article thumbnail

Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

An employer can provide short-term disability or long-term disability insurance, depending on the employee's needs. Life Insurance Life insurance is another benefit that is an essential part of the benefits package. It shows that the organization cares about the welfare of its employees and their families.

article thumbnail

What Are Fringe Benefits and Are They Taxable?

HR Digest

Paid time off (PTO) , travel reimbursement, tuition reimbursement, menstrual leave, and childcare assistance are some common types of fringe benefits. Some businesses offer sabbatical options to long-term employees, or flexible schedules and education assistance, just to name a few. Can Employers Deduct Fringe Benefits?

401(k) 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

Some of these decisions, such as foregoing healthcare, disability, and life insurance, could prove catastrophic. Discuss short- and long-term disability insurance, when it applies, and how to use it. Any of these circumstances can deter employees from investing in benefits. Be sure to clarify any other employee benefits as well.

401(k) 55
article thumbnail

The secret to having a comprehensive benefits package

Benefit Resource Inc.

Work-life balance & wellness. According to this study by Gartner , employees now prioritize having a work-life balance over all other benefits offerings. Ensure your PTO package provides adequate time off (vacation and leave), is flexible in nature, and lets them work from home when they need to.

article thumbnail

Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

Developing a standard interview process will help you stay consistent with your recruiting efforts, so be sure to educate your HR team on your preferences. While you don’t want to skimp on salaries, other attractive forms of compensation include stock options, retirement plans, PTO, and regular bonuses. Interviews.

Salary 105
article thumbnail

Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

  Paid time off : Generous PTO policies for vacation, sick leave, and personal days allow employees to recharge, manage personal responsibilities, and maintain a healthy work-life balance.    Retirement savings plans : Employer-sponsored retirement plans with matching contributions are highly valued.

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.