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5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. Illustrate how pre-tax contributions lead to significant savings over time, effectively reducing the impact on take-home pay. It is not legal, financial, or tax advice. Download now!

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Bupa Global and UK introduces health benefits for 15,000 frontline staff

Employee Benefits

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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What is a section 125 plan?

PeopleKeep

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. Check out our complete guide to fringe benefits to learn more about various employee benefits.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

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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Cost of living crisis: 7 ways employers can support employees

cipHR

Financial literacy and education should be on the mind of every employer, and form a foundational part of organisations’ reward and benefits packages. From 6 April 2022 , the rise in national insurance (NI) contributions means the average worker will see their take-home pay fall by around £250 each year.

Pension 40
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Help Your Employees Maximize Their Benefits

Insperity

Plan administrators should provide easy to understand handouts that explain the various benefit packages, and encourage employees to pose any questions they may have prior to the enrollment period. Have HR personnel explain how elective benefits would impact a worker’s take-home pay.

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9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. Tax savings for employers.