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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.

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Crafting Joy for Workers, Hobby Lobby Announces a Wage Hike

HR Digest

Along with Hobby Lobby’s current wage hike, the shopping chain also provides other fiscal and medical benefits like a medical and dental plan, 401(k) with generous company match, a flexible spending plan, life insurance, etc.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

Chamber of Commerce, found that firms with 100 or more workers to whom they offer group health benefits gained from increased productivity, reduced direct medical costs (for self-insured firms), tax benefits and improved retention and recruitment. The analysis by Avalare , a wellness plan provider, and commissioned by the U.S.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Cafeteria plans are particularly good for participants who have regular expenses related to medical issues and childcare. Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Flexible spending accounts.

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How to evaluate the compensation plan?

HR Digest

Retirement benefits – include 401(k)/403(b), pension plans, etc. Disability insurance. Life insurance. On the other hand, Job B offers a salary, 401(k), employee assistance program , and learning and development opportunities. Employee assistance program. Relocation expenses.

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

InterWest Insurance Services

Furthermore, smaller employers are ramping up their benefits package to attract talent: Two-thirds of all employers nationwide with fewer than 100 employees are planning to add non-medical benefits to their compensation mix. The popularity of medical insurance is well established. 401(k)s or other retirement plans.

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The benefits of group life insurance for employers and employees

Higginbotham

Group life insurance is a type of life insurance policy that covers an affiliated group of individuals, typically the employees of a company or the members of an organization, who can be covered under a single master contract. What is group life insurance? What is group life insurance?