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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

Benefits: A list of all benefits provided by the employer, such as health insurance, retirement plans, paid time off, and life insurance. Incentive Compensation: Any bonuses, commissions, or other performance-based pay.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

The takeaway While the study focused on health coverage, and to some part wellness programs, employers that go beyond just health insurance by creating and offering a balanced benefit program, have the greatest ROI. Before the COVID-19 pandemic, most businesses considered health benefits little more than a cost to be managed.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. The worker can choose from a menu of options into which they want to funnel the funds, and how they want those funds allocated. Flexible spending account.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

401(k)s or other retirement plans. Dental insurance. Life insurance. Accident insurance. Long-term and short-term disability insurance. Accidental death and dismemberment insurance. Among these must-have benefits: Prescription drug coverage. Vision care. Defined benefit pension plans.

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Designing an Effective Total Compensation Report: Sample Templates and Tips

COMPackage

Indirect Pay: This includes all of the employee’s benefits, such as health insurance, retirement plans, paid time off, life insurance, and disability insurance. Perks: This includes any additional non-monetary benefits, such as company-provided vehicles, gym memberships, or employee discounts.

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Total Compensation Statement Template: A Powerful Tool for Employers

COMPackage

The post Total Compensation Statement Template: A Powerful Tool for Employers first appeared on Total Compensation Reports Blog | COMPackage. Long-Term Incentives: This may involve stock options, restricted stock units, or profit-sharing plans.

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Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

Editor's note: We'd like to thank Ann Lloyd of StudentSavingsGuide.com for collaborating with us on this week's blog post. Some of these decisions, such as foregoing healthcare, disability, and life insurance, could prove catastrophic. Discuss short- and long-term disability insurance, when it applies, and how to use it.

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