WEX Inc.

OCTOBER 5, 2023

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

Voluntary Benefits 98

Voluntary Benefits Life Insurance Health Insurance 98

Insperity

JANUARY 27, 2022

Some states may also tax fringe benefits, so be sure to check with your state tax authority before designing a fringe benefits package. 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.

Employment 96

Employment Taxes Health Savings Account Benefits Package 96

Hppy

APRIL 14, 2017

However, educating employees on insurance isn’t easy. Unfortunately, three out of five employees don’t fully understand their benefits. The confusion in your workplace will depend on their level of experience and the education already provided to them. Kinds of Insurance Your Employees Need.

Education 50

Education Insurance Disability Insurance Life Insurance 50

Vantage Circle

MAY 18, 2023

They want a competitive benefits package to motivate them and improve their satisfaction. This innovative approach goes beyond the standard compensation package. In addition, it can also provide a competitive advantage in the job market, where you can attract candidates with comprehensive benefits packages.

Family and Medical Leave Act 95

Family and Medical Leave Act Life Insurance Health Insurance Retirement Plan 95

Flimp Communications

DECEMBER 19, 2019

The main difference between perks and benefits is that benefits take care of basic needs and usually require a formal opt-in from employees. Some common non-medical benefits include, paid family leave, life insurance, short- and long-term disability insurance, commuter benefits programs and wellness programs.

Medical 84

Medical Employee Benefits Disability Insurance Benefits Package 84

Hppy

FEBRUARY 10, 2023

Top talent is increasingly weighing benefits as part of the job offer, with some even leaving good positions in search of better benefits. Differentiate Your Benefits Package About 90% of businesses offer health insurance at minimum. For some, benefits are weighed more than a fair salary.

Benefits Package 36

Benefits Package Employee Benefits PTO Health Insurance 36

Higginbotham

OCTOBER 29, 2024

Their expertise lies in understanding the insurance landscape and creating benefits packages that meet the unique needs of an employer’s workforce. Benefit brokers help to keep your programs compliant with local, state and federal statutes so you can prevent costly fines or legal penalties.

Employee Benefits 52

Employee Benefits Insurance Carriers Disability Insurance Benefits Package 52

Employee Benefits

SEPTEMBER 28, 2023

Just 12% of roles posted online listed health-related perks such as private healthcare, wellbeing perks or life insurance as part of an employment package, according to research by Plasma by Medichecks.

Healthcare 59

Healthcare Finance Life Insurance Benefits Package 59

Higginbotham

OCTOBER 14, 2022

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Disability Insurance and Life Insurance. Life insurance is a popular choice. Other Key Benefits. Do they have families to support? Learn more.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Empuls

AUGUST 28, 2024

In today's rapidly evolving workplace, offering a comprehensive benefits package is no longer just an added perk—it's a critical component of attracting and retaining top talent. This alarming statistic signals a pressing need for businesses to reevaluate their benefits offerings.

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

Insperity

NOVEMBER 26, 2024

Candidates likely won’t consider your company if they discover you don’t offer these benefits. The new goal: Competitive employee benefits Instead, your company may need to offer more to attract peoples’ attention and interest. Provide general financial education at no cost or low cost through trusted third-party resources.

Employee Benefits 68

Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 68

Higginbotham

NOVEMBER 2, 2023

Financial wellness benefits can help employees tackle their money challenges. However, there are many types of personal financial wellness benefits, each catering to unique needs. When creating your organization’s financial wellness benefits package, consider the specific financial challenges impacting your employees.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

Insperity

FEBRUARY 20, 2020

These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirement plan Disability insurance Life insurance Workers’ compensation Unemployment insurance. Summing it all up.

401(k) 100

401(k) Paid Vacation Disability Insurance Insurance 100

Vantage Circle

DECEMBER 31, 2019

But, there’s also a list of few tax-exempted fringe benefits that you can consider for curating a lucrative employee benefits plan. Here, are some of the tax-free fringe benefits and why you should count them in your employee benefits package. Employee Health Insurance Benefits.

