Employee Benefits

MAY 6, 2024

Credit: Achira22/Shutterstock What are off-the-shelf voluntary benefits packages? Voluntary benefits are additional benefits that employers can offer to their employees alongside their salary. In turn, this increases employee engagement. What are the cost implications?

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Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Voluntary benefits such as bikes-for-work schemes have increased to 75% from 73% in 2022, while gym memberships rose to 45% from 34%.

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InterWest Insurance Services

MARCH 14, 2024

With multiple generations working side-by-side in this economy, the needs of your staff in terms of employee benefits will vary greatly depending on their age. Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs.

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WEX Inc.

NOVEMBER 21, 2024

When it comes to 2025 employee benefits trends , many companies are seeking innovative solutions to meet the changing needs of their workforce. Shaped by changing work environments, economic pressures, and technological advancements, the following trends are emerging as essential components of a competitive benefits package.

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Higginbotham

MAY 4, 2023

According to Investopedia, employers often provide life insurance as an employee benefit, but these life insurance policies may not always provide sufficient coverage. Employers who want to expand their benefits to attract employees should consider life insurance. LIMRA found that eight in 10 U.S. Learn more.

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Employee Benefits

APRIL 10, 2024

Credit: branislavpudar/shutterstock Need to know: A strong onboarding and induction programme will help seasonal workers understand their benefits package and feel valued. Benefits should be tailored to the sector and the type of seasonal worker the organisation wants to attract. “This is attractive.”

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Employee Benefits

MAY 20, 2024

Credit: tomertu/Shutterstock Need to know: Benefits strategies have evolved because of influences including employee expectation, cost and the pandemic. Flexible benefits , voluntary benefits, and allowances or pots offer the potential for greater personalisation. Different groups want different things,” he says.

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Employee Benefits

FEBRUARY 10, 2023

Something for the weekend: For those looking to make their pay stretch further, or use their voluntary benefits to the best advantage this Valentine’s Day, Kingston upon Hull has been revealed to be the most affordable UK city for a date night, according to research by Financial World.

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InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

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Higginbotham

OCTOBER 29, 2024

Navigating employee benefits can be complex for employers, especially when balancing cost control with providing comprehensive offerings to workers. This is where a benefits broker can become indispensable. Talk to an Employee Benefits Broker What is a benefits broker?

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Higginbotham

APRIL 25, 2022

Are you offering the most popular employee benefits and perks to attract workers? Workers know their value, and if you don’t compensate them with competitive pay and the most desired employee benefits, they might choose to leave. Health insurance remains a staple of the standard employee benefits package.

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CorpStrat

DECEMBER 3, 2021

Offer Voluntary Benefits. More than ever, employers need to build a robust package that includes things like voluntary benefit programs. Be sure you build a comprehensive overview of your entire benefits package. To your employees, it all melds together. Tell Your Story. Tell it loud.

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Best Money Moves

JULY 29, 2020

Financial stress is one of the top motivators driving organizations to invest in financial wellness programs and 40 percent say that addressing financial stress is a top reason for increasing voluntary benefits, according to a new survey by Buck. . Helping Employees During Coronavirus/COVID-19 Pandemic.

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CorpStrat

AUGUST 11, 2022

If an employee falls ill or gets hurt, they’ll likely have little to no income coming in. On top of that, state Disability is so restrictive and can involve such an arduous process that your employees simply can’t count on it. Voluntary Benefits. appeared first on CorpStrat: HR | Payroll | Employee Benefits.

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Employee Benefits

FEBRUARY 8, 2023

EXCLUSIVE: A public sector organisation that has implemented a successful benefits package has the chance to enter a dedicated award category at the Employee Benefits Awards 2023. The post EXCLUSIVE: Public sector category open at Employee Benefits Awards 2023 appeared first on Employee Benefits.

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InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Since the salary reductions are not received by the employee, they are not considered wages for income tax purposes.

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CorpStrat

OCTOBER 9, 2024

Voluntary or Employer-Sponsored Options This product is flexible. It can be offered as a voluntary benefit, allowing employees to opt in if they choose. Alternatively, you can sponsor the plan fully or partially for a select class of employees, giving you control over the costs while enhancing your benefits package.

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HR Lineup

FEBRUARY 13, 2023

USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. The company offers a wide range of benefits solutions to help organizations of all sizes attract, retain, and engage their employees. The post USI Employee Benefits appeared first on HR Lineup.

