Money Talk

AUGUST 18, 2022

Also known as “fringe” (short for fringe benefits) or “perks.” employee benefits generally equal 25% to 50% of a worker’s gross pay. Thus, they are a key part of workers’ total compensation package. Purposes of employee benefits include: ¨ recruit and retain talented employees (e.g., sick day pay is fully taxable.

Family and Medical Leave Act 184

Family and Medical Leave Act Employee Benefits Paid Vacation Paid Sick Leave 184

AssuredPartners

FEBRUARY 17, 2022

For the thousands of federal contractors working under SCA regulations, that number is crucial for employee morale and the strength of an employer’s benefits package. The fringe rate is based on the latest Bureau of Labor Statistics Employment Cost Index summary of Employer Cost of Employee Compensation (ECEC).

Health and Welfare 97

Health and Welfare Paid Sick Leave Out of Pocket Cost Government 97

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.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

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.

Employee Benefits 52

Employee Benefits Disability Insurance Voluntary Benefits Benefits Package 52

Vantage Circle

AUGUST 23, 2018

The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. An employer can provide either short-term or long-term disability insurance depending on the needs of the employee. But once the course gets over, the employer decides to pay either a part or the full amount for the course.

Employee Benefits 63

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Vantage Circle

AUGUST 23, 2018

The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. An employer can provide either short-term or long-term disability insurance depending on the needs of the employee. But once the course gets over, the employer decides to pay either a part or the full amount for the course.

Employee Benefits 45

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 45