article thumbnail

Total compensation package examples

Higginbotham

Employee compensation includes a lot more than just the base salary or hourly wage. Bonuses and commissions can give annual earnings a significant boost, and various benefits can also have a major impact on your employees’ finances and wellbeing. When discussing compensation, it’s important to look at the big picture.

401(k) 52
article thumbnail

How to conduct a compensation and benefits review

Higginbotham

Health insurance. Other insurance types/voluntary insurance (vision insurance, dental insurance, critical illness insurance, long-term care insurance, life insurance, disability insurance, pet insurance, etc.). Retirement plans. Mental health support.

article thumbnail

What does PEO stand for in HR?

HR Lineup

These services include HR consulting, payroll processing and tax filing, employeescompensation insurance, safety, and risk management services, hiring across various jurisdictions, retirement vehicles, and more. Here are some of the employee benefits your business will enjoy when they partner with a PEO. Life insurance.