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Top 7 Employee Benefits and Incentives

Employee Benefits

Employee retention poses a complex challenge that goes beyond merely offering a competitive salary. The prominence of employee perks is on the rise, and as such, workers’ expectations are also climbing. The remaining amount is covered by employees from their post-tax salary.

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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. And for 75 percent, a good benefits package would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll. A matching 401(k) or pension. Use of a company car.

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Top Careers for HR Professionals to Pursue

HR Digest

Consultants can specialize in benefits, employee incentives, pensions, team building, company culture after mergers and acquisitions, outsourcing and even labor dispute settlements. The position is highly lucrative, and one can charge a retainership or a percentage of the salary.

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Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

In an ESOP plan, the employees own these stocks, which are sometimes turned into an individual retirement account. According to the Employee Ownership Foundation , an Employee Stock Ownership Plan (ESOP) is a tax-qualified retirement plan authorized and encouraged by federal tax and pension laws. How is ESOP Calculated?

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