Remove Benefits Package Remove Employment Remove Paid Leave Remove Workplace Flexibility
article thumbnail

Employee Benefits: A Key Part of Job Compensation

Money Talk

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., Like vacation time.

article thumbnail

Benchmarking Employee Benefits: How Do You Compare?

Stratus.HR

A 2021 survey of 150 employers from various industries sheds light on what employers are currently offering for employee benefits, specifically with respect to challenges exacerbated by the COVID-19 pandemic. Benchmarking Employee Benefits: Paid Time Off (PTO). 45% – Offering greater workplace flexibility.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What are Total Rewards: Here’s A Holistic View

Empuls

Employee total rewards are a combination of benefits, compensation, and rewards that employees receive from their organizations, including wages and bonuses, rewards, performance recognition, workplace flexibility, career opportunities, etc. Paid leaves. Retirement benefits. Legal benefits.

Bonuses 52
article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

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. Many employers match their employees’ contributions to boost their savings. Internal Revenue Service (IRS) each year.