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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

In today’s increasingly competitive job market, offering a basic health insurance package is no longer enough to attract and retain top talent. The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirement plan thrown in.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. So the question is how to design an employee benefit plan, and for that one needs to consider a variety of factors, such as: 1. Health care flexible spending accounts 3.

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Maximizing Health Savings and Financial Flexibility through a Well-Designed Benefits Package

Benefit Resource Inc.

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.

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New HSA, FSA, 401(k) Contribution Levels Set

InterWest Insurance Services

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. Retirement plan maximums.

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Reconsidering your employee benefits priorities

Health Consultants Group

Flexible work options. Employees still want traditional options such as retirement plans, educational assistance, and health insurance. However, by implementing a Cafeteria Plan, you can also allow employees to select the additional benefits they prefer. . Consider Cafeteria Plan options .

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Want to win at open enrollment? Start planning now.

PeopleStrategy

Provide employees with easily understandable materials that explain their benefit options, including health insurance, retirement plans, and any other perks. Offer Choice and Flexibility Employees value choice and flexibility. Highlight the Value Proposition Explain the value of the benefits you offer.

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Dental Insurance.

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