article thumbnail

Disability insurance for business owners

Higginbotham

If you’re someone who’s familiar with the intensity of that commitment, have you considered what would happen to your business if you were unable to work due to a disability? In this article, we will explore the importance of disability insurance for business owners and how it can help protect your livelihood in times of need.

article thumbnail

Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

It is quite natural for us to focus on salary. Benefits such as life insurance or disability insurance can provide financial support to employees and their families in the event of unforeseen circumstances. Employee benefits are an important aspect of any job, but can be overlooked when thinking about changing roles.

Salary 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Big Difference Between Long-Term Care and Long-Term Disability Insurance

Corporate Synergies

It’s important to educate employees on how long-term care and long-term disability insurance differ from each other. So it stands to reason that there’s a resurgence of interest in long-term care and long-term disability insurance. Long-term Care Insurance. Long-term Disability Insurance.

article thumbnail

Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Developing an Employee Financial Wellness Program Employees typically look for competitive compensation, but a good salary alone isn’t necessarily enough to ease financial difficulties. According to the Education Data Initiative, 43.6 The IRS says employers can use education assistance programs to help pay workers’ student loans.

401(k) 52
article thumbnail

Total compensation package examples

Higginbotham

Employee compensation includes a lot more than just the base salary or hourly wage. The top two factors were, unsurprisingly, salaries and benefits: 67 percent cited salaries and 63 percent cited benefits as top factors. Salary may be the most important factor for many employees, but benefits come in at a very close second.

401(k) 52
article thumbnail

A Comprehensive Guide to Payroll Taxes Paid by Employers

Qandle

State Unemployment Insurance (SUI): Employers are generally required to pay into the state’s unemployment insurance fund, which provides financial support to eligible unemployed workers. A portion of the employee’s salary is withheld for this purpose. Employers must comply with these local tax requirements.

Taxes 52
article thumbnail

Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

These benefits are given to employees over their salaries and wages. These checkups are separate from the overall health insurance. Disability Insurance The employer pays the worker's salary if the worker becomes disabled or cannot work. Employees love benefits.