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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

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 benefits package would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll.

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New Trends in Workplace Benefits: What Employees Want

HR Digest

However, as the job market and employee expectations evolve, it’s important for employers to stay up-to-date with the latest employee benefits trends and ensure their benefits package is meeting the needs of their workforce. We will discuss the importance of these benefits to the workplace.

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What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.

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Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

On the flip side, personalized benefit packages fully rely on the inputs, painpoints and needs of your potential workers or existing employees. When you offer a listening ear and respond with a tailored benefits package, you don’t need to be worried about losing your most skilled employee.

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Are Employees Coming Back to Work Expecting Improved Benefits?

COMPackage

This includes a robust benefits package that aligns with their evolving needs and priorities. The Total Rewards Package: More Than Just Salary Traditionally, compensation was primarily focused on base salary. Benefits: Health insurance, retirement plans, paid time off, and other perks.

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Amazon and Wells Fargo named top US employers for 2023

Employee Benefits

It was praised for its education and skills training, and its benefits package that includes health insurance from an employee’s first day, a 401(k) plan, up to 20 weeks of paid parental leave and free mental health support.

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Employee Perks at Companies: How Top Firms Attract and Retain Talent

Empuls

According to studies, 60% of employees report that benefits and perks are a major factor in deciding whether to accept a job offer, and organizations with robust perks have 31% lower turnover rates.      Employee perks are additional benefits offered by companies that go beyond standard compensation and benefits packages.

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