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Importance of Employee Benefit Package And Why it Matters

HR Digest

Paid time off banks covering vacation and sick leave 8. Health insurance 2. Pension or retirement savings plan 3. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Retirement Plans Employers usually offer retirement plans.

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How Non-Medical and Niche Employee Benefits Promote Productivity

Flimp Communications

Some common non-medical benefits include, paid family leave, life insurance, short- and long-term disability insurance, commuter benefits programs and wellness programs. Non-medical benefits have expanded to include financial wellness and long-term planning, such as retirement accounts, as well as other remarkable perks.

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Citigroup enhances parental leave for US and Puerto Rico employees

Employee Benefits

Investment bank and financial services firm Citigroup has enhanced its parental leave and introduced a new caregiver leave initiative for its employees based in the US and Puerto Rico. Meal and housing stipends, education assistance, childcare resources and transportation programmes are available but vary by region and country.

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Prioritize Financial Well-being in the Workplace

Empuls

Source: Bank of America ) The heightened financial stress affecting employees' health and wellbeing profoundly impacts their organization's bottom line. Supplemental income includes stock options, 401 (k) plans, bonuses, etc. 💡 71% feel the cost of living is outpacing growth in their salary or wages.

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15 Types Of Employee Benefits That Won’t Break The Bank

Vantage Circle

No matter the type of insurance- be it life insurance, health insurance, disability insurance or retirement benefits- it heads the list of “must be provided” employee benefits. Tell employees that you don’t provide these type of benefit and watch the tp candidates walk right out of the job.

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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Take these steps to start building an employee benefits program that won’t break the bank. Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). Life insurance premiums are typically affordable for most businesses. Workers’ compensation.

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Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

For example, your country’s laws might mandate you to provide health and disability insurance. Key components of an employee benefits package Major components of an employee benefits package include health insurance, retirement plans, and Paid Time Off. So let’s see what they are all about.