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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Only exempts and salaried nonexempts feel the full brunt of the 27th/53rd pay period phenomenon, because they’re paid annual salaries. You have three choices for your exempts and salaried nonexempts, but no choice is trouble-free. For the year the extra pay period occurs, divide employees’ salary by 53 or 27. Do nothing.

Payroll 83
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Reconsidering your employee benefits priorities

Health Consultants Group

Accident and Health Benefits . Group-term life insurance . Health Savings Accounts. Flexible Spending Accounts: funded by salary reduction. IRS guidelines restrict certain spending account benefits to maximum annual amounts. Cafeteria Plan benefits often include. Adoption Benefits.

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What are fringe benefits? What employers need to know

Insperity

Remember: What people are really looking for in an employer of choice is not just a base salary. You might also want to add non-taxable perks such as time off for volunteering in the community, the occasional theater and sporting event tickets or marathon sponsorships. Increasingly, they also want the company to be socially responsible.

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Eight Key Trends In Staff Benefits Programs In 2025

Empuls

While salary is important, employees increasingly value benefits that improve their work-life balance and financial security. The program collects non-wage compensation for employees and their salaries.    These benefits range from health insurance to retirement plans, paid time off (PTO), and wellness programs.

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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

However, some businesses offset this cost to their employees by contributing money to health savings accounts. Life insurance – Providing life insurance protects employees’ families by paying a specified amount to employees’ beneficiaries in the event of death.

Banking 52
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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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What is a POP (Premium Only Plan)?

Higginbotham

Examples of qualified benefits include group health insurance , adoption assistance, voluntary group insurance such as dental or vision , dependent care assistance, group term life insurance or Health Savings Accounts (HSAs). This allows employees to pay using pre-tax dollars. Only $29.86