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Importance of Employee Benefit Package And Why it Matters

HR Digest

Employee benefits have become an essential part of any competitive compensation package. From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Section 125 plans offer a number of tax-saving benefits for employers. Flexible spending accounts.

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How to offer health insurance as a small business

Higginbotham

They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. Health insurance matters to employees.

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Identify Your Workers’ Needs, Consider Costs before Open Enrollment

InterWest Insurance Services

It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. You’ll want to help your staff understand all of their options so they can choose plans that are best for their age, health and life situation.

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USI Employee Benefits

HR Lineup

USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. The company offers a wide range of benefits solutions to help organizations of all sizes attract, retain, and engage their employees.

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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. Provide a range of benefit options to cater to different needs and preferences.

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Addressing Employee Financial Wellness in an Era of Extreme Financial Stress

Griffin Benefits

For instance, many benefits plans have employee assistance programs (EAPs) with financial wellness resources that cover legal services and caregiving services that can help alleviate financial stress. The pieces that comprise healthcare and retirement plans, voluntary benefits, and EAPs are connected.