Remove Health Insurance Remove Parental Leave Remove Retirement Plan Remove Salary
article thumbnail

Top 10 Employee Perks Programs for 2024

HR Lineup

These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. Employee perks, also known as employee benefits or fringe benefits, are additional incentives provided by employers to their employees beyond their regular salaries or wages.

article thumbnail

Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

These benefits are given to employees over their salaries and wages. Enhancing Employee Health And Well-being: Benefits like health insurance, wellness programs, and mental health support contribute to employees' physical and emotional well-being. Health Insurance A healthy employee is a productive employee.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Does an Employee Benefits Survey Help a Company Grow?

Vantage Circle

Benefits include health insurance, retirement plans, flexible work arrangements, professional development stipends, and other offerings to support well-being and life outside work. What aspects of our health benefits work well for you? What aspects of our health benefits are most frustrating or confusing?

article thumbnail

17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Employee benefits are non-wage compensation provided by employers to their employees in addition to their regular salary or wages. The maximum deduction limit for health insurance premiums is rs.

article thumbnail

Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Other options like work-from-home stipends and cell phone plans keep existing employees happy, reducing turnover and boosting productivity.

article thumbnail

Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

Personalized employee benefits are a form of indirect compensation and perks that are outside of the agreed wage or salary live party and travel tickets, access to some interesting gadgets, design tools, performance awards, tuition funding, student loan assistance, etc. Cost per hire goes beyond just the wage or salary.

article thumbnail

How to Design an Employee Benefits Program Effectively

Empuls

Employee benefits are a set of incentives, perks, and privileges an employer provides to their employees in addition to their regular salaries and wages. Certain benefits like health insurance can promote employee wellness and reduce absenteeism, which can be beneficial for both the employee and the company.