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And in many cases, it’s benefits offerings that seal the deal. For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. And for 75 percent, a good benefitspackage would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll.
For Example, in a recent survey by Met Life , 73% of employees said that they believed their company had a responsibility for their health and well-being and 60% said that having access to benefits that support this notion make them feel valued and appreciated and thus breed loyalty.
In one study , nearly two-thirds of respondents noted that salary is not the deciding factor as to whether they will take or reject a job offer, with most noting that the quality and types of benefits factor very much into their decision making process. But do you have a good plan for communicating all these wonderful perks to your people?
Not only does a PEO open up doors when it comes to offering better benefitspackages but it also handles all the administrative aspects such as selection, renewals, open enrollment, employee education, onboarding, and even advocating for your employees if there’s a claim issue.
A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefitspackage to their employees. PEO services include administration of the following: Health benefits. Click To Tweet.
Wondering what kind of benefits are offered to employees in the UK? In this blog, we have described everything from the best employee benefits in the UK to the way an employee benefitspackage can be designed for employees, the legal regulations, tax compliance and other nuances with regard to the subject.
Here, the word ‘perks’ refers to corporate offerings that go above and beyond an employee’s salary and benefitspackage. The same goes for paid leaves since every organization has a different leave policy.
This can include discounts on retail items, travel, entertainment, dining, technology purchases, or access to special corporate rates for hotels or car rentals. Offering a variety of employee perks programs, companies can provide a comprehensive benefitspackage that appeals to a wide range of employees.
In an EBRI survey, it was found that the employee benefitspackage holds significant importance for job seekers, with 78% indicating that it greatly influences their decision to either accept or decline a job offer. The Bill & Melinda Gates Foundation provides a great benefitspackage to its employees.
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