Benefit Resource Inc.

JANUARY 7, 2021

As an employer, you want your benefits package to be a one-stop-shop for your employees. Not only will a comprehensive benefits package keep your current employees happy, but it will help you attract new talent. We’re here to let you in on a secret to help you kick your benefits up a notch. Fill in the gaps.

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Benefits Package Comprehensive Benefits Deductions Deductible 40

Benefit Resource Inc.

APRIL 4, 2024

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. One often-overlooked gem in the world of benefits is the Health Savings Account (HSA).

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WEX Inc.

MAY 8, 2024

From the rising costs of healthcare and benefits packages to retaining and recruiting to helping employees understand their benefits to the ever-changing regulatory landscape, HR teams face many challenges that present obstacles to organizational success. It’s all about benefits choice and customization.

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Genesis HR Solutions

MARCH 31, 2022

In this article, we’re honing in on one of the most important aspects of working with a PEO—the tax perspective. Not realizing the importance of details related to finances, payroll, and taxes presents one of the biggest risks for growing companies. Certification affects the employment tax liabilities of both the CPEO and its clients.

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Business Management Daily

MAY 17, 2023

If your benefits package covers mental health You can encourage employees to take advantage of their mental health benefits. Employees aren’t going to read the plan’s summary plan description to get an idea of their benefits. But lots of things linger in its wake. More people are feeling lonely, stressed, and depressed.

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HR Digest

NOVEMBER 2, 2022

Like getting vaccinations at the hospital or paying your taxes. Reports on this matter show that many employers provide EAP benefits, but very few employees make the most out of it. While the benefits are imposing, the rate at which it is used is disappointing. However, these programs are not fully used by employees.

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Business Management Daily

APRIL 25, 2024

Let’s talk about the different types of fringe benefits and how employers can make the most of them. Taxable vs. Non-taxable Benefits are always tax-deductible, aren’t they? Employees can be taxed on some high-value benefits when they are considered part of the employee’s compensation package.

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Insperity

OCTOBER 10, 2023

Act of 2022 enables business leaders to: Deliver additional financial benefits to round out an organization’s compensation strategy Remain competitive in an increasingly dynamic labor market Win the war for talent In this blog, we’ll discuss: What the SECURE 2.0 It’s important to note that these are tax credits, not deductions.

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Employee Benefits

OCTOBER 25, 2023

Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. A good benefits package is the most important thing that 42% of employees look for in employment, according to June 2023 research by benefits provider Zest.

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Voluntary Benefits Benefits Package Benefit Providers Electronics 111

Employee Benefits

MAY 29, 2023

Employee benefits are an important aspect of any job, but can be overlooked when thinking about changing roles. Depending on those on offer, benefits can be just as valuable as a pay rise , and in some cases, even more valuable. So what constitutes a good employee benefits package? After all, we all need to make a living.

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Employee Benefits

APRIL 19, 2023

At first, benefits technology evolved with the aim of making reward more visible, and allowing for more effective communication. However, communication and presentation are becoming increasingly important when it comes to making sure to get the best out of benefits spend. Are there any tax or legal implications?

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InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

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WEX Inc.

AUGUST 23, 2023

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. It is not legal or tax advice.

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HR Digest

MAY 29, 2023

Some benefits are awarded to compensate employees for costs related to their work while others are geared to general job satisfaction. The importance of fringe benefits can be explained, simply put as a great motivators. Advantage of using fringe benefit is to help the employers to recruit, motivate, and keep high-quality people.

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Employee Benefits

SEPTEMBER 10, 2023

With the environment a core part of many organisations’ objectives, it can be a challenge to ensure that all business practices, including benefits, are maximising their opportunities to reduce carbon footprints. It’s part of our overall benefits package and really fits with our corporate goals.”

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Employee Benefits

NOVEMBER 20, 2023

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The TRS outlines what employee benefits have been on offer for the past 12 months. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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PeopleKeep

JUNE 17, 2022

Many employers find it challenging to provide a budget-friendly and attractive benefits package. Employers wanting to compete for top talent can offer section 125 plans as a fringe benefit to help attract and retain employees.

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Benefit Resource Inc.

FEBRUARY 7, 2024

Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses. Retirement Savings Challenges Employers have faced a dual challenge when it comes to retirement savings benefits.

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WEX Inc.

MAY 24, 2023

As Bri Boerner, senior operational writer, global talent development at WEX explained in the latest Benefits Buzz podcast episode, “It may seem like a barrier if they just see a term they don't understand. Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers.

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Higginbotham

AUGUST 19, 2022

On top of payroll and HR issues, employers also have to deal with taxes and an ever-growing maze of state and federal regulations. According to NAPEO, this often includes payroll, benefits, HR, tax administration and regulatory compliance assistance. We can help you develop an employee benefits package. Learn more.

