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Employee benefits for small businesses

Higginbotham

Disability Insurance and Life Insurance. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Life insurance is a popular choice. Disability insurance is another popular option.

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3 top HR tech tools no company should be without

Insperity

That’s just the tip of the benefits iceberg. The Affordable Care Act folds in an additional layer of complexity. If you employed an average of 50 or more full-time (or full-time equivalent) employees in the prior calendar year, you could be subject to an IRS penalty if you don’t offer medical coverage to your full-time employees.

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The importance of disability insurance

Higginbotham

The FMLA doesn’t guarantee paid leave. Under the Family and Medical Leave Act, eligible workers have the right to take up to 12 weeks of job-protected leave due to health issues. At the same time, you’ll likely face expensive medical bills. This is similar to what many life insurance policies require.

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Prioritize Financial Well-being in the Workplace

Empuls

Legal assistance – Employee-sponsored legal assistance can offer legal support or access to lawyers and attorneys to help with family law, community laws, fraud, Medicare, tax assistance, identity theft, unemployment benefits, or transactions with legal implications. Healthcare coverage – Health is wealth.

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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

  The never-ending disappearing act: where does your paycheck go?  This is especially true when you factor in the seemingly endless list of expenses: groceries, rent/mortgage, utilities, health insurance, car payments. This highlights the importance of a strong benefit package in retaining valuable talent.

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People over perks: Bridging employee benefits with strong HR

Insperity

Candidates likely won’t consider your company if they discover you don’t offer these benefits. The new goal: Competitive employee benefits Instead, your company may need to offer more to attract peoples’ attention and interest. For employees who travel to an office for any part of their work week, offer commuter benefits.

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What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.