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Importance of Employee Benefit Package And Why it Matters

HR Digest

Health insurance 2. Pension or retirement savings plan 3. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Disability insurance Looking at these results, it’s clear that financial security is a major driver of employee benefit choices.

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Employee Benefits: Types, Cost & Examples

HR Digest

But the more you know about the types of employee benefits offered by your employer, the better equipped you’ll be to make informed decisions about health care, retirement plans, and other important financial matters. Employee benefits are an important part of a company’s recruiting and retention strategy.

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16+ types of employee benefits you should consider

Genesis HR Solutions

While you know recruiting and retention is important, you may not be sure if the benefits you offer are a selling point to your potential employees. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

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Employee benefits for small businesses

Higginbotham

Employee benefits for small businesses can support many goals, including retention, recruitment, engagement, workplace culture and even the company’s bottom line. Depending on the number of your employees and the diversity of their needs, you may decide to offer a single plan option or to provide two or more plans for them to choose from.

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How Non-Medical and Niche Employee Benefits Promote Productivity

Flimp Communications

But slowly, more companies are realizing they can save money by offering perks like pet insurance and gym memberships. The cost of recruiting and onboarding new employees too often can sink a business fast. So, medical, life and disability insurance and retirement plans. Niche benefits matter.

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Attracting top talent in a competitive job market

Insperity

Many companies provide a basic benefits package that may offer employees access to things like: Health insurance. Dental insurance. Vision insurance. Life insurance. Disability insurance. Retirement plan. For example: Can your company match employee contributions to retirement plans?

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Total compensation package examples

Higginbotham

Retirement Plans. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). A total compensation package can include a number of different items, such as: Base Salary or Annual Wages. Commissions.

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