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Insperity

OCTOBER 2, 2018

When federal tax reform happens, it makes headlines across all media, with the news of sweeping tax changes and how they impact businesses and individuals. Our nation’s first major tax reform in more than 30 years has spurred many business owners to spend hours with their CPAs and tax consultants over the past few months.

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PeopleKeep

MAY 18, 2022

While more traditional benefits like group health insurance and retirement plans are still great options for your employee benefits package , priorities for job candidates have changed. In recent years education benefits have become one of the most in-demand employee benefits options alongside wellness programs.

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CorpStrat

JULY 20, 2022

Here’s a quick hit list of issues that should be reviewed and addressed: Have you benchmarked your Employee Benefits package against companies of similar size in your industry? Is your benefits package competitive enough to attract and retain talent? Do you know who the fiduciary on your plan is?

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Higginbotham

JANUARY 12, 2024

These setups can often provide substantial tax benefits as well. Taxes: Withdrawals are not typically subject to income tax, and contributions may be tax-free as well. This can reduce the income taxes that employees owe. Employees typically do not owe taxes on the reimbursements.

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WEX Inc.

SEPTEMBER 7, 2023

Lack of understanding The concern: Some individuals may not fully comprehend how an FSA works and may be hesitant to enroll due to confusion or uncertainty about its benefits and limitations. Eligible expense scanner within our benefits mobile app. It is not legal, financial, or tax advice. Let’s take a look.

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Employee Benefits

JANUARY 20, 2023

Bupa Global and UK has launched a primary care health support package for its 15,000 frontline UK employees, working in Bupa care homes and dental practices. The MyHealthcare benefits package was launched as part of the health insurance provider’s global ambition to enhance health benefits for all of its employees.

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Take Home Pay Medical Benefits Package Health Insurance 105

Benefit Resource Inc.

FEBRUARY 21, 2024

HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs. This triple tax benefit not only stretches employees’ healthcare dollars further but also serves as a valuable financial planning tool.

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WEX Inc.

JUNE 5, 2023

A QSEHRA is a tax-advantaged benefits plan funded by the employer that employees can tap into to pay for eligible expenses. You and your employees both save money because your reimbursements of their expenses are tax-free. What are the challenges small businesses face with benefits? What is a QSEHRA?

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Employee Benefits

JANUARY 10, 2024

Credit: Ned Snowman / Shutterstock.com Mitsubishi UFJ Financial Group (MUFG) has enhanced its benefits for its working parents and those with caring responsibilities in the UK to drive diversity and inclusion within the organisation.

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Higginbotham

NOVEMBER 2, 2023

Financial wellness benefits can help employees tackle their money challenges. However, there are many types of personal financial wellness benefits, each catering to unique needs. When creating your organization’s financial wellness benefits package, consider the specific financial challenges impacting your employees.

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Insperity

JANUARY 27, 2022

What are fringe benefits? In common parlance, fringe benefits (a.k.a. perks or perquisites) are benefits you offer in addition to pay. The IRS’ Publication 15-B (2021) Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as “a form of pay for the performance of services.

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Higginbotham

JANUARY 27, 2023

Glassdoor surveyed workers and found that when choosing between a high-paying job and a low-paying job with better benefits, health insurance and flexible hours could spur them to pick the lower-paying job with better benefits. A benefits package can also boost your company’s bottom line by supporting a healthy workforce.

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HR Lineup

MAY 3, 2023

One of the key features of Rise is its benefits administration module. This feature allows employers to create customizable benefits packages for their employees. Employers can choose from a wide range of benefits, including health insurance, retirement plans, and wellness programs.

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HR Lineup

FEBRUARY 5, 2024

The software should be very effective to manage taxes and employee benefits. Designed for small and medium-sized businesses, OnPay streamlines payroll processes, tax calculations, and benefits management. Any business requires the best payroll software 2024 to manage its employees’ payroll.

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Employee Benefits

FEBRUARY 15, 2023

Strategic outsourcing and energy services business Mitie has tight margins, but still sees the importance of protecting and supporting front-line staff during difficult periods, meaning it has to focus on benefits that are affordable for the business, but make a real difference to employees.

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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. To many new Gen Z recruits, signing up for health insurance and actually using their benefits is a foreign concept. Most students in the U.S. Continuing education.

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WEX Inc.

OCTOBER 18, 2023

Open enrollment performance tracking is important to make sure you have a successful period, ensuring you're offering your employees the best possible benefits packages, and creating a better system for years to come. It is not legal or tax advice. The information in this blog post is for educational purposes only.

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