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Importance of Employee Benefits in the Workplace

HR Digest

There are many benefits of employment that a company can offer to the employees, and the more benefits there are, the better satisfaction there is for workers. These benefits are regulated by the state laws and these usually include: Unemployment Insurance . Family and Medical Leave . Disability Insurance .

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The importance of disability insurance

Higginbotham

Bureau of Labor Statistics, 33 percent of private industry workers have 15 to 19 days of paid vacation days after 10 years at the company. That may seem good if you want to go on a summer vacation, but it likely won’t cover a serious illness or injury. The FMLA doesn’t guarantee paid leave.

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What employees expect from benefits packages

Business Management Daily

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. 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.

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Designing a Remarkable Employee Perks Program that Fuels Success

Vantage Circle

Employees now want more than just salaries from their employers. Let’s glimpse at some of the factors that act as determinants while devising a perks program- The organizational structure. Health Insurance: Over 80% of employees over 42 want jobs that involve employer-provided healthcare ( Forbes Advisor ).

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The Laws Every HR Manager Needs to Know

Hppy

For example, in 2011, an Illinois employee was awarded $95 million because the employer did not manage the sexual harassment complaint properly. Another example is a case in which the plaintiff was awarded $18 million after the jury determined that the employer discriminated against them on the basis of national origin.