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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance. Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. Some paid parental leave. Free healthcare coverage.

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Why the US Has Been Ranked as One of the Worst Countries for Workers’ Rights

Global People Strategist

Paid Vacations. According to the Center for Economic and Policy Research , the United States is the only developed nation in the world that does not guarantee paid vacations to its workforce. Universal Healthcare. Why has the US ranked as one of the worst countries for workers’ rights? Severance Pay.

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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. However, golden handcuffs can negatively affect employees’ well-being if they no longer enjoy their work or want to pursue other life goals.

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Employee Benefits Success is All About Communication

Best Money Moves

A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcare benefits, but almost half of employees don’t even understand the benefits their employer already offers. Employee benefits success is all about communication.

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Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. By offering perks such as gym memberships and plenty of vacation time, companies can sweeten the deal for prospective new hires and attract top talent.

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Rethinking benefits and PTO in light of the COVID-19 crisis

Business Management Daily

Here’s a rundown of some of the employee benefits companies are taking a close look at in light of the COVID-19 situation: Healthcare. Paid vacation and PTO. Such a balance can be difficult in the best of times, let alone such challenging ones.

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Designing a Remarkable Employee Perks Program that Fuels Success

Vantage Circle

Health Insurance: Over 80% of employees over 42 want jobs that involve employer-provided healthcare ( Forbes Advisor ). The number shows the critical importance of healthcare in an employee's life. This helps them cover the cost of doctor visits, prescription medications, hospital stays, and other healthcare-related expenses.