article thumbnail

New Laws for 2023 part II

InterWest Insurance Services

This blanket requirement has essentially resulted in employers being on the hook for unlimited paid sick leave related to the coronavirus throughout the pandemic for both positive cases and those excluded due to an exposure. Also, since July 2022, the CalSaver’s law has applied to employers with five or more workers.

401(k) 98
article thumbnail

Employee Benefits: Types, Cost & Examples

HR Digest

But the more you know about the types of employee benefits offered by your employer, the better equipped you’ll be to make informed decisions about health care, retirement plans, and other important financial matters. Workers can receive income from these investments once they retire.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Meeting Legal And Ethical Obligations: Certain benefits, such as health insurance, retirement plans, and paid time off, may be required by law in many jurisdictions. In this case, their deferred money goes into a 401(k) plan sponsored by their employer. If you establish a 401(k) plan, you: Can have other retirement plans.

article thumbnail

Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Retirement Plans. Paid Sick Leaves. So creating a policy where they can avail paid sick leaves is a great way to show that you care for your employees’ well being. And employees also tend to take almost the same amount of vacations as they used to earlier. Performance Bonus.

article thumbnail

Employee benefits for small businesses

Higginbotham

Some employers offer paid sick leave, but usually not enough to cover a serious health problem. According to BLS, 71 percent of private industry workers have paid sick leave, and at 20 years of service, they had an average of eight sick leave benefit days. Retirement Plans.

article thumbnail

10 most popular employee benefits and perks

Higginbotham

According to Joblist, 67 percent of job seekers say that health care is the top employee benefit that job seekers care about, and 60 percent of workers who have health coverage say they are not satisfied with their plan. Beyond Retirement Plans: Financial Wellness and Student Loan Repayment. These workers need help catching up.

article thumbnail

6 Best Places to Work and What Makes Them Special

Vantage Circle

Some of their notable employee perks are: Health insurance plans for every eligible employee and their dependents. Paid sick leaves which exclude personal leaves. Parental leaves for same-sex partners. Paid vacation for eligible employees and various employee assistance programs. Salesforce.com.