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Employee Benefits Providers: What Employers Need to Know

Empuls

This not only highlights the importance of employee benefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employee benefits providers? This reduces the administrative burden on HR departments.

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

Here are some prime examples: Supplemental life insurance : This benefit allows you to bolster your life insurance coverage, ensuring your loved ones are well taken care of in case of the unexpected. Voluntary benefits aren’t just about checking boxes on a benefits enrollment form.

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Best Global Benefits Services

HR Lineup

This includes their Mercer Mobility Exchange, which provides a centralized platform for managing all aspects of international assignments, and their Mercer Marketplace, which offers employees a range of benefits options to choose from. Control Costs Global benefits services can also help employers control costs.

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

Here are some prime examples: Supplemental life insurance : This benefit allows you to bolster your life insurance coverage, ensuring your loved ones are well taken care of in case of the unexpected. Voluntary benefits aren't just about checking boxes on a benefits enrollment form.

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A HR guide to employee benefits

Employee Benefits

A great way to improve retention rates is through offering great employee benefits. Benefits, including fringe benefits and flexible benefits, provide an employee an extra reason to stay within a company. These benefits can include extra holiday, life insurance and childcare to name a few.

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Open enrollment checklist for employers

Business Management Daily

Some benefits to consider adding or expanding are: 401K benefits: If your business is not matching contributions, you may want to look into what competing employers are doing in terms of retirement benefits and whether there is room in the budget to offer some level of matching. Submit all enrollment forms to benefits providers.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Although most companies choose this option, it may be a costly decision, since employees will receive an extra paycheck, along with extra taxes withheld and extra benefits provided. Employees’ benefits deductions and allowances (e.g., No federal or state agency requires you to adjust employees’ pay for the extra pay period.

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