Employee Benefit News

NOVEMBER 2, 2023

By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.

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Money Talk

JANUARY 4, 2024

Employer Match- This is money contributed to employees’ retirement savings accounts to match what they save. Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax.

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Money Talk

JUNE 22, 2023

Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary Use- Beneficiary designations are required for life insurance policies, individual retirement accounts (IRAs), employer retirement savings plans (e.g.,

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Griffin Benefits

FEBRUARY 3, 2023

What’s more, multinational employers need to devote sufficient management time and due diligence efforts to ensure that benefits are appropriately designed and cost-effectively delivered. Private medical, dental, and life insurance averages less than $1,500 (U.S.) annually per employee in Mexico.1

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Employee Benefits

JUNE 20, 2023

Becoming a living wage accredited employer is a further demonstration of that same commitment to fairness.” The post St Petrocs accredited as living wage employer appeared first on Employee Benefits.

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Employee Benefits

MARCH 4, 2024

Employers will need to review policies for employees who previously opted out of the pension scheme because they may have been close to the lifetime allowance. Simple as it sounds, this final act of abolishing the allowance has wide-ranging ramifications for employers.

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Vantage Circle

SEPTEMBER 23, 2023

Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” In the dynamic arena of modern employment, employee benefits aren’t just perks; they are essential components of a thriving organization. These checkups are separate from the overall health insurance.

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Business Management Daily

SEPTEMBER 22, 2021

Some employers start as early as September. Most employees elect coverage through their employer, but some may be eligible for marketplace coverage as well. Most employers have an open enrollment period of at least 2 to 4 weeks. The post Open enrollment checklist for employers appeared first on Business Management Daily.

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Global People Strategist

FEBRUARY 16, 2022

Innovation, equality, and sustainable business practices are just a few reasons why Sweden has become one of the most appealing countries for employment all over the world. Employment Benefits in Sweden. From day 1 to day 14, the employer pays the sick days at 80% of the employee’s total salary. Employer’s Contributions.

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WEX Inc.

AUGUST 23, 2023

And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. I think employers are the ones best suited to offer up a menu of benefits options that can help employees and meet them where they’re at from a benefits needs standpoint.”

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Insperity

JANUARY 27, 2022

It’s one more way to signal that you’re an employer of choice. Job hunters typically compare fringe benefits their target companies offer – they’re an important factor in choosing an employer. At the same time, current employees may compare your offerings against a prospective new employer. What mistakes do employers make?

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Money Talk

SEPTEMBER 17, 2022

joint ownership with right of survivorship) or beneficiary designations on contracts such as life insurance policies, individual retirement accounts (IRAs), and tax-deferred employer retirement savings plans always take precedence over the terms of a will. bank and investment accounts), collectibles, and life insurance.

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Employee Benefits

MAY 8, 2024

The employer has also introduced the policy in order to increase employee satisfaction and improve retention rates, as well as demonstrates the group’s commitment to equality and employee wellbeing.

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HR Digest

APRIL 23, 2022

If you have started a new job recently, you may wonder why an employer is holding the first paycheck. Why do employers hold the first paycheck? Many employers hold the first paycheck, and this is a common situation in many companies. You should know that an employer does not have a legal right to hold your paycheck.

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InterWest Insurance Services

APRIL 11, 2024

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis found that this combination of group health and wellness programs boosted overall ROI for employers.

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Employee Benefits

JULY 11, 2023

Flexible Work Arrangements A healthy work-life balance is crucial for both employers and employees. The cost for employers to enable remote work is usually a provision of up to £30 per employee. Yet, many employers voluntarily enhance this minimum benefit by adding contractual sick pay perks.

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Best Money Moves

FEBRUARY 12, 2019

Reduce financial stress with this type of insurance. Research by Life Happens shows most Americans with life insurance experience less financial stress knowing their family is financially protected. How Life Insurance Reduces Financial Stress. Through life insurance.

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WEX Inc.

OCTOBER 5, 2023

Here are some prime examples: Supplemental life insurance : This benefit allows you to bolster your life insurance coverage, ensuring your loved ones are well taken care of in case of the unexpected. They can genuinely improve your quality of life. Voluntary benefits are typically tied to your current employer.

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Employee Benefits

MAY 29, 2023

Employer and employee contributions of 4%, matched up to 5%. Life insurance. Healthcare and wellbeing Private medical insurance (PMI) scheme, employer-funded for all employees. Employee assistance programme, employer-funded for all employees. Employee assistance programme, employer-funded for all employees.

