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Employee Benefits: A Key Part of Job Compensation

Money Talk

Thus, they are a key part of workers’ total compensation package. Purposes of employee benefits include: ¨ recruit and retain talented employees (e.g., total benefits package) ¨ enhance workers’ financial security and health (e.g., paid vacation) ¨ increase productivity (e.g., Like vacation time.

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Fringe Benefits: What Are They and How Are They Helpful

HR Digest

As an employer one needs to understand what fringe benefits are. Fringe benefits are the additional compensation that companies offer to an employee, over and above the salary for doing a particular work. The importance of fringe benefits can be explained, simply put as a great motivators.

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Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

No one knows this better than HR professionals who often are tasked with recruitment, applicant tracking and onboarding. A comprehensive, well-rounded benefits package may make all the difference between keeping and losing a job candidate – or an existing hire. What does a comprehensive benefits package look like.

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11 Benefits of Paid Time Off (PTO)

Hppy

On the one hand, if you are the company owner, giving additional benefits for your employees during their vacation or separate sick days could be quite tedious and stressful. Other company owners offer less paid vacation leaves than paid sick leaves. As a result, employers will enjoy lesser financial liability.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employee benefits?

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How to deliver high-value workplace perks that employees love

Insperity

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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Designing An Employee Benefits Program

Vantage Circle

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?