PeopleStrategy

OCTOBER 3, 2023

As workforces nationwide continue to become more multigenerational, HR and benefits professionals have the unique task of tailoring employee benefits that meet an increasingly diverse range of wants and needs. Then, offer a menu of optional benefits that employees can choose from based on their individual preferences.

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Money Talk

AUGUST 18, 2022

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., health insurance) ¨ improve employee morale (e.g.,

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

Higginbotham

OCTOBER 14, 2022

To be competitive, it makes sense to offer employee benefits. Health Insurance for Small Business. Under the ACA, small employers with fewer than 50 full-time equivalent employees are not required to offer health insurance or subject to the employer shared responsibility provisions. Dental and Vision Insurance.

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

InterWest Insurance Services

JULY 20, 2022

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. If you can help them avoid amassing medical debt, and if they can get the most out of their benefits, you can increase worker satisfaction and retain key talent.

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Best Money Moves

NOVEMBER 30, 2021

A new year means new opportunities to improve your benefits packages and offer more support to your team. 2022 is right around the corner, and with it comes a new opportunity to update your benefits offerings to better serve your employees. . Here are five benefits trends we’ve identified as must-haves for 2022: 1.

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Family and Medical Leave Act Employee Benefits Paid Leave Benefits Package 105

Best Money Moves

AUGUST 18, 2021

Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefits package that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Accessible and comprehensive health benefits.

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Health Insurance Health Savings Account Insurance Benefits Package 111

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. In fact, you may be required by law to provide some of these benefits to employees. These funds do not roll over year after year.

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Best Money Moves

OCTOBER 13, 2023

Eighty-seven percent of employees consider health and wellness benefits when choosing an employer, according to a study by recruiting website Zippia. Adding wellness initiatives programs to your benefits package can provide your company an advantage in attracting talent over your competitors.

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Employee Wellness Flexible Spending Account Flexible Spending Benefits Package 106

Higginbotham

JANUARY 12, 2024

Reducing Stress: According to PwC, 60 percent of full-time employees are stressed about finances, including 47 percent of workers earning at least $100,000 a year. Note that rules vary by account type, so check with the IRS for details on your organization’s specific health account. Learn more.

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Vantage Circle

FEBRUARY 12, 2024

The right questions blueprint your people's benefits outlook, including satisfaction, pain points, and desired additions. This intel will shape offerings to reflect what your workforce wants most for their well-being, finances, and career. Questions probe the perceived value and desired improvements for new and potential benefits.

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Employee Benefits Family and Medical Leave Act Parental Leave Benefits Package 59

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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AssuredPartners

FEBRUARY 17, 2022

Annually, in the early summer , The Department of Labor (DOL) issues a new memorandum modifying the fringe benefit rate on contracts covered by the McNamara-O’Hara Service Contract Act (SCA). For better or worse, the fringe rate dictates what employers are able to spend on health and welfare benefits.

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

Empuls

APRIL 28, 2023

Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated. From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences.

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Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

Best Money Moves

AUGUST 18, 2021

Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefits package that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Accessible and comprehensive health benefits.

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Health Insurance Health Savings Account Insurance Benefits Package 64

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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Flimp Communications

JULY 24, 2020

Benefits decision support has come a long way since employees had to fill out endless forms while reading nearly inscrutable jargon explaining what their benefit options were. Health insurance is still difficult for employees to understand and use efficiently. Benefits Decision Support for Flexible Benefits Packages.

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Benefits Package Retirement Plan Healthcare Health Insurance 53

Higginbotham

APRIL 7, 2022

It’s generally accepted that people should have health insurance. Veterinary bills can be expensive, especially when unexpected accidents and illnesses are involved, and pet insurance can help cover the costs. Some pet owners buy coverage on their own, but pet insurance has also emerged as a popular employee benefit.

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Higginbotham

AUGUST 12, 2022

According to Gallup, pay and wellbeing are the top two issues, with 64 percent of workers saying they want a significant increase in income or benefits and 61 percent saying they want greater work-life balance and personal wellbeing. Benefits Can Boost Retention. The right benefits could help. Update your benefits as needed.

