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Importance of Employee Benefit Package And Why it Matters

HR Digest

Health care flexible spending accounts 3. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Some top choices trending today include: 1. Matching 401(k) contributions 2. Tuition reimbursement 4. Wellness programs 5.

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16+ types of employee benefits you should consider

Genesis HR Solutions

While you know recruiting and retention is important, you may not be sure if the benefits you offer are a selling point to your potential employees. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance.

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Open enrollment checklist for employers

Business Management Daily

In a competitive job market, differences in benefit offerings and perks can heavily impact recruiting outcomes. FSA benefit plans: Flexible spending accounts also allow employees to set aside pre-tax dollars to cover qualified healthcare or dependent care expenses. The IRS sets annual HSA contribution limits.

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New hire training checklist — set employees up for success

Business Management Daily

Providing benefit enrollment information and forms Again, break this down further by type, such as: Medical Dental Vision Retirement Life insurance Flexible Spending Account (FSA) Giving links to videos or tutorials on company history and mission. Physically setting up the new person’s workspace.

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Year-end checklist for HR

PeopleStrategy

Annual, quarterly or holiday bonuses should also be accounted for. Some health and life insurance plans and retirement plans require companies to report enrollment figures and balances at the end of the year. Identify recruitment needs. Report benefits enrollment information. Make any necessary updates to FSAs.

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Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

No one knows this better than HR professionals who often are tasked with recruitment, applicant tracking and onboarding. These include: Health insurance and related services : These are the bread and butter of contemporary benefits. “Great benefits are essential for attracting the best talent.”

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Employee benefits for small businesses

Higginbotham

Employee benefits for small businesses can support many goals, including retention, recruitment, engagement, workplace culture and even the company’s bottom line. Disability Insurance and Life Insurance. Life insurance is a popular choice. Disability insurance is another popular option.