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Are Your Benefits Enough to See Employees Through a Crisis?

InterWest Insurance Services

Simple health insurance is insufficient to carry the load. A recent survey by benefits provider Guardian indicates that families in this category are struggling when it comes to achieving their financial goals. Meanwhile, six in 10 have no life insurance in place outside of the workplace. To learn more, call us.

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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. This avoids the problem, but many payroll systems aren’t set up to deal with these fractions. Figure pay based on 52.143 weekly pay periods or 26.07

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Importance of Employee Benefit Package And Why it Matters

HR Digest

To drive company’s success, benchmark and budget a benefit plan that attracts the skilled employees, is needed to keep the employees performing at their best. The mandatory benefits form the foundation of all employee benefit packages. Payroll taxes 2. Health insurance 2. Dental or vision insurance 4.

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Identifying the “Perks” on National Employee Benefits Day

Benefit Resource Inc.

In honor of National Employee Benefits Day, here are some of the often overlooked benefit options employers can use to “sweeten the pot” to attract new talent and retain existing talent. These eight benefits provide an opportunity for over $30,000 of increased value to employees each year.*

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How to Handle the Death of an Employee in Your Small Business

Patriot Software

Do you offer benefits like health insurance, life insurance, and retirement plans? If so, notify benefit providers after the death of an employee. And, talk with the employee’s beneficiary about how they can receive the benefits. If you use payroll software, remove the deceased from the system.

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Two in five employees are working extra hours as cost-of-living crisis bites

cipHR

One in six (17%) has made further ‘savings’ by cutting back (or cancelling) their personal insurance cover, such as income protection, life insurance, and medical or dental insurance, and one in seven (14%) has reduced their pension contributions – decisions which may prove to have costly consequences in the future.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

In this article, we’ll look at: The benefits most businesses offer. How much of an employee’s salary is made up of benefits. Common Employee Benefits. Insurance types: Medical, dental, vision, disability, and life insurance plans. Employers have to manage and administer benefits each month.