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Formatting Your Benefits Packages to Attract More Talent

Hppy

This is where having a well-structured benefits package can be invaluable for businesses. By focusing on providing offerings that provide a wide range of employee perks, it can be much easier to attract and retain more talent. You’ll also want to consider the demographics of the employees you’re likely to attract.

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How to contain employee benefits costs (and why most businesses struggle)

Insperity

That presents business leaders an ever-present challenge: how to contain the cost of employee benefits. Why benefits costs keep rising – and are more challenging for small- to mid-sized businesses to control. Despite the high price tag, it’s critically important that employers provide quality benefits.

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How can voluntary benefits support employees in uncertain times?

Employee Benefits

Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. A good benefits package is the most important thing that 42% of employees look for in employment, according to June 2023 research by benefits provider Zest.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The TRS outlines what employee benefits have been on offer for the past 12 months. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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What is Leave Encashment? Calculation, Taxation, and Rules

HR Lineup

Leave encashment is a significant aspect of employment benefits, providing employees with the option to convert their unused leave days into monetary compensation. This practice is prevalent in many organizations worldwide, serving as a valuable component of employee welfare. The post What is Leave Encashment?

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What Is an Employee Benefits Consultant and What Do They Do?

Fringe Benefit Analysts

As many employers and businesses are aware, employee benefits packages are very important considerations for candidates when they are being scouted by recruiters. This usually includes presenting all suitable vendors and the benefits they offer, as well as the varying costs, to the employer.

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What to consider before choosing open enrollment dates

Business Management Daily

Open enrollment is an important period for employees to make changes to their benefits enrollments including their health insurance plan selection. If the provider deadlines are missed, late enrollment may not be allowed without a qualifying life event.