article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

article thumbnail

What employees expect from benefits packages

Business Management Daily

Organizations also frequently provide employees with free or low-cost life insurance. Rather, their employee benefits package puts them together under PTO (paid time off). It also enables an employee to take mental health days without the need to go into reasons for the absence. Health Savings Accounts.

article thumbnail

5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

However, some businesses offset this cost to their employees by contributing money to health savings accounts. Life insurance – Providing life insurance protects employees’ families by paying a specified amount to employees’ beneficiaries in the event of death.

Banking 50