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4 considerations when choosing employee benefits for the first time

WEX Inc.

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan).

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How HSAs can transform retirement planning and your common questions

WEX Inc.

Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. That's important considering that a 65-year-old couple retiring in 2020 would need an average of $351,000 in healthcare costs throughout retirement.

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10 Best Recruiting Hacks To Find The Best Job Candidates in 2023

HR Lineup

There are job boards for specific industries, such as healthcare, technology, and finance. This includes not only salary but also benefits such as health insurance, retirement plans, and vacation time. Use Niche Job Boards Niche job boards are an excellent resource for finding specialized talent.

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5 Emerging Benefits Trends to Look for in 2025

Best Money Moves

According to CNBC, heightened expenses have led to the most common financial milestones, (such as retiring, purchasing a home or vehicle, and getting married) becoming out of reach for a significant population. Companies are helping employees make their healthcare costs more manageable through effective healthcare benefits.

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Golden handcuffs: Should employers use them on top talent?

Business Management Daily

As a theoretical example, a highly compensated employee in a fast-paced industry like healthcare or tech may experience burnout after several years on the job. She spent nine years in finance due to the prestige and high salary, and she soon adjusted to her inflated wage.

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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Affordable healthcare Healthcare costs are a major concern for employees, especially for those who earn lower wages. Average healthcare premiums for American families increased 7% in 2024, according to research from KFF. Retirement plans are tax deductible, flexible and are a great way to attract new talent to your business.

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The State of American Financial Wellness and Financial Stress, 2022

Best Money Moves

The Covid-19 pandemic changed Americans’ relationship to their personal finances. The Covid-19 pandemic has dramatically changed Americans’ relationship to their personal finances. work hours per week dealing with their finances. . Companies tend to only offer retirement plans and safety net insurance.

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