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Open Enrollment Prep: Identify Workers’ Needs, Consider Costs to Plan Benefits

InterWest Insurance Services

With answers and feedback in hand you can create a benefits package which is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.

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Employee retention strategies to overcome the Great Resignation

Business Management Daily

You may already offer a great benefits package, but it never hurts to take a second look. Perhaps it is time to explore new wellness benefits or upgrade the available medical coverage options. Some things to consider when evaluating the competitiveness of your company’s benefit plan include: Add an FSA.

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March HR News Worth Review

Higginbotham

Many workers are paying greater attention to their benefits and wondering how to stretch their dollars further. While many employers are familiar with health savings accounts (HSAs) and flexible spending accounts (FSAs), lifestyle spending accounts (LSAs) are an emerging benefit that can provide flexible and personalized support to employees.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This can help employers tailor their benefits packages to meet their employees' specific needs and preferences. However, the packages should meet the needs and expectations of employees.

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People over perks: Bridging employee benefits with strong HR

Insperity

Add health savings accounts and flexible spending accounts. Therefore, if possible, incorporate flexibility into your workplace , including remote or hybrid work options and flexible scheduling. Child and elder care assistance (flexible spending accounts or company reimbursements to cover these costs).

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Identify Your Workers’ Needs, Consider Costs before Open Enrollment

InterWest Insurance Services

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.