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How Non-Medical and Niche Employee Benefits Promote Productivity

Flimp Communications

The main difference between perks and benefits is that benefits take care of basic needs and usually require a formal opt-in from employees. Some common non-medical benefits include, paid family leave, life insurance, short- and long-term disability insurance, commuter benefits programs and wellness programs.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

These include insurance for losses from accidents, disability, sudden death, dismemberment. Disability Insurance. The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. Short-term covers for the employee for up to 6 months while long-term covers a worker’s lifetime’s salary.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

These include insurance for losses from accidents, disability, sudden death, dismemberment. Disability Insurance. The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. Short-term covers for the employee for up to 6 months while long-term covers a worker’s lifetime’s salary.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Improved Employee Retention: A robust employee benefits platform can improve employee retention by offering comprehensive benefits packages. However, the packages should meet the needs and expectations of employees. This can help employees maintain a healthy work-life balance and improve their well-being.