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Employee Benefits: A Key Part of Job Compensation

Money Talk

Also known as “fringe” (short for fringe benefits) or “perks.” employee benefits generally equal 25% to 50% of a worker’s gross pay. Thus, they are a key part of workers’ total compensation package. Purposes of employee benefits include: ¨ recruit and retain talented employees (e.g., sick day pay is fully taxable.

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Benchmarking Employee Benefits: How Do You Compare?

Stratus.HR

A 2021 survey of 150 employers from various industries sheds light on what employers are currently offering for employee benefits, specifically with respect to challenges exacerbated by the COVID-19 pandemic. Benchmarking Employee Benefits: Paid Time Off (PTO). 38% – Expanding benefits offerings.

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New poll reveals the benefits and perks that employees value most

cipHR

Paid sick leave tops the list of benefits and incentives that matter most to British employees , according to new research by HR and payroll software provider CIPHR. Next on the list, in seventh place, is extra holiday allowance, which, interestingly, was preferred by more people than unlimited paid leave (32% vs 18%).

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Benchmarking and Surveys Gauge if Employee Benefits are on Target

Corporate Synergies

Benchmarking and surveys help employers zero in on options that workers deem valuable. 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?

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6 Best Places to Work and What Makes Them Special

Vantage Circle

This goes on like a chain benefiting both the employer and the employees. Parental leaves. While paid leaves and vacations might be common but stock purchasing, egg freezing coverage, and reimbursement program make HubSpot stand out. Some of their benefits are: Dental coverage. Enough said. Vision coverage.

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6 Best Places to Work and What Makes Them Special

Vantage Circle

This goes on like a chain benefiting both the employer and the employees. Parental leaves. While paid leaves and vacations might be common but stock purchasing, egg freezing coverage, and reimbursement program make HubSpot stand out. Some of their benefits are: Dental coverage. Enough said. Vision coverage.