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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. No Federal Insurance - There is no federal government insurance for annuities as there is for bank products (FDIC) and investment products (SIPC).

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Benefits: These encompass various perks and protections offered to employees, including health insurance , retirement plans, paid time off, and other fringe benefits. Benefits: In addition to salaries, companies often provide benefits such as health insurance, retirement plans, paid time off, and bonuses.

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

With Drewberry Insurance’s Workplace pension survey , published in March 2022, revealing that 41% of respondents did not understand their workplace pension, employers need more effective ways of helping their staff gain the knowledge they need to plan for their retirement.

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What is a PEO?

Insperity

Typically, with PEO-sponsored benefit plans, your employees will have access to a wider variety of benefits than your company could obtain on its own. Joining a PEO provides you with workers’ compensation insurance coverage. A PEO’s training services may also include live or virtual training seminars.

Payroll 101
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It’s time to embrace online benefits enrollment

PeopleStrategy

HR teams within companies where technology access is more widespread are planning and implementing virtual open enrollment processes, or are looking at ways to bring greater efficiency and accuracy to existing online benefits operations. To maximize engagement, consider adding incentives or contests to your seminars.

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Examples of fringe benefits by category

Business Management Daily

Other options like work-from-home stipends and cell phone plans keep existing employees happy, reducing turnover and boosting productivity. Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary.

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Best Benefits for Engineering Firms

Winston Benefits

Health Insurance. Global firms may offer packages that help with private coverage if local employees are covered by national health insurance. In addition, 401(k)s are common at engineering firms, but Arup contributes to retirement plans whether the employee contributes or not. Flexibility and Work-Life Balance.