COMPackage

NOVEMBER 3, 2024

Employees increasingly value a comprehensive benefits package that contributes to their financial well-being and overall work experience. This article explores the benefits of TCRSs, highlights key considerations for crafting meaningful reports, and offers a sample statement for your reference.

401(k) 52

401(k) Retirement Plan Benefits Package Health Insurance 52

InterWest Insurance Services

DECEMBER 10, 2024

increase in health insurance costs, even after implementing cost-reduction measures. The Mercer survey concluded that employers would have to balance two priorities: Focusing on health care affordability and ensuring that their staff can afford their copays, coinsurance and deductibles.

Employment 97

Employment Pharmaceutical Medical Health Insurance 97

InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

401(k) 98

401(k) Health Insurance Insurance Voluntary Benefits 98

WEX Inc.

FEBRUARY 12, 2025

Whether it’s a change in healthcare mandates, insurance coverage requirements, or the tax treatment of employer-provided health plans , employers need to closely follow legislative developments. By staying updated on these changes, employers can ensure they are providing the correct benefits in accordance with current labor laws.

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Healthcare Health Insurance Taxes Paid Leave 52

eni

JULY 31, 2024

Participate in Industry Events: Competitive compensation and benefits packages are critical in attracting top talent. HR professionals can ensure their offerings are attractive by: Conducting regular market research to understand industry salary standards and benefits trends.

Benefits Package 52

Benefits Package Retirement Plan Media Health Insurance 52

COMPackage

NOVEMBER 5, 2024

Benefits: A detailed breakdown of employer-sponsored benefits like health insurance, paid time off (PTO), retirement plans (including company contributions), and wellness programs. Other Compensation: This can include items like company-provided equipment, professional development opportunities, or profit-sharing bonuses.

Retirement Plan 52

Retirement Plan Health Insurance Salary Bonuses 52

COMPackage

NOVEMBER 4, 2024

Benefits: A detailed breakdown of employer-sponsored benefits like health insurance, paid time off (PTO), retirement plans, and wellness programs. The post Total Compensation Report Template Sample: Demystifying the Value Beyond Salary first appeared on Total Compensation Reports Blog | COMPackage.

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COMPackage

OCTOBER 31, 2024

Employees may suspect they’re underpaid or that their benefits package isn’t as valuable as they think. Imagine an employee who receives a TCR outlining their annual salary, health insurance coverage, generous paid time off policy, and company-matched retirement contribution.

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Salary 40

COMPackage

NOVEMBER 2, 2024

Beyond just base salary, employees value a comprehensive benefits package that contributes to their overall well-being. Benefits: A breakdown of employer-provided benefits like health insurance, paid time off (PTO), retirement plans, and wellness programs.

PTO 40

PTO Retirement Plan Salary Bonuses 40

COMPackage

NOVEMBER 1, 2024

TCRs address this by detailing all aspects of an employee’s compensation package, including: Base Salary: The core component, clearly outlining the annual or hourly wage. The post Total Compensation Report: A Sample Guide for Effective Communication first appeared on Total Compensation Reports Blog | COMPackage.

Retirement Plan 40

Retirement Plan Health Insurance Bonuses Salary 40

Bayzat

OCTOBER 31, 2024

Comprehensive Employee Benefits Employee benefits package is often as important as the base salary in attracting and retaining top talent. For instance, Mubadala Investment Company is reported to offer attractive compensation and benefits packages, including health insurance, annual bonuses, and an employee share purchase plan.

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Salary Bonuses Commissions Benefits Package 52

Qandle

JULY 10, 2024

Essentially, a PEO becomes the employer of record for tax and insurance purposes, allowing client companies to focus on core business activities while the PEO handles administrative burdens. This helps small businesses offer competitive benefits packages.

Professional Employer Organization 105

Professional Employer Organization Employment Benefits Package Payroll 105

InterWest Insurance Services

DECEMBER 28, 2021

even for people with health insurance. Hospital indemnity coverage is generally offered as part of a voluntary benefits package, and often at little or no cost to the employer. Coordination with group health insurance. Note: Hospital indemnity insurance is a supplemental insurance product.

Voluntary Benefits 98

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 98

WEX Inc.

AUGUST 23, 2023

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. Go to our webpage. It is not legal or tax advice.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Life Insurance Insurance 98

InterWest Insurance Services

SEPTEMBER 23, 2024

The benefits are free from federal and state income taxes, employees’ taxable income is reduced and that means that employers don’t have to pay FICA on those dollars. Cafeteria plans enhance your employee benefits package while boosting your margins.

Flexible Spending Account 94

Flexible Spending Account Benefits Package Deductible Deductions 94

InterWest Insurance Services

MARCH 14, 2024

Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs. But don’t fret, getting something that everyone likes into your package is not too expensive, particularly if you are offering voluntary benefits to which you may or may not contribute as an employer.

Voluntary Benefits 98

Voluntary Benefits Benefits Package Insurance Health Insurance 98

InterWest Insurance Services

JUNE 16, 2022

One in five workers surveyed said that health care and health insurance are a major factor when deciding to accept a job, compared with only 13% of human resources executives, according to the “2022 Health at Work” survey by Quest Diagnostics.

401(k) 98

401(k) Health Insurance Health Savings Account Human Resources 98

InterWest Insurance Services

JULY 20, 2022

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. If you can help them avoid amassing medical debt, and if they can get the most out of their benefits, you can increase worker satisfaction and retain key talent.

Education 98

Education 401(k) Deductible Deductions 98

WEX Inc.

