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How Do Wellness Incentives Drive Great Employee Engagement?

Empuls

Wellness incentives recognize the multifaceted nature of employee health and create a culture that prioritizes well-being.    The rewards themselves can be diverse, ranging from reduced healthcare premiums to contributions to health savings accounts, gym memberships, or even cash bonuses.

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5 Pre-Tax Tools to Keep Your Stress Levels Low

Benefit Resource Inc.

But you can keep your funds, ID and mental health safe by signing up for ID Theft Services. BONUS: ID Theft Services are comprehensive and can cover your bank accounts, medical IDs, social security numbers and even email addresses. Each dollar going into a pre-tax benefit account saves you 30 to 40 cents per dollar.

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20 Best Company Perks for Employees

Empuls

Once seen as mere bonuses, perks are now essential drivers of employee satisfaction and engagement. Health Savings Plans : Offer health savings accounts (HSAs) or other financial wellness programs that help employees save for medical expenses, promoting long-term financial security.

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How to be an employer of choice – even in uncertain times

Insperity

This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a health savings account or flexible spending account for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirement plan contributions.

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This unexpected tool can help reduce stress from COVID-19

Benefit Resource Inc.

If you have a tax-free account like a health savings account, it might come in handy. While an HSA might not be the first thing to come to mind, this benefit account can actually help you fight stress from COVID-19 in a few ways. Here are five ways your health savings account can help you reduce COVID stress.

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What are fringe benefits? What employers need to know

Insperity

You might also want to add non-taxable perks such as time off for volunteering in the community, the occasional theater and sporting event tickets or marathon sponsorships. Some states may also tax fringe benefits, so be sure to check with your state tax authority before designing a fringe benefits package.

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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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