article thumbnail

Employee Well-being Needs to Include Retirement Plans

HR Bartender

[Aloise] Actuarial science, particularly as it relates to valuing the liabilities of a pension plan, is a critical need in managing the retirement benefit programs for many organizations that sponsor a defined benefit pension plan. You mentioned defined benefits plans.

article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

By enhancing benefits packages with an emphasis on physical, mental, financial and social well-being, employers can channel these concerns into action. Seven in 10 employees surveyed told MetLife researchers that a flexible, customizable benefits package would increase their loyalty to their employer. Dental insurance.

article thumbnail

How incentive theory drives motivation and behavior in the workplace

Achievers

Competitive compensation and Benefits: Regularly reviewing salaries, providing comprehensive benefits packages , and offering perks such as health insurance, retirement plans, and stock options demonstrate the company’s commitment to employee well-being and financial security.

Bonuses 217
article thumbnail

How to Conquer These 4 Top-of-Mind HR Challenges

And the ever-changing policies and laws can make cultivating a competitive employee benefits strategy feel impossible. Whether you’re concerned about adapting to new pay transparency laws, managing global benefits packages, return-to-office mandates, or 401(k) and retirement planning strategies, we’ve got you covered.

article thumbnail

Employee Benefits: Then and Now [infographic] – Friday Distraction

HR Bartender

“The biggest surprise was that, overall, while the number and types of benefits offerings from organizations has grown over the past 20 years, there have not been many major changes in terms of coverage of core employee benefits. I understand the core benefits Evren mentioned are expensive to an organization’s bottom-line.

article thumbnail

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.