Remove Disability Insurance Remove Overtime Remove Retirement Plan
article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

To drive company’s success, benchmark and budget a benefit plan that attracts the skilled employees, is needed to keep the employees performing at their best. Overtime pay 3. Health insurance Those benefits provide a baseline of employee expectations. Health insurance 2. Pension or retirement savings plan 3.

article thumbnail

What is a PEO?

Insperity

Typically, with PEO-sponsored benefit plans, your employees will have access to a wider variety of benefits than your company could obtain on its own. In addition, your PEO can provide guidance on compliance related to the Patient Protection and Affordable Care Act to help you avoid costly penalties. A PEO does NOT. Control your business.

Payroll 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

Designing an Effective Total Compensation Report: Sample Templates and Tips

COMPackage

Key Components of a Total Compensation Report A Total Compensation Report (TCR) should provide a clear and concise overview of an employee’s compensation package, including: Direct Pay: This includes the employee’s base salary or wages, as well as any bonuses, commissions, or overtime pay.

401(k) 40
article thumbnail

Total Compensation Statement Template: Attracting and Retaining Top Talent

COMPackage

Base Salary: State the employee’s base salary, including any applicable overtime or shift differential. This may include: Hourly workers: For hourly workers, the template should clearly indicate the hourly wage and any overtime or shift differential.

401(k) 40
article thumbnail

Total Compensation Report Template: A Data-Driven Tool for HR

COMPackage

Base Salary: The primary component of compensation, base salary should be listed prominently, including any applicable overtime or shift differential. This may include: Hourly workers: For hourly workers, the template should clearly indicate the hourly wage and any overtime or shift differential.

401(k) 40
article thumbnail

The Ultimate Total Compensation Statement Template: Customizable for Any Industry

COMPackage

Base Salary: State the employee’s base salary, including any applicable overtime or shift differential. This may include: Hourly workers: For hourly workers, the template should clearly indicate the hourly wage and any overtime or shift differential.

401(k) 40
article thumbnail

The Total Rewards Template: Boosting Employee Engagement and Satisfaction

COMPackage

Base Salary: State the employee’s base salary, including any applicable overtime or shift differential. This may include: Hourly workers: For hourly workers, the template should clearly indicate the hourly wage and any overtime or shift differential.

401(k) 40