Remove Disability Insurance Remove Health Savings Account Remove PTO Remove Retirement Plan
article thumbnail

What employees expect from benefits packages

Business Management Daily

Employee benefits plans commonly include worker’s compensation and disability insurance to ensure a sick or injured employee receives at least a portion of his regular pay until able to return to work. Rather, their employee benefits package puts them together under PTO (paid time off). Retirement plans.

article thumbnail

What is a total compensation statement & how does it provide value?

Genesis HR Solutions

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Workers’ Compensation insurance. Health, dental, and vision insurance. Unemployment tax.

401(k) 40
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). Choosing a high-deductible plan may help you pay less in premiums, but requires your employees to cover more of their costs out of pocket. These required benefits may include: Social Security.

Banking 51
article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

article thumbnail

10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more. For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs.