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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Disability. Retirement.

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New Laws for 2023 part II

InterWest Insurance Services

SB 1126 will require any person or entity with at least one employee to either provide them with access to a retirement program like a 401(k) plan or enroll them in the state-run CalSavers program. Employees can choose other deduction rates as well. 8) CalSavers expanded. 9) Bereavement leave. 10) PFL wage replacement.

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5 steps to more financially stable employees

Insperity

Oftentimes, people will pay more monthly for car insurance so they can get a low deductible, usually $500. However, if they crunched the numbers, they could be paying more than $500 a year in higher premiums just to have the lower deductible. Offer disability insurance for added peace of mind. Everybody wins.

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Employee benefits for small businesses

Higginbotham

Disability Insurance and Life Insurance. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Life insurance is a popular choice. Disability insurance is another popular option. Dental and Vision Insurance.

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Total compensation package examples

Higginbotham

Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). Company A also offers a 401(k) with contribution matching. In addition to the $80,000 salary, Company B offers a high-deductible health plan.

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Learn from payroll year-end mistakes or repeat them

Business Management Daily

Talking to Accounts Payable, Benefits, HR and the executive compensation committee is vital, but you also need to reach out to all employees: Send reminders to employees about name changes, Social Security numbers, W-4s (especially critical this year-end), beneficiaries, 401(k) information and direct deposit. 3: Use the data.

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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). To attract talent and compete effectively, many businesses first elect to offer: Health insurance – Due to the rising costs of health care, this is a must in the eyes of many employees.

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