Life Insurance 52

Life Insurance Employee Stock Option Retirement Plan Taxes 52

HR Lineup

JUNE 9, 2023

One of the key strengths of PES Benefits lies in its ability to customize benefit plans to align with the specific goals and values of each organization. Retirement planning is another crucial aspect of PES Benefits’ offerings.

Retirement Plan 52

Retirement Plan Flexible Spending Account Flexible Spending Life Insurance 52

Insperity

MARCH 28, 2019

From basic benefits like medical and dental coverage, to health care flexible spending accounts and life insurance, the list of benefits you’ll have to manage can grow quickly. That’s before you begin to include benefits such as: Commuter benefits Child care benefits Adoption assistance Employee assistance programs.

Family and Medical Leave Act 75

Family and Medical Leave Act Flexible Spending Account Software Education 75

Higginbotham

DECEMBER 30, 2021

Companies depend on their compensation and benefits package to attract talent. On the other hand, if you offer benefits that no one really wants or cares about, you’re wasting money. You need to get it just right, and a compensation and benefits review can help. Employee Benefit Needs Have Changed.

Benefits Package 52

Benefits Package Disability Insurance Insurance Parental Leave 52

Flimp Communications

NOVEMBER 15, 2019

SHRM observed that employers and employees have different ideas about the best methods for selecting and enrolling in healthcare benefits. That observation is backed up by a 2015 study from the Life Insurance Marketing and Research Association. Decision-support tools help millennials customize their benefit packages.

Health Insurance 64

Health Insurance Out of Pocket Cost Healthcare Benefits Package 64

Empuls

DECEMBER 29, 2022

  People love employers that support their financial wellbeing with targeted plans and coaching designed to help employees buy a home, complete their education, get married, become a parent, or deal with childcare and education. The employees return the favor with tangible results in productivity and profit. 

Family and Medical Leave Act 52

Family and Medical Leave Act Disability Insurance Retirement Plan 401(k) 52

Empuls

DECEMBER 24, 2024

The evidence strongly supports that staff benefits are not merely perks but essential components of a successful employee engagement strategy. Companies that prioritize comprehensive and well-communicated benefit packages will likely see enhanced job satisfaction, reduced turnover, and improved productivity among their workforce. 

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Healthcare 40

Higginbotham

APRIL 25, 2022

Job Market Report, two in three job seekers agree that workplace benefits are more important to them now than they were before the pandemic, and 80 percent think that employers need to reevaluate their benefits package. Additionally, 54 percent would consider taking a job that paid less if the benefits were better.

Employee Benefits 52

Employee Benefits Disability Insurance Voluntary Benefits Benefits Package 52

Insperity

MARCH 12, 2024

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. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits PTO 401(k) 59

COMPackage

OCTOBER 2, 2024

By clearly outlining the comprehensive benefits package offered, organizations can demonstrate the value they place on their employees and differentiate themselves in a competitive job market. A well-crafted total compensation statement is a powerful tool for attracting and retaining top talent.

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 23, 2024

By clearly outlining the comprehensive benefits package offered, organizations can demonstrate the value they place on their employees. gym memberships, commuter benefits) Total Compensation: Provide a clear and concise summary of the total compensation package, including the base salary and the estimated value of all benefits.

401(k) 40

401(k) Disability Insurance Overtime PTO 40

Abel HR

FEBRUARY 19, 2019

However, if you’re replacing a highly educated company executive, that can cost more than double their annual salary, so an executive making $100,000 will cost you $213,000 to replace. We often talk about how benefits are crucial to attracting and retaining talent – and as we touched on earlier, this is certainly crucial to your bottom line.

Human Resources 53

Human Resources Benefits Package Life Insurance Salary 53

Vantage Circle

JUNE 24, 2019

Benefits program may vary but it usually consists of medical insurance, life insurance, paid time off, educational assistance program and much more. The selection of benefits is a critical component in total compensation costs. But how do you choose what benefits will be best for your employees?

