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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.,

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Comprehensive Guide to the Best Employee Benefits Options for 2024

Empuls

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

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Eliminate Spreadsheets & Reduce Errors with BerniePortal’s PTO Tracker

BerniePortal

When creating benefits packages for employees, paid time off should be at the top of your organization’s list. In addition, most PTO policies include national and floating holidays, paid vacation days, paid family leave, and paid sick leave as well.

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Hiring in a crisis: How mindsets and strategies must shift

Insperity

For example: An economic crisis can make job candidates focus more on benefits packages. A pandemic can cause prospects to prioritize safety practices, remote work capabilities and paid sick leave. Do you have a competitive benefits package? How generous is your paid time off (PTO) policy?

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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. There are also a few differences between what male and female survey respondents want from their employers’ benefits packages.

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Employee benefits for small businesses

Higginbotham

Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Some employers offer paid sick leave, but usually not enough to cover a serious health problem. Other Key Benefits. Disability Insurance and Life Insurance.

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Mandatory vacation time for employees: 6 pros and 6 cons

Insperity

Mandatory sick leave? As more states and cities require employers to offer paid sick leave, companies with PTO policies may find that to stay compliant they must revert to the old system of offering separate banks of time off for vacation and sick days. This is an emerging issue with no clear answers.

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