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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

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. Vision coverage. A matching 401(k) or pension. “For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary.

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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)?

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Zenefits

HR Lineup

It offers a comprehensive solution for businesses to manage their employee benefits program and streamline various HR processes such as onboarding, payroll, and compliance. The platform integrates with popular payroll providers and insurance carriers to provide real-time data and insights into benefits and HR programs.

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Fringe Benefits: A Guide to Understanding and Leveraging Employee Perks

HR Digest

Think medical, dental, and vision insurance, often supplemented by wellness programs like mental health support or fitness stipends. 401(k) matching), stock options, or performance bonuses. Heres a breakdown: Health and Wellness Benefits These are the heavyweights of employee perks. Compliance is non-negotiable.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

employer-sponsored 401(k) plans. Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? Act, such as adapting payroll and record-keeping systems.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

This avoids the problem, but many payroll systems aren’t set up to deal with these fractions. Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Vision Insurance. Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. 401(k) & 403(b) Retirement Plans. A 401(k) plan can be an important tool for a small business to attract and retain employees.

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