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Fringe Benefits: A Guide to Understanding and Leveraging Employee Perks

HR Digest

These perks, often discretionary, supplement an employees paycheck and can range from health insurance to gym memberships, company cars to childcare assistance. Increasingly, sabbaticals or mental health days are gaining traction as employers prioritize burnout prevention. Compliance is non-negotiable.

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Employee Benefits: The Only Guide You Need

Achievers

Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses. Wellness programs .

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NFP Employee Benefits

HR Lineup

They offer a wide range of services, including group health insurance, dental and vision coverage, life insurance, short- and long-term disability insurance, flexible spending accounts, and more.

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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

Voluntary/Worksite Sales Report” The findings underscore the value that employees place on these benefits, particularly in defraying health care-related costs. According to the report, in 2023: Group term life insurance premiums increased 10% from the 2022 level. Group universal life and whole life were up 9%.

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Study Predicts 8% Group Health Plan Cost Increase for 2025

InterWest Insurance Services

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. Many of the new drugs are costly, but they may also reduce overall health care costs in the long run as they may reduce the need for expensive intervention and emergency treatments.

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Commissioner Orders Benchmark Workers’ Comp Rate Reduction

InterWest Insurance Services

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. Many of the new drugs are costly, but they may also reduce overall health care costs in the long run as they may reduce the need for expensive intervention and emergency treatments.

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Formatting Your Benefits Packages to Attract More Talent

Hppy

Some of these include: Health Insurance When evaluating a new job opportunity, many employees place a high value on the health insurance benefits provided by a potential employer. Life Insurance Some employers offer life insurance as an extra benefit to their workforce.