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Finding employee fringe benefits The field of workplace perks has become an industry of its own. Not only have countless services emerged to simplify things like wellness and retirement, but employeebenefits administration software (BA) now exists to help companies simplify the process of delivering a benefits program.
Hosting webinars, conferences, and seminars. Make sure to have regular open discussions with your employees regarding their career growth. Flexible work hours and the ability to work remotely assist employees in finding time for themselves while juggling personal and professional responsibilities. Leadership courses.
According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employeebenefits?
When a business offers benefits to its employees, you must keep in mind that federal and state laws do not legally require the benefits. For example, health insurance is not a mandated requirement, but it is widely provided to benefitemployees. By doing so, you elevate employee morale and reduce absenteeism.
For example : Airbnb offers a unique travel stipend to its employees, allowing them to explore different destinations and stay in Airbnb listings, aligning with the company's core business. Flexible benefits packages Employeebenefits are a valuable form of recognition.
Offering an attractive employeebenefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employeebenefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.
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