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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. Disability Insurance . There are also other workplace benefits such as health insurance, paid vacation, life insurance, and retirement benefits.

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

As an employer, you must have considered providing your employees with some extra benefits besides their regular wages. In fact, 51% of employers said that the use of benefits as a retention tool would become even more important in the next 3 to 5 years. Paid vacation. Health club memberships. Transit passes.

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How to Surprise Employees on Christmas & New Year?

Empuls

The employer should mull over this point and make it a part of the company culture. This festive season is a perfect time for employers to cheer up their employees and reward them. Unexpected new year bonus A large number of employers provide year-end bonuses to their employees. Appreciation should be shown as and when deserved.

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The importance of disability insurance

Higginbotham

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. If you had a one-in-four chance of needing expensive surgery, you’d want good health insurance. You might not have any paid time off, but even if you have some, it’s probably not enough to cover a disability.

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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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Why Employee Perks Can Help Your Company Win?

Vantage Circle

Chamber of Commerce Foundation Foundation found that "more than half of millennials (56%) agreed that a quality benefits package influences their choice of employers, and 63% say that benefits are an important reason for staying with an employer." Here are a few of the other statistics to state the importance of employee perks.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

According to Glassdoor's 2015 Employment Confidence Survey : 60% of people report that benefits & perks are a major factor in considering whether to accept a job offer. You want your employee benefits package to include at least some of these popular fringe benefits : Health insurance. Life insurance.

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