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. Get the latest benefits trends!

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Life Insurance Insurance 98

Employee Benefits

AUGUST 7, 2024

Credit: Hyejin Kang/Shutterstock Need to know: Employers should start planning now for the P11D changes to the reporting and paying of tax and Class 1A national insurance contributions (NICs) on benefits in kind, to ensure a smooth transition to the new system in April 2026.

Payroll System 59

Payroll System Taxes Payroll Take Home Pay 59

Insperity

OCTOBER 10, 2023

This enables workers to pay taxes up front on the funds they contribute, and then grow and withdraw these larger funds at a later date tax free. Starting in 2023, if a retirement plan allows for it, employees can elect for their employer match to receive Roth tax treatment. Annual contributions will be limited to $2,500.

401(k) 115

401(k) Retirement Plan Taxes Benefits Package 115

HR Digest

MAY 29, 2023

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. Fringe Benefits Defined Fringe benefits are perks or extra compensation over and above regular salary.

Family and Medical Leave Act 98

Family and Medical Leave Act Paid Vacation Health Insurance Benefits Package 98

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.

Taxes 72

Taxes 401(k) Payroll Professional Employer Organization 72

Money Talk

AUGUST 18, 2022

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.,

Family and Medical Leave Act 186

Family and Medical Leave Act Employee Benefits Paid Vacation Paid Sick Leave 186

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 is not legal or tax advice.

Health Savings Account 52

Health Savings Account Benefits Package Healthcare Voluntary Benefits 52

Employee Benefits

JANUARY 30, 2023

Employers should consider whether they are offering benefits to be viewed as an attractive place to work or because they genuinely want what is best for their staff. If an employer cannot justify what a benefit does to recruit, retain or engage staff, or support its culture, then it is worth considering why it has it in place.

Employment 111

Employment Benefits Package Education Salary 111

Flimp Communications

NOVEMBER 1, 2019

Recruitment and retention are becoming extremely important in all industries. You want to ensure they’re comfortable, content and fulfilled in their position with the help of company perks, benefits and a work-life balance mindset. Offer counseling services in your employee benefits, regardless of the industry.

Recruitment 66

Recruitment Employment PTO Benefits Package 66

Higginbotham

JANUARY 27, 2023

When it comes to talent recruitment and retention, small companies are up against larger companies. However, employee recruitment and retention aren’t the only reasons to offer health insurance. However, employee recruitment and retention aren’t the only reasons to offer health insurance.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 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.

Education 88

Education 401(k) Deductions Deductible 88

WEX Inc.

JUNE 5, 2023

Offering a QSEHRA lets you deliver healthcare savings for your employees, which could pay off as a retention and recruitment tool as you grow your business. A QSEHRA is a tax-advantaged benefits plan funded by the employer that employees can tap into to pay for eligible expenses. It is not legal or tax advice.

Health Insurance 94

Health Insurance Healthcare Taxes Insurance 94

HR Lineup

SEPTEMBER 24, 2024

Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. Recruitment and Hiring Recruitment marks the starting point of the HTR process. These stages include: 1.

Retirement Plan 81

Retirement Plan Recruitment Technology Salary 81

HR Lineup

DECEMBER 4, 2023

The platform covers the entire employee lifecycle, from recruitment to retirement, fostering a holistic and efficient approach to workforce management. The platform automates payroll processes, ensuring accuracy and compliance with tax regulations. One standout feature of Namely is its robust payroll management system.

Payroll 52

Payroll Retirement Plan Human Resources Health Insurance 52

Employee Benefits

MARCH 11, 2024

The Early Education and Childcare Coalition and the University of Leeds’ November 2023 study Retention and return: delivering the expansion of early years entitlement in England revealed that 35% of nursery managers said they would limit the number of places they offered unless there was more government support to retain and recruit staff.

Employment 112

Employment Parental Leave Education Recruitment 112

Employee Benefits

JULY 31, 2024

The contents and composition of a total reward statement will vary from organisation to organisation, but they will typically include sections covering the different areas of the overall benefits package, such as salary and bonuses, pension, insurance provision, benefits, allowances such as company car allowance, and employee discounts.

Pension 59

Pension Salary Benefits Package Taxes 59

Higginbotham

JANUARY 12, 2024

These setups can often provide substantial tax benefits as well. Health accounts can provide advantages to both the employer and the employee, including the following: Flexibility: It’s hard to find employee benefits that fit everyone’s needs. This can reduce the income taxes that employees owe.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductible Deductions 52

Employee Benefits

FEBRUARY 26, 2024

Recruiting fresh talent is expensive, eating into business profits. Employee turnover 64% of employers consider the cost of recruiting fresh skills to be a considerable financial risk over the next two years. When you use a recruitment agency to find new talent, you can expect to pay between £10,000 and £12,000 in fees each time.

Employee Retention 111

Employee Retention Bonuses Recruitment Taxes 111

Higginbotham

OCTOBER 13, 2023

especially as employers look at options beyond standard benefits packages to help improve recruitment, retention and turnover. Both types of accounts allow employees to use funds without paying taxes on the money, as long as certain rules are met. Lifestyle Spending Accounts can support retention and recruitment.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

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.

Payroll Software 52

Payroll Software Payroll Software Online Payroll 52

WEX Inc.

