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Matching 401(k) contributions 2. Paid time off banks covering vacation and sick leave 8. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Some top choices trending today include: 1. Health care flexible spending accounts 3.
Source: Bank of America ) The heightened financial stress affecting employees' health and wellbeing profoundly impacts their organization's bottom line. Supplemental income includes stock options, 401 (k) plans, bonuses, etc. 💡 71% feel the cost of living is outpacing growth in their salary or wages.
Take these steps to start building an employee benefits program that won’t break the bank. Unemployment insurance. Disabilityinsurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). Life insurance premiums are typically affordable for most businesses. Workers’ compensation.
For example, your country’s laws might mandate you to provide health and disabilityinsurance. In some cases, you might decide to use the 401(k) plan, which ensures your employees are contributing a part of their salary to a retirement account. You too might decide to add a Paid Time Off to help boost productivity.
Many workers today struggle with saving for retirement, and offering employer-sponsored plans gives them a much-needed head start Ideas: Offer matching contributions to 401(k)s, SEP IRAs, or SIMPLE IRAs to incentivize participation. Ideas: Offer both short-term and long-term disability coverage.
You'll also play a critical role in supporting our TPA business ( www.alpinetpa.com ) by creating and uploading financials to banks, processing payments to businesses and individuals, and entering COBRA payments in our COBRA management software tool. Employer-paid Life, Short-Term, and Long-Term Disabilityinsurance.
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