Employee Benefits 45

Employee Benefits Benefits Package Paid Vacation Disability Insurance 45

Business Management Daily

APRIL 25, 2024

Taxable examples of fringe benefits might include: Gym memberships Moving stipends beyond the actual moving cost Personal use of a company car Frequent flyer miles when converted to cash Certain life insurance payments Information like this can come as a shock. Overspending on benefits is a surefire way to sour the experience.

Taxes 52

Taxes Retirement Plan Employee Stock Option Transportation 52

Insperity

OCTOBER 22, 2019

Has another company – worse yet, a competitor – ever wooed away one of your most valued team members with an exciting promotion, higher salary or better benefits package? In this ever-changing landscape, how can you become educated about potential laws in the works and remain in compliance? Loss of critical personnel.

Management 69

Management Insurance Medical Salary 69

Empuls

APRIL 22, 2024

  Beyond the paycheck: how employee benefit makes them happier  A competitive salary is essential to attract and retain top talent. Comprehensive employee benefit packages are increasingly becoming a deciding factor in job satisfaction and happiness.  This fosters a healthier work-life balance and reduces stress. 

Employee Benefits 40

Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Higginbotham

AUGUST 25, 2023

Or perhaps you want to pay for your children’s college education so they’re not saddled with debt. With both types of policies, the elimination period and benefit period can vary. Group disability insurance vs. individual disability insurance. This is similar to what many life insurance policies require.

Disability Insurance 52

Disability Insurance Insurance Family and Medical Leave Act Paid Vacation 52

Higginbotham

JULY 12, 2022

These expenses include life insurance premiums, income protection premiums, childcare, marijuana or other controlled substances that are illegal under federal law, cosmetic surgery, funeral expenses, maternity clothing, nutritional supplements, household help and personal items such as toothbrushes, among other things.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Genesis HR Solutions

APRIL 23, 2020

Before you can let your new hires choose what benefits they’d like, you must first define the type of benefits you’re administering and which employees are eligible to receive them. Types of benefits include: Health and welfare benefits: Typically medical, dental, vision, disability, and life insurance products.

Health and Welfare 52

Health and Welfare Electronics 401(k) PTO 52

Empuls

MAY 7, 2023

They provide a range of benefits and perks to employees beyond their regular wages, including health and wellness benefits, retirement benefits, time-off benefits, employee perks and discounts, and educational assistance. What are employee benefits?

Employee Benefits 40

Employee Benefits Parental Leave Health Insurance Benefit Providers 40

Empuls

DECEMBER 17, 2024

This statistic underscores the significance of benefits in employee satisfaction and retention.    Several companies have set benchmarks in offering exceptional employee benefits, one of which is Salesforce. A comprehensive benefits program can improve employee satisfaction and loyalty, reducing turnover rates.

Employee Benefits 40

Employee Benefits Health Insurance 401(k) Retirement Plan 40

Business Management Daily

MARCH 21, 2022

A 401(k) is a fairly standard piece of a full employee benefits package. Most small businesses start with health insurance as the main facet of their benefits plan , but as you grow it’s a good idea to expand to include retirement, dental, vision, life insurance, and other major offerings.

401(k) 52

401(k) roth 401(k) Retirement Plan Deductions 52

PeopleStrategy

SEPTEMBER 17, 2019

To overcome this challenge, you need to do everything you can to make your company stand out in ways that your competition simply can’t match; offering a comprehensive benefits package is one of the best ways to reach that goal. benefits are becoming an increasingly important factor for individuals evaluating job offers.

Benefits Package 49

Benefits Package Comprehensive Benefits 401(k) Flexible Spending Account 49

Business Management Daily

APRIL 25, 2023

Flexible work hours are another common demand from modern employees, as they want more control over their schedules for a better work-life balance. Development opportunities, competitive compensation, and attractive benefits packages are also perks the best talent actively looks for. health insurance, FMLA, unemployment, etc.),

Salary 105

Salary Benefits Package Recruitment PTO 105