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Importance of Employee Benefit Package And Why it Matters

HR Digest

Employee benefits have become an essential part of any competitive compensation package. From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. What do you want to achieve with the employee benefit package 2. Health insurance 2.

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Comprehensive Guide on Maternity Leave Laws by State

HR Digest

State Paid Leave Programs Several states have implemented paid family and medical leave programs that cover various reasons, including bonding with a new child, caring for a family member with a serious health condition, and addressing the employee’s own serious health condition.

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5 Strategies for Recruiting in a Post-Pandemic World

Vantage Circle

Long term disability insurance. Short term disability insurance. Have higher levels of employee engagement. Have higher employee retention. Commuting/travel assistance. Retirement benefits or accounts. Healthcare spending or reimbursement accounts, such as HSAs, FSAs, and HRAs.

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

It's no secret that employee benefits are an excellent employee retention strategy. In fact, 51% of employers said that the use of benefits as a retention tool would become even more important in the next 3 to 5 years. What exactly is a taxable benefit, and are they legally required? Are taxable benefits good or bad?

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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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5 Things to do When Facing a High Employee Turnover

Hppy

Here are a few things you can do to improve your employee retention rate. . Your hiring processes can determine whether employees will stay and grow within your company or will alight at the first stop. . A key reason why employees leave is a skills mismatch. Find the Right Match. Demonstrate Appreciation.

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What to Include in an Employee Handbook

Patriot Software

Providing benefits can improve engagement and employee retention. List small business employee benefits in your handbook so employees know and understand what benefits are available to them. You should have rules in place to fairly discipline employees. Benefits policy. Discipline.

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