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“I don’t really care about my employeebenefits,” said no employee ever. When it comes to employeebenefits, if your business can offer it, employees want it. That’s the case for any employeebenefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance.
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!
If you want your business to attract top talent in today’s job market and retain employees for the long term, one of the most powerful tools at your company’s disposal is competitive employeebenefits. Let’s explore what employees expect so that you can stand out from your industry peers and recruit and keep the best.
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 parentalleave can create a financial hardship […] The post Getting Paid During ParentalLeave appeared first on Word on Benefits.
This not only highlights the importance of employeebenefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employeebenefits providers? This reduces the administrative burden on HR departments.
Parents need time off to care for and bond with their latest addition. However, limited parentalleave 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. Paid ParentalLeave is what?
Now more than ever, employeebenefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.
The job market is constantly evolving, and as a result, the employeebenefits regulations that are expected from employers are also changing. Today, employers are under increasing pressure to stay ahead of employeebenefits trends and offer a comprehensive range of workplace benefits that cater to the diverse needs of their employees.
Employees like time off. According to an article in Harvard Business Review, flexible hours and vacations are the two most popular employeebenefits after health insurance.If organizations want to remain competitive, they need to offer benefits that employees want. Congrats to them! Enjoy the article.).
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.
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.
In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employeebenefits are important for businesses. Welcome to “EmployeeBenefits Guide for 2023: What Employers Need to Know.” Why Are EmployeeBenefits Important?
The need to improve recruiting and retention has affected employeebenefits and workforce absence management rather considerably these past two years, in some cases resulting in more liberal policies on hybrid work, paid time off (PTO) and observed holidays. More PTO becomes more SOP. PPL remains static.
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.
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. Ready to start? and “how do I request my time off?”
Employee retention is a critical aspect of business success. At Abel HR, we specialize in maximizing employeebenefits and ensuring regulatory compliance, allowing you to focus on growing your business. Paid Time Off and ParentalLeave Generous paid time off (PTO) policies and parentalleave options are highly valued perks.
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?
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.
In this article, we will explore what personalized benefits are all about, and how to use them right. What are personalized employeebenefits? On the flip side, personalized benefit packages fully rely on the inputs, painpoints and needs of your potential workers or existing employees.
A robust employeebenefits program has emerged as a critical factor in this endeavor. Employees increasingly seek more than just a paycheck; they desire comprehensive benefits that support their well-being, work-life balance, and personal development. What is an employeebenefits program?
In creating the list, The HR Digest analyzed answers to questions related to fathers about paternity and adoption leavebenefits, surrogacy and fertility benefits, and childcare options for men and programs that let parents easily go back to work after parentalleave.
To create a thriving workplace where employees can flourish, organizations are embracing workplace trends that prioritize employee well-being. These trends include providing flexible work schedules, offering comprehensive employeebenefits, and promoting a healthy work-life balance.
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?
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.
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.
As of this writing, 12 states have expanded the Family and Medical Leave Act (FMLA) to add more time off or more classes of people covered. California, Massachusetts, New Jersey, New York, Rhode Island, and Washington have laws covering paid family leave. Five states currently require paid sick leave. 1 Washington, D.C.,
Job benefits aren’t perks There’s a fine line between a fun extra and a non-negotiable employeebenefit. A coffee mug won’t be able to rescue weak rapport with disgruntled employees. The same goes for parentalleave, especially paternity leave. Flexible schedules and PTO are also critical.
Many European countries also offer paid parentalleave and paid sick leave. In Canada, employees are entitled to a minimum of two weeks of paid vacation per year, as well as paid sick leave and maternity/parentalleave.
International Foundation of Employee Benefit Plans
MARCH 1, 2023
Read more > The post <strong>Building a Better Work-Life Blend at Your Organization</strong> appeared first on Word on Benefits. 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.
By the 1990s, leading employers were including in their employeebenefits packages programs for alcohol addiction, smoking cessation and other programs focusing on improved employee wellness through lifestyle changes. Another powerful new tool is allowing employees to apply unused PTO to their student loans.
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.
Something as serious as retirement planning assistance could just as soon be a benefit as providing a gym membership for employees who want to work out. Paid time off (PTO) , travel reimbursement, tuition reimbursement, menstrual leave, and childcare assistance are some common types of fringe benefits.
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
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 parentalleave policies are an excellent way to enhance employeebenefit offerings and support the well-being of new parents within your Company. Offering robust benefits, including parentalleave, can also help support more competitive recruiting and better retention.
Employees are the backbone and driving force of any business, and with EmployeeBenefits Day fast approaching, now is the perfect time to strengthen your workforce for the long haul. EmployeeBenefits Day provides a meaningful opportunity for you to show appreciation and prioritize the needs of your employees.
Furthermore, you can explore alternative accommodations with the employee to find suitable support options. State-specific leave laws Many states also have their own laws, which may sometimes overlap with federal requirements. For example, many states have paid parentalleave laws that may overlap with FMLA pregnancy and family leave.
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