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How to evaluate the compensation plan?

HR Digest

If you’re in the job market and get an offer with a salary that pays you $20,000 more than what you currently make, it goes without saying that you are supposed to take the money. Oftentimes a higher salary might not actually mean more money in your pocket. Disability insurance. Life insurance. Relocation expenses.

401(k) 82
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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Not just salary. You want your employee benefits package to include at least some of these popular fringe benefits : Health insurance. Life insurance. Disability insurance. Paid Time Off (PTO). Offering paid time off— or PTO— can be a great extrinsic reward for those companies.

PTO 105
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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

This is especially true when you factor in the seemingly endless list of expenses: groceries, rent/mortgage, utilities, health insurance, car payments.   But where exactly does each chunk of your hard-earned salary end up?  This fosters a healthier work-life balance, leading to increased happiness and reduced burnout.

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

Insperity

Life insurance – Providing life insurance protects employees’ families by paying a specified amount to employees’ beneficiaries in the event of death. Life insurance premiums are typically affordable for most businesses. Aim for a plan that covers at least 60 percent of employees’ salaries.

Banking 51
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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.