article thumbnail

The importance of disability insurance

Higginbotham

It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance. Why is disability coverage important? If you had a one-in-four chance of losing your house to a flood , you’d probably want to protect it with flood insurance. The FMLA doesn’t guarantee paid leave.

article thumbnail

Exploring Medical Leave Laws in America: What You Need to Know

HR Digest

One option is to explore short-term disability insurance, which provides benefits for a limited time period to cover the loss of income due to illness or injury. Many European countries also offer paid parental leave and paid sick leave.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Importance of Employee Benefits in the Workplace

HR Digest

These benefits are regulated by the state laws and these usually include: Unemployment Insurance . Disability Insurance . There are also other workplace benefits such as health insurance, paid vacation, life insurance, and retirement benefits. Family and Medical Leave . Social Security .

article thumbnail

Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

Paid vacation. Group life insurance premiums provided to employees over $50,000. Group-term life insurance coverage. Some examples are retirement benefits, child care, health insurance, employee rewards, disability insurance, etc. Which Benefits Are Considered Taxable? Health club memberships.

article thumbnail

How to deliver high-value workplace perks that employees love

Insperity

These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirement plan Disability insurance Life insurance Workers’ compensation Unemployment insurance.

401(k) 97
article thumbnail

What employees expect from benefits packages

Business Management Daily

Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. Dental insurance and vision insurance.

article thumbnail

10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

You want your employee benefits package to include at least some of these popular fringe benefits : Health insurance. Life insurance. Disability insurance. Paid Time Off (PTO). ." Long story short, fringe benefits are taxable employee benefits and must be included in the recipient's pay. Commuter benefits.

PTO 105