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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., sick day pay is fully taxable.

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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). 38% – Expanding benefits offerings.

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Employee benefits for small businesses

Higginbotham

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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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” ” In the next pages, we will explore the changing world of employee benefits. If you sincerely believe that, you take it seriously and invest more in employee benefits.

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New poll reveals the benefits and perks that employees value most

cipHR

Paid sick leave tops the list of benefits and incentives that matter most to British employees , according to new research by HR and payroll software provider CIPHR. There are also a few differences between what male and female survey respondents want from their employersbenefits packages.

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The Dire Need for a Meaningful Fringe Increase

AssuredPartners

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).

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Employee Benefits: Types, Cost & Examples

HR Digest

When you’re starting a new job , it can be overwhelming to learn about all the benefits that are available to you. 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.