popular employee benefits Creative and budget-friendly benefit ideas What Are Employee Benefits? These benefits are given to employees over their salaries and wages.