Remove Bonuses Remove Flexible Spending Account Remove Life Insurance
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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Flexible Spending Account (FSA). Hospital insurance is health insurance for hospital costs. Life Insurance.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Ditto for bonuses that are based on actual wages paid. Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts.

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Total Compensation Statement Template: A Powerful Tool for Employers

COMPackage

Short-Term Incentives: These can include bonuses, commissions, or other performance-based payments. Long-Term Incentives: This may involve stock options, restricted stock units, or profit-sharing plans.

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Year-end checklist for HR

PeopleStrategy

Annual, quarterly or holiday bonuses should also be accounted for. Some health and life insurance plans and retirement plans require companies to report enrollment figures and balances at the end of the year. Report benefits enrollment information. Make any necessary updates to FSAs.

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3 top HR tech tools no company should be without

Insperity

From basic benefits like medical and dental coverage, to health care flexible spending accounts and life insurance, the list of benefits you’ll have to manage can grow quickly. State and local health care mandates may require you to offer additional coverage or benefits. Time and attendance software.