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According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefitspackage next year. This projection shows the benefits trends in use and utilization of financial wellness programs among employees.
At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employeebenefits you should consider. There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article.
Setting up a 401(k) for employees can be a daunting task for small business owners. It is one of the most highly regulated employeebenefits. Small businesses can often feel like a family, as you may spend years or even decades growing your business with your loyal employees. Roth401(k).
Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employeebenefits to attract and retain top talent. These perks not only provide employees with financial advantages but also contribute to a more fulfilling and enjoyable work experience.
The research also revealed that up to 77% of workers with access to employer-sponsored benefits, chose to participate in the program, increasing the take-up rate. However, 71% of those working professionals under 40 do not know what happens to their benefits once they change jobs or leave before retirement. Bureau of Labor Statistics.
These programs, focusing on engagement and accessibility, provide a powerful incentive for employees, demonstrating that their organization cares about their financial well-being and quality of life. How to Offer : Two companies, Corporate Offers and Vantage Circle , offer competitive and efficient discount programs to their employees.
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