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Remember when companies thought they could get away by offering a basic health plan and call it a day when it came to employeebenefits. How can companies move beyond standard health insurance and create a benefits package that truly stands out? These benefits are the bare minimum. But not anymore!
International Foundation of Employee Benefit Plans
JUNE 2, 2023
Whether it’s a family road trip with fruit snacks and beef jerky, getting another stamp or two on your passport, or enjoying your own community with a staycation, time off is a hot topic for many employees across the United States as […] The post Hot Summer Topic—PTO and Vacation Benefits appeared first on Word on Benefits.
Paid Time off (PTO) Program : Many companies have some combination of sick time, vacation or family leave time that can be used when employees need to care for a family member. Others might provide assistance in applying for Family Medical Leave Act (FMLA ) time off. .
Increased paid time off (PTO) and alternative forms of paidleave. It lets employees work in an environment and according to a schedule that’s conducive to their own personal needs. This impacts the vast majority of employees. Flexibility at work may include: Remote or hybrid work options.
One of the most common employeebenefits is paidleave. Employers offer a variety of options, from more standard accrued leave during every pay period to a newer option for “unlimited PTO.” ” But how do people feel about these benefits? . .” Rob Whalen, CEO, PTOExchange.
Parents said they would be more likely to return to work sooner if they had access to paidleave, or if they were able to work on a flexible schedule. Allowing job sharing or reduced schedules could also provide employees with additional time to care for children, but it’s typically associated with a reduction in compensation.
In an effort to attract and retain top talent, many companies include floating holidays as part of their employeebenefits package. Depending on how exactly a workplace structures its floating holiday policies (more on that later), this type of day off can look very similar to standard PTO. Use or lose.
The benefits vary, but employees agree they want better health insurance, work flexibility, and more leaves at work. What benefits should you consider when hiring? Plus, know what employeebenefits should you have in place as required by the law. Required BenefitsEmployees Must Receive.
Launching a successful benefits program in your workplace calls for a savvy employeebenefits strategy. Here, we’ll cover everything you need to know about employeebenefits. Common employeebenefits Here’s a list of the employeebenefits that should be on your radar.
." Long story short, fringe benefits are taxable employeebenefits and must be included in the recipient's pay. You want your employeebenefits package to include at least some of these popular fringe benefits : Health insurance. Paid Time Off (PTO). Life insurance. Tuition assistance.
In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits. Well-tailored, helpful employeebenefits go a long way toward keeping your existing team members satisfied while also attracting new talent.
The benefits you offer potential employees can make or break their decision to work for you. Also, employeebenefits are typically one of your heftiest expenses as a business owner. Differentiate between required and optional employeebenefits. Know the required employeebenefits.
According to WTW’s 2024 Global Benefits Attitudes Survey , 75% of employees are likelier to stay with an employer offering a strong benefits program. This article will explore the essentials of an effective staff benefits program, including various types of employeebenefits and modern approaches such as rewards programs.
Since your employee handbook will communicate essential legal information to employees, it should be reviewed by legal counsel. What does an employee handbook contain? While no two employee handbooks will look the same, they’ll almost always include the following. Paidleave: How much time off do employees get each year?
However, limited parental leave options in the United States often hinder them. Currently, only 27% of American workers employed in the private sector have access to paid family leave. Explore the different types of paid parental leavebenefits and why you may want to add this benefit to your company’s leave offerings.
Beyond the paycheck: how employeebenefit makes them happier A competitive salary is essential to attract and retain top talent. But in today's job market, employees are looking for more than just a paycheck. This highlights the importance of a strong benefit package in retaining valuable talent.
International Foundation of Employee Benefit Plans
JUNE 1, 2022
Read more > The post Miscarriage and Other Pregnancy Loss Leave appeared first on Word on Benefits. According to the Mayo Clinic, roughly 10 to 20% of known pregnancies end in miscarriage. The physical and emotional needs of someone who experiences pregnancy loss vary from one individual.
International Foundation of Employee Benefit Plans
JUNE 5, 2024
Whether you’re getting another passport stamp, sticking around for a staycation or taking a Friday afternoon off for a […] The post Hot Paid Time Off Trends for the Summer appeared first on Word on Benefits. As the school year draws to a close and temps heat up, folks across the country are starting to plan for summer fun!
In the United States, taking a leave of absence can be complicated, especially when it comes to medical emergencies or other personal reasons. Unlike in some other countries where paidleave is the norm, U.S. Many European countries also offer paid parental leave and paid sick leave.
International Foundation of Employee Benefit Plans
MAY 13, 2022
Read more > The post The Next Big Thing: How Employers Can Prepare appeared first on Word on Benefits. In early April, the International Foundation hosted the webcast Innovation and the Future of Remote/Hybrid Work. We were lucky enough to bring in Alex Willis, chief executive officer at Leadership.
International Foundation of Employee Benefit Plans
FEBRUARY 20, 2024
One of the ideas that will undoubtedly be discussed again is whether workers should get time off to vote—Some people […] The post Time Off for Voting appeared first on Word on Benefits. As the U.S. moves through another election year, you’re likely to see a few headlines about how America gets out to vote.
International Foundation of Employee Benefit Plans
APRIL 26, 2022
In 2022, employees expect their benefits to address flexibility as much as they expect health and retirement benefits. Read more > The post Five Challenges Paid Time Off Could Help Solve appeared first on Word on Benefits. Many employers are starting to realize that flexibility will affect the future.
