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Fill out the form to the right to download our eBook. Priorities for Human Resources & Employee Benefits. Position your benefits plans and the opportunities, so employees pay for their increasing out-of-pocket costs. The expansion of benefits for employees can provide the flexibility employees look for.
Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefitspackage that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Meanwhile, older employees will have greater concerns about retirement. .
Free HealthSavingsAccount? Does your benefitspackage offer the value you think it does? Get a TPA that helps your participants learn what “High Deductible Health Plan” really means. Don’t let your benefitspackage become outdated by leaving out an HSA option. But is it really?
Some states may also tax fringe benefits, so be sure to check with your state tax authority before designing a fringe benefitspackage. Examples of taxable fringe benefits include: Non-business use of company cars Cash (bonus pay) Gym memberships Paid personal time off. 31 of the year after you give them to the employee.
This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a healthsavingsaccount or flexible spending account for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirement plan contributions.
Consider offering tools that estimate potential savings based on different expense levels, showcasing the value of even minor contributions to an FSA. What you can do: While promoting the benefits of an FSA, it's important to respect individual choices. Download now! Want to learn more about how you can support your employees?
Multigenerational workforces pose a unique challenge for employers and HR teams: How do you build a benefitspackage that’s equally attractive to all members of your workforce, when your team members are at radically different stages of their lives? Meanwhile, older employees will have greater concerns about retirement. .
HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefitspackages for 2021. Each point translates into a chance to win a monthly contest. 2 Flexible Work Arrangements. 4 Paid Time Off.
As an employer, providing a robust employee benefitspackage is only half the battle. Educating on the value of their benefits and how best to use them is equally important. One of the questions we asked: What benefit would you like to learn more about? Download now! Get our guide below!
The first step to getting employees to “swipe right” on your benefits is for them understand what they are looking for in a benefitspackage. Some people might want benefits that can be used to support children, like a General or Limited Flexible Spending Account (FSA) or a Dependent Care FSA.
The BRight Ideas Quiz administered by Benefit Resource, Inc. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. In this section, we’ll explore areas related to Flexible Spending Accounts, HealthSavingsAccounts, and Health Reimbursement Accounts.
Keep reading this blog post to learn four reasons why offering benefits is challenging for small business owners and what they can do to overcome these challenges. Budget The challenge: Offering the best benefitspackage is going to require a certain amount of budget. Download now! It is not legal or tax advice.
Though your benefitspackage may be quite substantial, your employees may not know or understand the real value of the benefits you offer. And they may continue to remain unaware of the “hidden” benefits they are receiving even as healthcare costs rise, and you, the employer, absorb the increases. Commissions.
For example, some employers are adopting health plans that cover, or at least provide some reimbursement for, reproductive health. Add healthsavingsaccounts and flexible spending accounts. Provide coverage for mental health care services. A PEO, however, can ease much of the stress.
Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Have a plan in place to allay employee stress, particularly about changes to health insurance. Trying to determine if employees are satisfied?
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