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Money Talk

SEPTEMBER 1, 2021

. ¨ Loss of a Job - Employers are starting to wield “sticks” instead of dangle “carrots” to get their workforce vaccinated. Some unvaccinated workers may lose their jobs as employers announce “zero-tolerance” mandatory vaccination policies in conjunction with a required return to workplaces. Unlike "lifestyle" factors (e.g.,

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Employee Benefits

OCTOBER 11, 2023

It provides access to a healthcare cash plan , an employee assistance programme and life insurance for up to three people. Additional voluntary benefits include private medical insurance, payroll giving, bikes-for-work, critical illness cover, a cash plan upgrade options and the choice of two pension schemes.

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Employee Benefits

FEBRUARY 6, 2022

Rather than simply throw money at the problem, employers are looking at how they use benefits to enhance the employee experience. Where it used to be acceptable to say this is the benefits package and simply match the market, employers are now much more likely to ask employees what they want,” she says. It’s a much broader piece.”.

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Employee Benefits

FEBRUARY 21, 2023

The key is creating a diverse package that meets the needs of your workforce at whatever age or stage of life they are at. But don’t just rush in, throwing out free food, life insurance and beer taps without understanding what will most motivate your employees. Do your research and you’ll reap the rewards.

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Employee Benefits

JUNE 28, 2023

Employee contribution 5% and employer contribution 3%. Personal trainer and Yoga sessions, every week in worktime, employer paid. Life insurance. Private medical insurance for senior leadership scheme, employer paid. Family friendly and work-life balance Flexibility when home working. Birthdays off.

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Employer Connection

APRIL 9, 2024

The easy-to-use, intuitive tool is offered at no additional cost to covered employees via their employer-sponsored plan. and Trustmark Life Insurance Company. Via Healthcare Bluebook, green, yellow and red color signs will help guide covered employees to the right care.

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WEX Inc.

SEPTEMBER 12, 2023

Funds you or your employer contribute to your HSA can help with this. FSAs are employer-owned, meaning you may lose the funds if you change job or health plans. LSAs are becoming more popular as employers recognize the importance of holistic well-being. Assess your ability to cover the deductible before choosing this plan.

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Employee Benefits

MARCH 6, 2024

But, when budgets are tight, employers must get creative to ensure staff on minimum pay rates are happy and motivated. Recent trends in pay suggest that both employers and employees are struggling to make ends meet. Bonuses are another option for employers with tight pay budgets. Reward must be fair and competitive,” he says.

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Employee Benefits

JANUARY 12, 2024

When asked what employers could offer that would be of most use to those working past state pension age, 45% said income protection, followed by critical illness cover (39%), life insurance (38%) and a rehabilitation service that helps an employee get back into work after a serious illness (24%).

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InterWest Insurance Services

FEBRUARY 20, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. The employer can also contribute to its employees’ HSAs to encourage participation.

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HR Digest

FEBRUARY 10, 2023

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. We’ll also discuss how much these employee benefits costs employers and businesses alike.

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Employee Benefits

MAY 3, 2023

Metro Bank also recognises divorce and separation as a life event from a benefits perspective. This means that employees can make changes, for example removing their ex-partner from their benefits or changing their life insurance , when they are going through separation rather than wait for the annual benefits window.

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Employee Benefits

SEPTEMBER 28, 2023

Just 12% of roles posted online listed health-related perks such as private healthcare, wellbeing perks or life insurance as part of an employment package, according to research by Plasma by Medichecks. Workers are calling on their employers to offer up rewards that actually make a difference.”

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Employee Benefits

OCTOBER 19, 2023

Craig Thomas, executive director at Cummins Engine Company, said: “Educating ourselves and others about the impact of menopause on women’s health and wellbeing is a crucial step for employers to ensure women are fully supported and empowered in the workplace.

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Business Management Daily

MARCH 1, 2022

Employment classifications can be troubling territory. The FLSA establishes federal minimum wage, overtime pay requirements, employer recordkeeping standards, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Exempt workers aren’t entitled to overtime pay.

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Employer Connection

NOVEMBER 30, 2023

There are no additional costs for employers. This email will be sent to employers later today and their employees tomorrow. and Trustmark Life Insurance Company. What’s more, the enrollment fee of $28 will be waived for employees who enroll in the standard gym membership between Dec. 1, 2023, and Feb.

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Best Money Moves

NOVEMBER 1, 2023

More than 40% of employees do not feel adequately informed about the programs their employers offer, according to a Financial Health Network poll. Overly complex benefits intimidate employees : Important benefits such as private health care, retirement or life insurance often feel too complex for employees to tackle.

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AssuredPartners

SEPTEMBER 19, 2023

Over the past several years, we’ve seen unprecedented medical inflation, causing many employers to ask how to control benefit costs and increase productivity. employers seem to be running out of options. Life insurance has done this for years. If an employee is a smoker or overweight, they pay more.

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