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What are voluntary benefits?

WEX Inc.

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. Why are some examples of voluntary benefits?

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How can voluntary benefits support employees in uncertain times?

Employee Benefits

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. So, what support can voluntary benefits offer in uncertain times?

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Cawleys uses voluntary benefits to motivate and support employees

Employee Benefits

Independent waste management business Cawleys has invested in a variety of voluntary benefits to create a working environment that inspires, motivates and supports its employees. Its voluntary benefits provision is supported by a wide range of employer-funded benefits, including reduced working hours for all staff by 2.5

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Wilson James ensures staff are aware of support available through voluntary benefits

Employee Benefits

Wilson James, a professional services and skilled labour firm for the security, logistics, aviation and technology sectors, has embedded raising awareness of its voluntary benefits provision from the very start of its employees’ career journeys, and even during the recruitment process.

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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Making Your Voluntary Benefits Program a Success

InterWest Insurance Services

Both employers and employees have much to gain from a solid voluntary benefits program. For employers, offering a range of voluntary insurance products can help increase employee satisfaction – along with loyalty and morale – and make the business more competitive in attracting and retaining the best talent.

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Mandatory vs. voluntary benefits

PeopleKeep

But some employers may not know that benefits fall into two categories: those required by law and those that are voluntary. Knowing which benefits are mandatory under federal and state law will ensure you aren’t penalized for not providing them.