Employee Benefits

Loss affects our ability to focus on work and often leaves us feeling overwhelmed. It’s an inevitable part of life, but many businesses don’t understand the importance of providing bereavement leave for their employees. The fact is, bereavement leave isn’t a legal necessity but most businesses should offer their staff time off to deal with losing a loved one. You don’t have to include bereavement time off in an employee’s...

Flexible benefits enable workers to access a wider benefits choice from the employer’s package. The employer will often decide the benefits levels and types they would like to offer their workers. According to the U.S. Bureau of Labor Statistics, in 2021, 31% of state and local government employees had access to flexible benefits. For education employees, it was 35%, 36 for hospital employees, and only 11% for private industry workers....

The term “sabbatical” comes from the Hebrew word for rest. It means that you have a period off where you do not work. In other words, you get some free time away from your regular duties. It is a paid leave period, so you don’t lose any money by taking these days off. You need to pay for them out of your pocket. This article provides a detailed guide on...

Looking to know the procedure to implement flexible benefits? You are at the right place then. Flexible benefits allow employees to tailor their benefits package according to their needs and preferences. Employees choose from a list of benefits offered by the employer and create customized flexible benefits plans. Managing perks and compensation is one of the most hectic tasks for any employer. It requires ensuring compliance with statutory benefits and...

Looking to know about the disadvantages of flexible benefits? You’re at the right place. With the escalating competition and the need to attract and retain the best employees, flexible benefits have become a norm in the corporate world. Competent workers are now looking for more than just a good salary. They also want benefits that can improve their quality of life. Appreciating employees’ efforts by offering them compensation is vital...

Are you looking for flexible benefit examples? If yes, you came to the right place. Flexible benefits are an effective way of personalizing employee compensation. The flexibility allows employees to tailor their benefits package to suit their individual needs and lifestyle. This type of flexible benefits package is popular as it offers employees greater control over how they spend their benefits budget. A well-designed benefits package helps an organization compete...

Are you looking for fringe benefits examples? You are in the right place then. Fringe benefits are fundamental organizational programs that boost the productivity and motivation of employees. You can offer several types of compensation to introduce and retain the top talent in your organization. Fringe benefits are an effective tool to engage your employees in various business operations. Offering fringe benefits is an excellent way to appreciate your employee’s...

How to calculate fringe benefits for employees? How to calculate fringe benefits per hour for employees? This guide teaches you everything about calculating fringe benefits and following best practices. Fringe benefits are a strategic tool that employers use to attract and retain top talent. Calculating fringe benefits demands from employers to stay compliant with the law while also providing a competitive benefits package to employees. By offering fringe benefits, employers...