WEX Inc.

OCTOBER 5, 2023

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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Employee Benefits

MAY 29, 2023

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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Employee Benefits

SEPTEMBER 28, 2023

Just 12% of roles posted online listed health-related perks such as private healthcare, wellbeing perks or life insurance as part of an employment package, according to research by Plasma by Medichecks. The lack of employee benefits which support improved health and wellbeing therefore seems incredibly low. “The

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Higginbotham

NOVEMBER 2, 2023

Employers can support them by providing employee financial wellness programs that help workers manage their money and take control of their finances. Why Employers Should Care About Financial Wellness According to Capital One, 73 percent of people say their finances are a major cause of stress. The average balance is $37,718.

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HR Lineup

JUNE 9, 2023

One of the key strengths of PES Benefits lies in its ability to customize benefit plans to align with the specific goals and values of each organization. Retirement planning is another crucial aspect of PES Benefits’ offerings. The post PES Benefits appeared first on HR Lineup.

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Business Management Daily

APRIL 25, 2024

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. The difference between fringe benefits and required benefits lies in whether or not a given company is required by law to provide them.

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Empuls

APRIL 22, 2024

Comprehensive employee benefit packages are increasingly becoming a deciding factor in job satisfaction and happiness.    Why employee benefit matter  According to a Society for Human Resource Management study, 60% of employees prioritize employee benefit when deciding to stay with their current employer.

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Higginbotham

DECEMBER 30, 2021

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.

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Vantage Circle

JANUARY 30, 2022

As an employer, you must have considered providing your employees with some extra benefits besides their regular wages. But have you ever wondered whether these benefits are taxable? What exactly is a taxable benefit, and are they legally required? But some benefits need to be taxed and added to their income.

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Vantage Circle

DECEMBER 31, 2019

But, there’s also a list of few tax-exempted fringe benefits that you can consider for curating a lucrative employee benefits plan. Here, are some of the tax-free fringe benefits and why you should count them in your employee benefits package. Employee Health Insurance Benefits.

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Empuls

MAY 7, 2023

As an employer, you are responsible for keeping your employees happy, motivated, and engaged. One of the ways to achieve this is by implementing an effective employee benefits program. Employee benefits programs are an integral part of any organisation's compensation plan. What are employee benefits?

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Higginbotham

AUGUST 25, 2023

Or perhaps you want to pay for your children’s college education so they’re not saddled with debt. However, the employer is not required to pay the worker during this period, and many employers anticipate that workers will use disability insurance to cover their lost income. Should you buy disability income insurance?

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Flimp Communications

DECEMBER 19, 2019

The main difference between perks and benefits is that benefits take care of basic needs and usually require a formal opt-in from employees. Some common non-medical benefits include, paid family leave, life insurance, short- and long-term disability insurance, commuter benefits programs and wellness programs.

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Business Management Daily

APRIL 25, 2023

Flexible work hours are another common demand from modern employees, as they want more control over their schedules for a better work-life balance. Development opportunities, competitive compensation, and attractive benefits packages are also perks the best talent actively looks for. Interviews.

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Empuls

MAY 8, 2023

And this same change cuts through how employers manage their employees, what benefits to offer, and more dynamic strategies to use when recruiting more hands from the talent pool. Some of these benefits are mandatory by law, such as Health insurance in America. However, they might not really be what your employees want.

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Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Furthermore, high out-of-pocket costs primarily affect people who have employer coverage and earn above 600 percent of the federal poverty level. HRAs are owned by the employer. Funds do not expire.

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Business Management Daily

MARCH 21, 2022

Retirement planning is incredibly important for today’s workforce amid uncertainty about the future of social security, making it a great way to set your business apart from small businesses that don’t offer such benefits. 401(k)s are one of the most popular employer-sponsored retirement benefit options. What is a 401(k)?

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Vantage Circle

JUNE 24, 2019

An employee benefits program is important and costly at the same time. It is one of the heftiest endeavors that an employer has to put money on. The benefits you offer will make or break your employee's decision to work for you. Or is it optimized enough to provide all the benefits that your employees want?

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Insperity

FEBRUARY 20, 2020

Employers that offer the right set of workplace perks can realize benefits to their business and their workforce. Flexible work schedules reap benefits for both the employee and employer, such as: Productivity increases. And note that this workplace perk doesn’t cost the employer a dime. Emphasis on value.

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Insperity

MARCH 28, 2019

While the list of HR responsibilities continues to grow, employees are also becoming conditioned to expect more from their employer. One way to achieve that is to offer the best benefits you can to attract and retain top talent. The only problem is now you have a host of benefits to maintain.

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Flimp Communications

NOVEMBER 15, 2019

What employees want when determining their healthcare options doesn’t always match what employers think they want. SHRM observed that employers and employees have different ideas about the best methods for selecting and enrolling in healthcare benefits. Employers believed their people preferred paper to online enrollment.

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Hppy

FEBRUARY 10, 2023

Following the Great Resignation and the ongoing pressure to bridge skills gaps, attracting and retaining talent is a key focus for many employers. Employers aren’t always in the power position anymore. Differentiate Your Benefits Package About 90% of businesses offer health insurance at minimum.

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Insperity

OCTOBER 22, 2019

Has another company – worse yet, a competitor – ever wooed away one of your most valued team members with an exciting promotion, higher salary or better benefits package? In this ever-changing landscape, how can you become educated about potential laws in the works and remain in compliance? Loss of critical personnel.

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Vantage Circle

MAY 18, 2023

Employees now want more than just salaries from their employers. They want a competitive benefits package to motivate them and improve their satisfaction. This innovative approach goes beyond the standard compensation package. The number shows the critical importance of healthcare in an employee's life.

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Insperity

MARCH 12, 2024

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

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Higginbotham

OCTOBER 14, 2022

This can be done through salary and wages, but it can also be done through benefits, and the latter can be better in some ways. A Glassdoor survey found that 80 percent of employees prefer additional benefits over a pay raise. If employers don’t provide adequate compensation, they risk losing their workers.

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Empuls

DECEMBER 29, 2022

Source : CIPD ) A single line in the CIPD report, Financial wellbeing: An evidence review , summarises why employers must prioritize their employees' financial wellbeing as a part of the greater corporate agenda. Employers, as income providers, have a critical role in supporting their workers' financial wellbeing.

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Higginbotham

APRIL 25, 2022

Job Market Report, two in three job seekers agree that workplace benefits are more important to them now than they were before the pandemic, and 80 percent think that employers need to reevaluate their benefits package. Additionally, 54 percent would consider taking a job that paid less if the benefits were better.

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Genesis HR Solutions

APRIL 23, 2020

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.

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Abel HR

FEBRUARY 19, 2019

Outsourcing some human resource responsibility to an outside vendor such as Abel HR , a Professional Employer Organization (PEO),is one way to help your HR department drive business growth by allowing them to focus on what they do best. However, crafting a compelling benefits package is also crucial to driving engagement.

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