article thumbnail

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.

article thumbnail

Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Maximizing Health Savings and Financial Flexibility through a Well-Designed Benefits Package

Benefit Resource Inc.

Organizations are continuously looking for strategies to draw in and keep top talent in the highly competitive employment market of today. An excellent benefits package is one important component that is vital to this effort. Contributions to HSAs are tax-deductible, reducing both employee and employer tax liabilities.

article thumbnail

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

InterWest Insurance Services

Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Thanks to the Great Resignation, employees are demanding more from their current and prospective employers. ‘Must-have’ benefits. Among these must-have benefits: Prescription drug coverage.

article thumbnail

Education benefits you should be offering | PeopleKeep

PeopleKeep

With an increasingly tight job market, employers are looking for new ways to attract and retain employees. While more traditional benefits like group health insurance and retirement plans are still great options for your employee benefits package , priorities for job candidates have changed.

article thumbnail

How is the cost-of-living crisis affecting what employees want from their benefits packages?

Employee Benefits

The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term. Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.

article thumbnail

Importance of Educating Gen Z Workers on Benefits

InterWest Insurance Services

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. If they are not educated on their options and how health plans work, those new to employment can make poor decisions that could have serious financial repercussions.