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Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

It is quite natural for us to focus on salary. However, benefits are an important aspect of any offering from an organisation, as good benefits can provide security, flexibility, and peace of mind, contributing to a more positive work experience overall. So what constitutes a good employee benefits package?

Salary 98
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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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Employee Benefits: Types, Cost & Examples

HR Digest

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. We’ll also discuss how much these employee benefits costs employers and businesses alike.

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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. Life insurance is a staple of financial preparedness.

401(k) 52
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How to evaluate the compensation plan?

HR Digest

Your compensation package plays a monumental role in where you end up working in the future. If you’re in the job market and get an offer with a salary that pays you $20,000 more than what you currently make, it goes without saying that you are supposed to take the money. 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.

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How to conduct a compensation and benefits review

Higginbotham

Companies depend on their compensation and benefits package to attract talent. On the other hand, if you offer benefits that no one really wants or cares about, you’re wasting money. You need to get it just right, and a compensation and benefits review can help. Employee Benefit Needs Have Changed.