article thumbnail

Employee Benefits: A Key Part of Job Compensation

Money Talk

total benefits package) ¨ enhance workers’ financial security and health (e.g., health insurance) ¨ improve employee morale (e.g., paid vacation) ¨ increase productivity (e.g., Others take a “use it or lose it” approach where sick leave cannot be carried forward to future years. Like vacation time.

article thumbnail

Benchmarking Employee Benefits: How Do You Compare?

Stratus.HR

Due to their personal and caregiving responsibilities, top requests of employees in the current labor market include remote or hybrid work opportunities, flexible scheduling, and generous time-off policies. 45% – Offering greater workplace flexibility. 40% – Providing more up-skilling and development opportunities.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are Total Rewards: Here’s A Holistic View

Empuls

Employee total rewards are a combination of benefits, compensation, and rewards that employees receive from their organizations, including wages and bonuses, rewards, performance recognition, workplace flexibility, career opportunities, etc. Paid leaves. Health Insurance. Positive workplace and wellbeing.

Bonuses 52
article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) Managing employee benefits So, how do you: Select the right benefits for your workplace?

article thumbnail

Election 2020: Where Trump, Biden differ on HR issues

Business Management Daily

Workplace flexibility and leave. Trump: Supports allowing families the option of advancing up to $5,000 of the Child Tax Credit to fund unpaid leave and pay for care and other costs associated with a new child. Supports more paid family leave for federal workers. Here is a breakdown of where they stand.