JUNE 5, 2023

QSEHRA eligible expenses are determined by IRS Code Section 213(d) and, in the case of QSEHRAs, includes individual health insurance premiums paid by the employee. Integrated HRA’s- Must be integrated with group health insurance to help employees cover out-of-pocket healthcare costs. There are 4 common types of HRA’s.

Health Insurance 94

Health Insurance Healthcare Taxes Insurance 94

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% ” At the same time the labor market is still very tight, requiring businesses to continue offering attractive pay and benefit packages. .” copay plan).

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductible 96

Vantage Circle

FEBRUARY 3, 2025

In this blog, we’ll discuss the five main drivers of employee retention. Key Takeaways 5 Main drivers of employee retention Strategies to improve the drivers of retention Driver 1: Competitive Compensation and Benefits Money talks! Think Beyond Salary Never fail to offer benefits that address your employees’ lives.

Employee Retention 66

Employee Retention Salary Bonuses Media 66

InterWest Insurance Services

AUGUST 1, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Point of service – A POS health plan is a mix between an HMO and a PPO-style health insurance policy.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 98

InterWest Insurance Services

AUGUST 22, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Point of service – A POS health plan is a mix between an HMO and a PPO-style health insurance policy.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 98

Qandle

JUNE 25, 2024

This blog sheds light on the significance of talent retention, furnishing insights into effective strategies, best practices, and real-life case studies to fortify your retention initiatives. Continuously benchmark against market standards to ensure that your salary and benefits packages remain competitive.

Employee Retention 105

Employee Retention Software Benefits Package Salary 105

InterWest Insurance Services

DECEMBER 26, 2024

increase in health insurance costs, even after implementing cost-reduction measures. The Mercer survey concluded that employers would have to balance two priorities: Focusing on health care affordability and ensuring that their staff can afford their copays, coinsurance and deductibles.

Employment 98

Employment Pharmaceutical Medical Health Insurance 98

COMPackage

JULY 18, 2024

This includes a robust benefits package that aligns with their evolving needs and priorities. The Total Rewards Package: More Than Just Salary Traditionally, compensation was primarily focused on base salary. Benefits: Health insurance, retirement plans, paid time off, and other perks.

401(k) 52

401(k) Parental Leave Health Insurance Benefits Package 52

WEX Inc.

OCTOBER 20, 2023

Emergency room Cost: The cost of an emergency room visit varies based on a number of factors, including whether or not you have insurance. Without or without health insurance, an ER visit can cost anywhere from $150 to several thousand dollars. The information in this blog post is for educational purposes only.

Healthcare 98

Healthcare Insurance Consulting Health Insurance 98

InterWest Insurance Services

NOVEMBER 11, 2024

It’s almost time for year-end small group open enrollment and you need to drive engagement so that your employees can make informed decisions about their health insurance options. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.

Flexible Spending Account 96

Flexible Spending Account Pharmaceutical Health Savings Account Flexible Spending 96

InterWest Insurance Services

SEPTEMBER 27, 2023

It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.

Out of Pocket Cost 93

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 93

Pacific Prime

JULY 19, 2023

Small Businesses should include health insurance, a retirement plan, and paid time off in their employee benefits package. Employers should also be aware of the employee benefits that they must include, as required by law, such as workers’ compensation and unemployment insurance.

Employee Benefits 52

Employee Benefits Retirement Plan Workers’ Compensation Health Insurance 52

PeopleKeep

DECEMBER 20, 2021

In recent years, increasing health insurance costs have become inevitable. Each year, nonprofits must balance benefits and pay raises with their other organizational costs. Many nonprofit benefit packages include a high deductible health plan (HDHP) to keep costs in check.

Health Savings Account 52

Health Savings Account Pay Raise Health Insurance Benefits Package 52

Achievers

JUNE 25, 2019

In addition, many hourly employees have fewer benefits, particularly if they’re part-time. This could impact how much they have to pay for health insurance or how much PTO they get in a year. The post 3 Types of Compensation Packages To Consider and Why appeared first on Engage Blog. Share your comments below.

Commissions 92

Commissions Overtime Salary Health Insurance 92

InterWest Insurance Services

FEBRUARY 9, 2023

While their health insurance will cover their medical expenses, it won’t cover the cost of living while they recover. Only 30% of American workers in private industry currently have access to employer-sponsored long-term disability insurance coverage, according to the U.S.

Disability Insurance 90

Disability Insurance Voluntary Benefits Insurance Health Insurance 90

Pacific Prime

APRIL 30, 2024

In this blog post, Pacific Prime will go over employee assistance programs and what companies can. appeared first on Pacific Prime's Blog. This allows employers to help guide their employees through various issues affecting their mental and emotional wellbeing, contributing to an overall healthy work-life balance.

Benefits Package 98

Benefits Package Employment Health Insurance Employee Benefits 98

WEX Inc.

JUNE 27, 2024

And don’t forget to check out our Benefits Buzz podcast episode with Matt Dallahan, vice president of product management at WEX, below. The value of personalized benefits Personalized benefits are about more than offering a generic set of options. Learn more about employee benefits by subscribing to our blog !

Technology 52

Technology Benefits Package Utilities Taxes 52

Bayzat

JUNE 21, 2021

Group health insurance is a key consideration for any business operating in the UAE. And the UAE insurance market is continuing to evolve. This is primarily being driven by changing employee habits, needs and expectations, which are forcing businesses to adapt and think harder about their insurance policies.

Insurance 52

Insurance Health Insurance Benefits Package Utilities 52