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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Given the choice between working somewhere with great benefits and somewhere with the bare minimum, anyone would choose the business with more PTO. Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. Consider the benefits you offer currently.

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Employee Benefits: A Key Part of Job Compensation

Money Talk

Thus, they are a key part of workers’ total compensation package. Purposes of employee benefits include: ¨ recruit and retain talented employees (e.g., total benefits package) ¨ enhance workers’ financial security and health (e.g., paid vacation) ¨ increase productivity (e.g.,

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3 powerful ways to improve your employee retention rate

Achievers

Here are 3 practical ways to start: Offer a generous and unique benefit package. In today’s employment market, individuals are also placing a high value on the benefits an employer offers. Competitive wages will always be an important factor in retaining high-quality employees.

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10 Types of Employee Benefits that all Employees Love

Darwinbox

Employee Benefits can range from free coffee at work to a fully-paid vacation. Types of employee benefits encompass any indirect compensation to employees. Jobs with better benefits packages are likely to attract better talent.

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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.

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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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Fringe Benefits: What Are They and How Are They Helpful

HR Digest

Most of these fringe benefits are taxable, barring few exceptions. Examples of these fringe benefits include: Retirement Plans Paid Vacation Gym memberships Meal subsidy Commuter Benefits Employee Stock Ownership Plan (ESOP) Advantages of Offering Fringe Benefits Employees feel valued if they are provided excellent benefits packages.