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Importance of Employee Benefit Package And Why it Matters

HR Digest

Payroll taxes 2. Health insurance Those benefits provide a baseline of employee expectations. Matching 401(k) contributions 2. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Overtime pay 3. Workers’ compensation 4.

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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. 8) CalSavers expanded. Verification of death, burial or memorial services. 10) PFL wage replacement.

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[Infographic] What can a PEO do for your business?

Insperity

This may include: Health insurance 401(k) retirement plans Healthcare FSA/HSA programs Life/disability insurance 2. This also may include: Payroll processing Tax reporting and deposits Paycheck/paystub prep and delivery Garnishments 3.

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Learn from payroll year-end mistakes or repeat them

Business Management Daily

Which means now is the perfect time to think about the impending payroll year-end season. Payroll ’s annual year-end trek crosses many corporate boundaries. Here are some key year-end payroll tasks: Balance and reconcile amounts in calendar quarters to each other and to W-2s, payroll reports, and W-3s. 3: Use the data.

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How PEOs empower midsize businesses to rise above today’s workforce challenges

Insperity

A professional employer organization, or PEO , is an HR outsourcing option for organizations to help assume the most time-consuming HR task and employer liabilities, such as payroll and benefits. What makes a PEO relationship unique is the contractual allocation and sharing of employer responsibilities.

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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Processing payroll doesn’t have to be complicated or expensive—but if you’re doing it the wrong way, it can be both.

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