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Ask your provider if it’s possible to design plans for unique situations and goals. Evaluate other retirement-planning tools to deploy alongside traditional retirementplans. Consider going a step further to improve other areas of an employee’s financial wellness. Give employeesstockoptions.
Social security and workers’ comp, for example, aren’t usually bonus options and so are not considered fringe benefits. It may yield ideas about what kinds of benefits to invest in, such as a better insurance plan rather than an on-site gym. Use caution Giving employees good benefits is almost always the right answer.
Such platform consist of specific benefits administration software designed for managing and administering employeebenefits programs. Benefits platforms also allow companies to centralize and automate the administration of employeebenefits, such as health insurance, retirementplans, paid time off, and more.
While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Providing a comprehensivebenefits package is essential for keeping employees happy, healthy, and motivated.
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