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What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.

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Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

To overcome this challenge, you need to do everything you can to make your company stand out in ways that your competition simply can’t match; offering a comprehensive benefits package is one of the best ways to reach that goal. benefits are becoming an increasingly important factor for individuals evaluating job offers.

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Identify Your Workers’ Needs, Consider Costs before Open Enrollment

InterWest Insurance Services

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.

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Benefit Elect

HR Lineup

At its core, Benefit Elect aims to revolutionize the way organizations handle their employee benefits. With its intuitive and easy-to-use platform, employers can efficiently manage their benefits packages, saving time and effort. One of the key features of Benefit Elect is its robust benefits enrollment system.

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How to leverage a Lifestyle Spending Account in your benefits strategy

Higginbotham

Alternatively, the employer may provide a special debit card that the employee can use to access the account. According to the Society for Human Resource Management (SHRM), Lifestyle Spending Accounts are more common in Canada, but they’re starting to receive attention in the U.S.,

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The future of benefits: Adapting to changing employee expectations

Higginbotham

Older workers will be looking for robust health coverage and flexible retirement plans. Providing a range of options allows employees to tailor their benefits packages to match their individual preferences and circumstances. Emphasize Mental Health Benefits Mental health issues were once a taboo topic in the workplace.

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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

But, to offer more, it is not always necessary to spend more. Competitive advantage can also come from creativity in putting together a benefits package. Investing in your employees’ personal and professional development not only benefits them, but it also sharpens the competitive edge of the business.