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Fringe Benefits: What Are They and How Are They Helpful

HR Digest

These are some fringe benefits you generally must provide to your employees: Fringe benefits required by law The essential fringe benefits are intended to provide employees with medical care, help them in the event of job loss, and provide them with retirement income to sustain them during retirement.

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The importance of disability insurance

Higginbotham

Bureau of Labor Statistics, 33 percent of private industry workers have 15 to 19 days of paid vacation days after 10 years at the company. That may seem good if you want to go on a summer vacation, but it likely won’t cover a serious illness or injury. The FMLA doesn’t guarantee paid leave.

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What Are Employee Benefits?

Abel HR

The benefits vary, but employees agree they want better health insurance, work flexibility, and more leaves at work. In terms of leave, there’s the Family and Medical Leave Act (FMLA). However, it’s necessary to have leave, health, and retirement benefits to motivate employees to work longer in the company.

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Paid Leave Can Contribute to an Employer’s Bottom Line

AssuredPartners

{"ops":[{"insert":"The Tax Cuts and Jobs Act (TCJA), P.L. 115-97, signed into law at the end of December 2017 created a Federal Tax Credit for employers that provide paid family and medical leave to their employees in 2018 and 2019. The Credit for employers may total between 12.5% and 25% of the qualifying wages.

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What employees expect from benefits packages

Business Management Daily

Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medical insurance.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

6 Creative employee benefits ideas for 2023 Here are 6 best employee benefit ideas organizations must definitely consider: 1. In addition to traditional medical, dental, and vision plans, some organizations offer more specialized plans, such as mental health coverage, disability insurance, or telemedicine services.