Employee Benefits

MARCH 31, 2023

A well implemented employee benefits package helps to support your employees with many of their needs. There are some costs that come with implementing employee benefits but when it comes to the advantages your business and your employees gain, it’s more than worth it.

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WEX Inc.

MAY 24, 2023

If benefits information is only provided during open enrollment, employees may forget about their benefits package or not fully understand their options. Employers should consider year-round benefits communication to ensure that employees are up-to-date and informed about their benefits.

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Insperity

NOVEMBER 26, 2024

Bringing it all together: Employee Assistance Programs (EAPs) EAPs are a great and cost-effective way to offer many of these benefits from a single streamlined source. You can also talk about your company’s employee experience, including competitive benefits, on social media channels. A PEO, however, can ease much of the stress.

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Empuls

SEPTEMBER 26, 2024

Job security and benefits Non-monetary incentives such as job security and comprehensive benefits packages are key motivators. In addition to financial perks, Salesforce is known for its robust benefits packages, which include health insurance, generous parental leave, and wellness stipends.

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Insperity

JANUARY 27, 2022

What are fringe benefits? In common parlance, fringe benefits (a.k.a. perks or perquisites) are benefits you offer in addition to pay. The IRS’ Publication 15-B (2021) Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as “a form of pay for the performance of services.

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Employee Benefits

NOVEMBER 20, 2023

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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WEX Inc.

OCTOBER 5, 2023

Budget : Evaluate your budget to determine how much you can comfortably allocate to voluntary benefits. Keep in mind that these benefits often come with monthly premiums. Existing coverage : Review your current benefit package from your employer to avoid duplicating coverage. It is not legal or tax advice.

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WEX Inc.

APRIL 23, 2024

Save money Consolidating benefits solutions is a great way to save your company money. From the rising costs of healthcare to the need to provide a comprehensive benefits program, employers are looking for ways to optimize their benefits package in a cost-efficient way. It is not legal or tax advice.

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Empuls

DECEMBER 24, 2024

Attract top talent : A rich staff benefits program is one of the most effective tools to attract high-caliber candidates, especially in competitive industries. Tax advantages : Some benefits, such as retirement savings plans or health insurance, can offer tax advantages for employees and employers.

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Best Money Moves

MARCH 11, 2024

Making these benefits as inclusive as possible is another factor to consider. Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave.

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Employee Benefits

MARCH 11, 2024

Operated via a salary sacrifice arrangement, employees can save money as a result of reduced tax and national insurance contributions (NICs). Employers can also offer access to helplines or websites that can provide employees with a list of emergency childcare providers in their area.

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Employee Benefits

JULY 12, 2023

“This not only prepares providers for large shifts in take-up, but it helps with cost planning too. Big increases in headcount can translate to significant increases in employer-funded benefits and, in some regions, higher tax savings.

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Employee Benefits

OCTOBER 4, 2023

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. It also offers a bikes-for-work and electric vehicle salary sacrifice scheme which offer tax and national insurance savings. “We

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Fringe Benefit Analysts

MAY 8, 2022

As many employers and businesses are aware, employee benefits packages are very important considerations for candidates when they are being scouted by recruiters. Of course, in the end, a credible CPA is always the best resource when it comes to tax planning.

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Employee Benefits

JULY 31, 2024

The contents and composition of a total reward statement will vary from organisation to organisation, but they will typically include sections covering the different areas of the overall benefits package, such as salary and bonuses, pension, insurance provision, benefits, allowances such as company car allowance, and employee discounts.

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Business Management Daily

SEPTEMBER 29, 2021

The federal health insurance marketplace, created by the Affordable Care Act to provide affordable health insurance to uninsured Americans, can be accessed at healthcare.gov. The marketplace operates by providing tax credits to subsidize the health insurance premiums of qualifying individuals and families based on their household income.

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Empuls

SEPTEMBER 28, 2023

Wondering what kind of benefits are offered to employees in the UK? In this blog, we have described everything from the best employee benefits in the UK to the way an employee benefits package can be designed for employees, the legal regulations, tax compliance and other nuances with regard to the subject.

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Benefit Resource Inc.

JUNE 17, 2021

Changing your benefits package to accommodate this flexible work model gives your employees another reason to stay. Do it with Specialty Accounts — the swiss-army knife of the benefits world! Many companies are adapting to this changing workplace by going hybrid or fully remote.

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Business Management Daily

NOVEMBER 30, 2021

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. The card is issued by the benefits provider that the employer has chosen to work with for the FSA.

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HR Professionals Magazine

JULY 26, 2022

Sure, 401(k)s are an incredibly important part of a company’s total benefits package. And with the current employment climate, I’m sure your company is considering your benefits package now more than ever before. Consult with your current benefits providers to see what services they have around financial wellness.

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Empuls

APRIL 28, 2023

Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated. From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences.

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Benefit Resource Inc.

SEPTEMBER 8, 2021

Here are three ways to get employees to “swipe right” on your benefits. The first step to getting employees to “swipe right” on your benefits is for them understand what they are looking for in a benefits package. Provide 3-5 data points explaining each account. Set up profiles and filters.

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Vantage Circle

NOVEMBER 23, 2023

These programs, focusing on engagement and accessibility, provide a powerful incentive for employees, demonstrating that their organization cares about their financial well-being and quality of life. These benefits provide employees with access to essential medical services. percent and 36.1 percent, respectively.

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Vantage Circle

SEPTEMBER 11, 2023

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This can help employers tailor their benefits packages to meet their employees' specific needs and preferences. However, the packages should meet the needs and expectations of employees.

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Empuls

JUNE 16, 2023

It is a benefit provided to employees to ensure they have access to meals at the workplace. In a competitive job market, companies that offer comprehensive benefits packages, including meal allowances, are more likely to stand out and attract skilled professionals. What is meal allowance for employees?

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Empuls

JUNE 21, 2024

Meanwhile, these rewards and benefits provide a financial cushion for the employee's transition into retirement. If used as an organizational tool, retirement rewards have the following benefits: Employee engagement since retirement benefits can keep an employee engaged. Let us analyze how that fared for Allstate.  

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Vantage Circle

SEPTEMBER 23, 2023

Employee benefits are crucial for successful organizations in today's fast-paced business world. Attracting And Retaining Talent: Employee benefits are a powerful tool for attracting top talent and retaining experienced employees. Competitive benefits packages make your organization more appealing in a competitive job market.

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Vantage Circle

JANUARY 30, 2022

So, to retain, engage, and motivate your workforce, you must create an agile benefits package that has a mix of taxable and non-taxable benefits. This blog will cover everything you need to know while considering taxable benefits so that you don't get caught off guard when tax time rolls around. Transit passes.

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Vantage Circle

FEBRUARY 26, 2025

But there’s one area where you can make a huge impact—your employee benefits package. This homewares company sets a fantastic example by providing 16 weeks of full pay for maternity leave and six weeks for fathers and partners. Take Mustard Made , for example. A survey by Frac.tl

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WEX Inc.

JULY 2, 2024

According to a recent study by the International Foundation of Employee Benefit Plans (IFEBP), 40% of US organizations included fertility benefits in their 2023 benefits packages. This marks a substantial increase from three years ago when only 30% of companies offered such benefits. It is not legal or tax advice.

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