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Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

By enhancing benefits packages with an emphasis on physical, mental, financial and social well-being, employers can channel these concerns into action. Seven in 10 employees surveyed told MetLife researchers that a flexible, customizable benefits package would increase their loyalty to their employer. Dental insurance.

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The importance of disability insurance

Higginbotham

Or perhaps you want to pay for your children’s college education so they’re not saddled with debt. Whatever your plans are, they probably don’t include an unexpected disability. It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance.

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Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

For example, your country’s laws might mandate you to provide health and disability insurance. On the flip side, personalized benefit packages fully rely on the inputs, painpoints and needs of your potential workers or existing employees. You too might decide to add a Paid Time Off to help boost productivity.

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Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

So what constitutes a good employee benefits package? While these benefits may not show up in an employee’s payslip, they can add significant value to their overall compensation package. One of the most significant advantages of this type of employee benefit is that they are often tax-free.

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What are voluntary benefits?

WEX Inc.

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. Check out our benefits trends report below!

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How Non-Medical and Niche Employee Benefits Promote Productivity

Flimp Communications

Some common non-medical benefits include, paid family leave, life insurance, short- and long-term disability insurance, commuter benefits programs and wellness programs. Some organizations provide tools to help employees understand complicated benefits packages. Non-Medical vs Core Employee Benefits.

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