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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance. Naturally, most businesses can’t afford the king suite of benefits—unlimited PTO, free insurance, etc. And in many cases, it’s benefits offerings that seal the deal. A matching 401(k) or pension.

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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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How to evaluate the compensation plan?

HR Digest

Paid leave – holiday, vacation, PTO, sick, personal, bereavement, military pay, jury duty, etc. Retirement benefits – include 401(k)/403(b), pension plans, etc. For example: The compensation package for Job A is salary and paid holiday. Do the perks and benefits meet your (and your family’s) needs as well?

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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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Why employee wellness matters – and how it’s good for business

Insperity

Increased paid time off (PTO) and alternative forms of paid leave. Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO. Consider a wider range of benefits that go a step further in addressing employee wellness.

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Formatting Your Benefits Packages to Attract More Talent

Hppy

This is where having a well-structured benefits package can be invaluable for businesses. Know What Your Ideal Job Candidate Is Looking For Before you can begin structuring an optimal benefits package, you’ll want to spend the time understanding exactly what your ideal job candidate is looking for.