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What are voluntary benefits?

WEX Inc.

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. appeared first on WEX Inc.

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Buyers’ guide to off-the-shelf voluntary benefits schemes

Employee Benefits

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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Legal benefits for employees: Pros and cons of adding legal services

Higginbotham

Employers wishing to provide legal services as an employee benefit typically have two primary options: Standalone Legal Services Benefit: Legal insurance can be provided as a voluntary benefit, with employees covering the cost through payroll deductions.

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What to Look for in a Financial Wellness Program

Best Money Moves

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. . ” What to Look for in a Financial Wellness Program.

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3 major benefits challenges for HR and how to solve them

WEX Inc.

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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7 Employee Benefit Trends that are Set to Dominate in 2024

Empuls

Salesforce , for example, has not only implemented comprehensive mental health programs but also appointed a Chief Equality Officer to champion employee well-being, including mental health initiatives. 💡 Financial stress is a significant concern for many employees, affecting their overall well-being and job performance.

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Best Employee Benefits in Financial Services

Winston Benefits

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.