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Employee Benefits: The Only Guide You Need

Achievers

Employee benefits are non-salary compensation and perks. 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. Family-friendly leave benefits .

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Reconsidering your employee benefits priorities

Health Consultants Group

Whether their families battled the virus or not, they have all endured a life-changing event. After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Family-Friendly Benefits: sick leave, time off to care for children and adult family members, paid foster care.

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Designing a Remarkable Employee Perks Program that Fuels Success

Vantage Circle

Employees now want more than just salaries from their employers. Let’s glimpse at some of the factors that act as determinants while devising a perks program- The organizational structure. The number shows the critical importance of healthcare in an employee's life. The overall budget that they can spend.

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Employee benefits for small businesses

Higginbotham

This can be done through salary and wages, but it can also be done through benefits, and the latter can be better in some ways. Gallup says that the cost of replacing an employee can range from one-and-a-half to two-times the employee’s annual salary. Disability Insurance and Life Insurance.

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3 top HR tech tools no company should be without

Insperity

The Affordable Care Act folds in an additional layer of complexity. If you employed an average of 50 or more full-time (or full-time equivalent) employees in the prior calendar year, you could be subject to an IRS penalty if you don’t offer medical coverage to your full-time employees. That’s just the tip of the benefits iceberg.

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Importance of Employee Benefits in the Workplace

HR Digest

Employee benefits are usually the compensations that companies offer aside from the salary. These benefits are regulated by the state laws and these usually include: Unemployment Insurance . Family and Medical Leave . Disability Insurance . Social Security . Medicare Tax Payments . Worker’s Compensation .

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The Laws Every HR Manager Needs to Know

Hppy

Given that HR managers are responsible for coordinating employees’ pay, they should all be familiar with the Fair Labor Standards Act (FLSA), which is the main statute outlining the following: National minimum wage. Under this act, employees are entitled to: 12 weeks of leave within a 12-month period in an eligible circumstance (i.e.