Remove 401(k) Remove Healthcare Remove Paid Vacation
article thumbnail

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. Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. Some paid parental leave. Free healthcare coverage.

article thumbnail

Employee Benefits Success is All About Communication

Best Money Moves

A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcare benefits, but almost half of employees don’t even understand the benefits their employer already offers. Employee benefits success is all about communication.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. By offering perks such as gym memberships and plenty of vacation time, companies can sweeten the deal for prospective new hires and attract top talent.

article thumbnail

Designing a Remarkable Employee Perks Program that Fuels Success

Vantage Circle

Health Insurance: Over 80% of employees over 42 want jobs that involve employer-provided healthcare ( Forbes Advisor ). The number shows the critical importance of healthcare in an employee's life. This helps them cover the cost of doctor visits, prescription medications, hospital stays, and other healthcare-related expenses.

article thumbnail

What employees expect from benefits packages

Business Management Daily

Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medical insurance. Anybody who has ever looked at healthcare plans knows they vary considerably. Paid sick days encourage ill workers to stay home.

article thumbnail

14 Companies with Great Employee Rewards and Recognition Programs

Empuls

. "Six years later, after the decision that others said would destroy his business, Dan reports that revenue has tripled, the customer base has doubled, 70% of his employees have paid down debt, many bought homes for the first time, 401(k) contributions grew by 155% and turnover dropped in half.

Bonuses 52
article thumbnail

Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Paid Vacation. As the name suggests, these are benefits where an employee is paid even when he takes time off from work. An extension of this benefit is providing unlimited vacation. And employees also tend to take almost the same amount of vacations as they used to earlier. Paid Sick Leaves. Conclusion.