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Companies must recognize this and take action to incorporate more workplaceflexibility – or risk losing top talent to competitors. A time and attendance policy doesn’t have to conflict with solidifying norms around workplaceflexibility.
First, let’s clarify how wellness initiatives are different from standard employee benefits , such as 401(k) retirement plans, paid time off (PTO) and various types of insurance (health, dental and vision being among the most common). Employee wellness programs versus general benefits.
In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. Most employers offer their employees PTO – usually between 10 to 14 days per year at minimum. Managing employee benefits So, how do you: Select the right benefits for your workplace?
Companies must recognize this and take action to incorporate more workplaceflexibility – or risk losing top talent to competitors. To tackle this, organizations will likely settle on a hybrid work arrangement , as well as flexible work schedules or even shortened workweeks , as a compromise.
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