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InterWest Insurance Services

JANUARY 12, 2024

Examples Recently Amazon announced that as part of its employee benefits package it would offer the therapist-like app Twill. The takeaway Mental health care is an increasingly important part of employee benefits offerings. However, as long as there are not enough therapists in the U.S.

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International Foundation of Employee Benefit Plans

JULY 25, 2022

A growing percentage of employers are adding fertility benefits to their employee benefits packages as they look for ways to boost recruitment and retention as well as to fulfill other. Read more > The post Fertility Benefits on the Rise appeared first on Word on Benefits.

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Flimp Communications

AUGUST 17, 2020

At Flimp Communications, we offer both PLANselect, focusing on healthcare plans, and BENEFITchoice, ideal for presenting supplemental and voluntary benefits. Most employees are familiar with the medical benefits their employers offer but know little about available voluntary benefits.

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Employee Benefits

AUGUST 28, 2024

Alongside a defined benefit pension scheme, generous annual and parental leave, and a health and wellbeing service provided by Perkbox Vivup, it offers a comprehensive voluntary benefits package. Communication is key when it comes to the employee benefits proposition.

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Higginbotham

AUGUST 13, 2024

Your employees may use their hospital indemnity insurance benefits to cover deductibles, copays, out-of-network costs and other expenses associated with a hospital stay. Making hospital indemnity insurance part of your worksite benefits package can be helpful for several reasons. However, education is key.

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Winston Benefits

MARCH 7, 2017

The financial industry might have a reputation of requiring long hours with little time off, but a closer look finds that there are plenty of employers who offer top-notch benefits.

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Corporate Synergies

JUNE 4, 2019

With unemployment at a 50-year low, health and welfare benefits have become a big differentiator for employers, which means they need to be competitive to attract and retain employees. 1 What are competitive employee benefits? It’s no longer affordable to offer “Cadillac” plans with low employee contributions.

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CorpStrat

OCTOBER 13, 2022

If you listen to what your employees actually want, you can present them a Benefits package that’s creative and fresh. Revisit your benefits package. Employees like choices! Make sure there is a full array of products including things like financial planning, legal, and Voluntary Benefits.

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Best Money Moves

APRIL 10, 2018

In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. Everyone knows that a competitive benefits package includes much more than just financial wellness and a good salary.

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Higginbotham

NOVEMBER 12, 2024

EAP Legal Services Many employees could benefit from personal legal assistance but might lack the means or knowledge to access these services. If your organization already offers an EAP to employees, depending on the EAP’s structure and provider, you may be able to incorporate legal assistance into this program.

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Empuls

FEBRUARY 26, 2024

From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.   These benefits go beyond traditional offerings and allow employees to tailor their perks based on their individual lifestyles and priorities.

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Employee Benefits

JUNE 15, 2023

Kirklees Council and Leeds City Council have been shortlisted in the category Best public sector benefits at the Employee Benefits Awards 2023. Judges were looking at steps a public sector employer has taken to implement a successful benefits package or initiative for its employees.

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Higginbotham

AUGUST 12, 2022

According to Gallup, pay and wellbeing are the top two issues, with 64 percent of workers saying they want a significant increase in income or benefits and 61 percent saying they want greater work-life balance and personal wellbeing. Benefits Can Boost Retention. Benefits and Employee Retention Best Practices. Learn more.

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Winston Benefits

FEBRUARY 6, 2018

One size doesn’t fit all when it comes to employee benefits. You’ve likely seen this in your own benefits strategy, but research from Willis Towers Watson now confirms it. According to the firm’s latest report, employees appreciate the benefits they get but have strong feelings about how they could be better.

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Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

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WEX Inc.

MAY 8, 2024

From the rising costs of healthcare and benefits packages to retaining and recruiting to helping employees understand their benefits to the ever-changing regulatory landscape, HR teams face many challenges that present obstacles to organizational success. But what incentives resonate most with employees?

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HR Professionals Magazine

JANUARY 3, 2024

During open enrollment, the elections of your employees illustrate their preferences and what they value the most within your benefit offerings. By reviewing employee selections, you can compare the cost effectiveness of certain plan options and re-forecast how they will affect the benefits budget in 2024.

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Higginbotham

JANUARY 27, 2023

Employees don’t work for free. They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile.

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Higginbotham

APRIL 7, 2022

Some pet owners buy coverage on their own, but pet insurance has also emerged as a popular employee benefit. Pet Insurance as an Employee Benefit. These workers may be interested in getting the best pet insurance as an employee perk. Should You Add Pet Insurance to Your Employee Benefits Package?

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