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Benefits Package Voluntary Benefits Employee Retention Pay Raise 52

Bayzat

APRIL 6, 2022

Health matters. Health insurance is a notoriously difficult area for HR teams, as they try to synchronise cost considerations with the evolving needs of staff. Since employees put health insurance at the top of their agenda, it must consequently be at the top of employers’ agendas. The result?

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cipHR

JULY 30, 2020

Financial literacy and education should be on the mind of every employer, and form a foundational part of organisations’ reward and benefits packages. Whichever route you choose, it’s vital that more organisations make finance an integral part of their employee wellbeing strategy. . Financial literacy training .

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Pension Salary Health Insurance Education 59

Vantage Circle

JULY 5, 2019

Employees are worried about their money and roughly half are stressed about their finances and have said that their retirement plans will not be enough to support them after retirement. Consider the 401K plan, which is also a financial benefit existing way before than other benefits that organizations opt for.

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Empuls

MAY 29, 2023

Employees less worried about their finances are likely to be more engaged and motivated at work, which can lead to better job performance and increased productivity. Cost-effective Offering instant loans can be relatively low-cost for employers compared to other employee benefits , such as health insurance or retirement plans.

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Business Management Daily

OCTOBER 31, 2023

This allows business owners to focus their time on the day-to-day employee relations and other operational needs like sales and finance. As a result, your employees get a better benefits package.

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Corporate Synergies

FEBRUARY 25, 2019

Multi-generational benefits can satisfy the demands of life’s various stages. They also help Finance with cost containment and HR with employee engagement. Employers and HR teams are managing employees (and a benefits strategy) for a workforce that stretches across three to five generations. As Seen In.

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Vantage Circle

JUNE 24, 2019

Conducting Surveys: Choosing benefits for your employees can be an uphill task and you have to be very specific while finalizing the benefits. The benefits package that you offer will be crucial in achieving the organization's targets and goals in the long run. Apart from these what more can you offer?

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Employee Benefits Benefits Package Paid Vacation Disability Insurance 45

Bayzat

JULY 14, 2023

In one of our surveys, 46% of workers said that the Covid-19 pandemic made them reappraise the value benefits on offer, with nearly two-thirds unhappy with their current benefits package. You can make your compensation scheme more attractive with a comprehensive benefits package.

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Payroll Benefits Package Technology Insurance 52

Vantage Circle

NOVEMBER 23, 2023

In an EBRI survey, it was found that the employee benefits package holds significant importance for job seekers, with 78% indicating that it greatly influences their decision to either accept or decline a job offer. These benefits provide employees with access to essential medical services. percent and 36.1

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Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

Bayzat

SEPTEMBER 26, 2023

Even if you lack a finance background, navigating the platform is a breeze, thanks to its user-friendly design. Benefits Administration Manage employee benefits seamlessly with BambooHR. Employees can access their benefit information conveniently, fostering satisfaction and retention.

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Vantage Circle

AUGUST 23, 2018

Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. So, what non-monetary benefits can you provide to retain these employees? Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance. Lowers Absenteeism.

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Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Insperity

FEBRUARY 13, 2018

When an employee is worried, unproductive and can’t afford to participate in group activities and outings because of finances, it not only affects the person but the team as a whole. Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from.

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401(k) Disability Insurance Flexible Spending Account Deductions 72

SnackNation

MAY 11, 2018

Employee well-being programs have been shown to reduce turnover, and since benefits packages are a huge factor in today’s marketplace it stands to reason that beneficial health initiatives also improve your employer brand, even if your employees don’t participate. General health.

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401(k) Insurance Benefits Package Health Insurance 42

Vantage Circle

AUGUST 23, 2018

Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises. So, what non-monetary benefits can you provide to retain these employees? Below listed are some employee benefits ideas that you can provide to your employees-. Health Insurance. Lowers Absenteeism.

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Employee Benefits Parental Leave Paid Sick Leave Benefits Package 45