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Best Employee Benefits in Light Manufacturing

Winston Benefits

If your company is involved in manufacturing, you know that offering strong benefits is a must. Manufacturing jobs tend to have better benefits than many other industries, so staying competitive can be difficult. If you’re involved in light manufacturing, these top benefits can help you stand out. Strong Health Benefits.

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Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

A recent study of manufacturing hourly compensation demonstrated a similar pattern for the main components (social insurance, wages or salaries, and direct benefits) paid by employers in Canada and Australia: The main divisions of employer costs for employee compensation under the BLS study are wages or salaries and benefits.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers.

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Calculate burden rate boost profitability

Business Management Daily

Calculating an organization’s burden rate , which highlights additional indirect costs associated with labor, manufacturing, and overhead, is necessary to get a clearer picture of its bottom line. How much does your organization cost to employ one person or manufacture a product? The same is valid for manufacturing a product.

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PEO: The Ultimate Guide (Everything You Need To Know)

Genesis HR Solutions

Small businesses that want to be more competitive —Many small businesses choose to partner with PEOs to improve their benefits offerings, including healthcare and 401(k) options, giving them a competitive edge to attract better talent. PEOs provide services to 175,000 small and mid-sized businesses, employing 3.7 million people.

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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.

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An in-Depth analysis of the Best HR software solutions and how to pick one

Business Management Daily

What’s great about Paycor is they understand the HR and payroll needs of various niche industries, such as: Healthcare Manufacturing Retail Food and Beverage Education Nonprofits As such, Paycor will tailor its software to your specific business needs, which is invaluable for companies in the industries listed above.