JANUARY 11, 2023

Human resources professionals are skilled leaders in a number of areas within a business, including benefits administration, employee training, development, relations, recruitment, and compensation. They’re improving employee wellness , boosting their employee benefits packages, and offering flexible work arrangements.

Insurance Carriers 52

Insurance Carriers Human Resources Taxes Benefits Package 52

Global People Strategist

FEBRUARY 5, 2023

With companies worldwide offering innovative, cutting-edge benefits packages to their employees, knowing where exactly Canada holds the most desirable job perks can take time. Well, that’s why we’re here today; a head-to-head comparison of the Canadian public and private sector employee benefits.

Employee Benefits 59

Employee Benefits Benefits Package Salary Recruitment 59

Employee Benefits

JANUARY 18, 2024

Employee benefits are a sustainable alternative or addition – especially when they’re cost-neutral. An employee benefits package that enhances financial wellbeing is an affordable way to offer impactful support and can have the same impact on your employees as an increase in pay! Increasing cost of doing business.

Employee Benefits 52

Employee Benefits Deductions Deductible Salary 52

Higginbotham

NOVEMBER 28, 2022

It can be funded on a pre-tax basis, and the owner can use the untaxed funds for qualified medical expenses. If you use HSA money for non-qualified expenses before you turn 65, you will have to pay federal income tax plus a 20 percent penalty. What are the benefits of having an HSA? There are significant tax advantages.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

HR Lineup

SEPTEMBER 1, 2021

The software should be very effective to manage taxes and employee benefits. ADP offers benefits advisory services to help management make the best decisions about what benefits package to offer employees. Any business requires the best payroll software 2021 to manage its employees’ payroll. Quickbooks Payroll.

Payroll Software 76

Payroll Software Payroll Software Human Resources 76

Qandle

AUGUST 22, 2024

HR software refers to digital solutions designed to manage various human resource functions, such as recruitment, employee data management, payroll, and benefits administration. Applicant Tracking Systems (ATS) Our specialized tools are designed to optimize recruitment and hiring processes, making it easier to attract top talent.

Software 79

Software Payroll Software Payroll Human Resources 79

Fringe Benefit Analysts

MAY 8, 2022

As many employers and businesses are aware, employee benefits packages are very important considerations for candidates when they are being scouted by recruiters. Of course, in the end, a credible CPA is always the best resource when it comes to tax planning. Select the Best Plans for An Employer.

Consulting 52

Consulting Employee Benefits Benefits Package Health Insurance 52

Higginbotham

AUGUST 15, 2023

As employers look for new additions to their standard benefits package in order to attract top workers, they usually focus on common pain points. Commuting to and from work each day eats up both time and money, making a commuter benefits program an attractive perk. What are commuter benefits?

Transportation 52

Transportation Benefits Package Taxes Deductible 52

Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction. Wondering what kind of benefits are offered to employees in the UK? Tax relief is also added to the pension as a contribution from the government.

Employee Benefits 40

Employee Benefits Pension Mandatory Benefits Benefits Package 40

Higginbotham

OCTOBER 5, 2023

In this article, we will explore a range of innovative employee benefits that can help companies attract and retain the best talent in their industries. Competitive advantage can also come from creativity in putting together a benefits package. But, to offer more, it is not always necessary to spend more.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Employee Benefits

FEBRUARY 7, 2024

There are multiple ways to communicate a strategy, such as a total reward statement and personalised notifications from benefits platforms based on employees’ needs. In order to offer benefits that will appeal to their entire workforce, employers need to understand their employees and use insights to shape their total reward strategy.

Benefits Package 59

Benefits Package Pension Government Media 59

Higginbotham

MARCH 2, 2023

Eligibility for Social Security Disability Insurance benefits is based on work history and payment of payroll taxes. Employers must also participate in the Social Security program via payroll taxes. A benefits package that includes private disability insurance can support your employee recruitment and retention strategies.

Disability Insurance 52

Disability Insurance Workers’ Compensation Insurance Benefits Package 52

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.

Family and Medical Leave Act 40

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

Employee Benefits

OCTOBER 4, 2023

Centrica, meanwhile, reviewed its benefits package to ensure that it is fit for purpose during the cost-of-living crisis and unprecedented times of change. It also offers a bikes-for-work and electric vehicle salary sacrifice scheme which offer tax and national insurance savings. “We

Pension 59

Pension Benefit Providers Salary Benefits Package 59

Higginbotham

AUGUST 10, 2023

By the 1990s, leading employers were including in their employee benefits packages programs for alcohol addiction, smoking cessation and other programs focusing on improved employee wellness through lifestyle changes. These are two huge opportunities for a business to stand apart from the crowd when recruiting.

Health Insurance 52

Health Insurance Employee Wellness Insurance Benefits Package 52

Benefit Resource Inc.

SEPTEMBER 29, 2022

Benefits of an HRA VEBA. First and foremost, it helps recruit and retain top talent. When potential employees are considering job offers, they often weigh the benefits package as one of the deciding factors. As you can see, there are many benefits of an HRA VEBA for employers.

Benefits Package 40

Benefits Package Health Insurance Medical Health 40

HR Lineup

OCTOBER 5, 2023

Oyster helps businesses hire and manage employees worldwide while ensuring compliance with local labor laws and tax regulations. It offers tools for recruiting, onboarding, performance management, and employee self-service. It offers payroll processing, benefits management, time tracking, and compliance management.

Software 52

Software Payroll Software Payroll Global Payroll 52