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Importance of Employee Benefit Package And Why it Matters

HR Digest

To drive company’s success, benchmark and budget a benefit plan that attracts the skilled employees, is needed to keep the employees performing at their best. Overtime pay 3. Health care flexible spending accounts 3. Retirement Plans Employers usually offer retirement plans.

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Proliant

HR Lineup

The system automatically calculates overtime, paid time off, and other relevant factors, streamlining the process for both employees and managers. It simplifies the enrollment and management of employee benefits programs, such as health insurance, retirement plans, and flexible spending accounts.

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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. Report benefits enrollment information. Make any necessary updates to FSAs.

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What is a PEO?

Insperity

Typically, with PEO-sponsored benefit plans, your employees will have access to a wider variety of benefits than your company could obtain on its own. Armed with this knowledge, they can help you stay abreast of constantly shifting laws, regulations and reporting requirements that impact your ability to successfully run your business.

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