International Foundation of Employee Benefit Plans
OCTOBER 23, 2024
One of the ideas that will undoubtedly be discussed again is whether workers should get time off to vote—Some people […] The post Time Off for Voting appeared first on Word on Benefits. As the U.S. moves through another election year, you’re likely to see a few headlines about how America gets out to vote.
Companies are constantly seeking ways to stand out, and one of the most effective strategies is offering cool employeebenefits. These benefits enhance the overall work experience and foster employee loyalty and satisfaction. Why offer cool benefits?
International Foundation of Employee Benefit Plans
FEBRUARY 16, 2023
Read more > The post Organizations Get Serious About Vacation Unplugging appeared first on Word on Benefits. Vacation is the brief pause in your life when you can feel the sunshine on your face and breeze through your hair, taking you to a place of escape.
Our web-based platform allows employees to log in from anywhere, with no need for paper forms. Our software pushes PTO information directly into the payroll, creating a user-friendly workflow for clients that minimizes mistakes. Your business remains compliant with employeebenefits regulations. Exempt of nonexempt?
International Foundation of Employee Benefit Plans
MARCH 1, 2023
Work-life balance is an idea that’s been tossed around for decades, and organizations have paid a lot of attention to the term, particularly over the last three years as the line. Read more > The post <strong>Building a Better Work-Life Blend at Your Organization</strong> appeared first on Word on Benefits.
Teresa Hopke : The most obvious way that employers can help ease the financial cost of taking paternity leave is to expand their leave policies to include a longer period of paidleave for all caregivers. One key thing to note here is that financial cost is often NOT the reason that new dads don’t take paternity leave.
International Foundation of Employee Benefit Plans
MAY 4, 2023
In honor of May the Fourth, we thought it would be fun to continue the rebellion against convention by using Star […] The post In a Benefits Plan Far, Far Away appeared first on Word on Benefits. Over the past several years, May 4 has skyrocketed in popularity as Star Wars Day—as in, “May the Fourth be with you.”
International Foundation of Employee Benefit Plans
JANUARY 9, 2024
Being able to pause your current work life to explore other aspects of life sounds great, but it just doesn’t seem like a realistic option for anyone building their career, in a […] The post Sabbaticals: Goals, Costs and Risks appeared first on Word on Benefits. The idea of a sabbatical strikes many people as strange.
International Foundation of Employee Benefit Plans
OCTOBER 31, 2022
We’ve experienced a shift in many different aspects of benefits over the last few years and paid time off is no exception. In the latest Talking Benefits podcast episode, I. Read more > The post Flexible Planned Vacation: What Works and What Doesn’t appeared first on Word on Benefits.
International Foundation of Employee Benefit Plans
FEBRUARY 9, 2023
Fertility and family-forming benefits are top of mind for many organizations as they reevaluate benefit packages for the year ahead. Read more > The post <strong>Fertility Benefits Rapidly Rising as Employers Look to Attract and Support Talent</strong> appeared first on Word on Benefits.
International Foundation of Employee Benefit Plans
NOVEMBER 3, 2022
Read more > The post 68% of Employers Are Planning Salary Increases for 2023 appeared first on Word on Benefits. Organizations are planning salary increases and closely examining their total rewards packages for the year ahead in response to changing workforce demands. The International Foundation surveyed U.S. employers and found.
International Foundation of Employee Benefit Plans
NOVEMBER 17, 2022
As the workplace becomes more diverse, employers may want to consider whether their schedule of paid holidays accommodates the needs of all of their workers. The post <strong>Inclusive Paid Holidays</strong> appeared first on Word on Benefits.
International Foundation of Employee Benefit Plans
DECEMBER 6, 2022
As employers do more to support employees’ mental health and work/life balance, the four-day workweek has become a front-runner among evolving workplace considerations. Read more > The post <strong>Four-Day Workweek: Pros, Cons and Implementation</strong> appeared first on Word on Benefits.
International Foundation of Employee Benefit Plans
JULY 11, 2023
workers do not have a guaranteed source of pay to cover leave following the birth of a child or to bond with a new addition to the family. Lack of access to paid parental leave can create a financial hardship […] The post Getting Paid During Parental Leave appeared first on Word on Benefits.
International Foundation of Employee Benefit Plans
MARCH 31, 2022
Benefits Madness was not all fun and games—It gave us a chance to see what innovative employeebenefits the fans are really rooting for! Benefit offerings like healthy snacks and. Read more > The post Benefits Madness: The Championship appeared first on Word on Benefits.
International Foundation of Employee Benefit Plans
MARCH 28, 2022
Which of your favorite innovative employeebenefit offerings made it to the final four? Read more > The post Benefits Madness: Final Four appeared first on Word on Benefits. Continue voting and following along to find out! “Standing, treadmill or stationary bike desks” made it.
International Foundation of Employee Benefit Plans
APRIL 4, 2022
Thanks for sticking with us throughout Benefits Madness! Read more > The post Benefits Madness: The Champion appeared first on Word on Benefits. Your votes determined the 2022 Champion: Remote work/telecommuting. The pandemic offered a forced experiment of sorts with remote/hybrid work and it looks.
Paid parental leave policies are an excellent way to enhance employeebenefit offerings and support the well-being of new parents within your Company. Offering robust benefits, including parental leave, can also help support more competitive recruiting and better retention.
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