Employee Benefits

News and Articles About Employee Benefits

Virgin's Unlimited Vacation Policy: PR Ploy or New Employment Paradigm?
Unlimited Vacation

Virgin's Unlimited Vacation Policy: PR Ploy or New Employment Paradigm?

Richard Branson's pioneering policy of unlimited vacation has been met with remarkable skepticism over the past year.
Dixie Gillaspie
Preparation and Follow Up Are Key to Reducing Open Enrollment Hassles
Benefits

Preparation and Follow Up Are Key to Reducing Open Enrollment Hassles

A patient communication campaign is required if every member of team is to make well-informed choices about benefits.
Matt Straz
2 Big Employers Tell Gay Employees to Marry or Lose Partner Benefits
Employee Benefits

2 Big Employers Tell Gay Employees to Marry or Lose Partner Benefits

With same-sex marriage legal in most states, some employers will no longer recognize domestic partnerships for granting family benefits.
Heather R. Huhman
Chinese Billionaire Treats 6,400 Employees to a Free Vacation in France
Employee Benefits

Chinese Billionaire Treats 6,400 Employees to a Free Vacation in France

Tiens CEO Li Jinyuan just took employee appreciation to a whole new level.
Kim Lachance Shandrow
4 Trends in 401(k) Plans Entrepreneurs Need to Know About
401(k)s

4 Trends in 401(k) Plans Entrepreneurs Need to Know About

Retirement benefits only trail salaries in the consideration of employees choosing who they work for.
Matt Straz
Companies Gain Competitive Advantage by Improving Employee Health
Health Insurance

Companies Gain Competitive Advantage by Improving Employee Health

Encouraging employee wellness turns out to be one of the best productivity investments companies can make.
Pratik Dholakiya
Starbucks Finds a Free-Market Solution to Education Costs
Education

Starbucks Finds a Free-Market Solution to Education Costs

An important shift in who actually subsidizes out-of-control tuition inflation seems like a good first step.
Ray Hennessey
Employee Benefits

Is Your Company a Good Fit for an Employee Stock Ownership Plan?

This setup grants tax advantages while enabling workers to receive valuable stock in the firm when they retire.
Howard J. Levine
How the Timbuk2 Brand Went From Basement to Famous
Marketing

How the Timbuk2 Brand Went From Basement to Famous

To scale his bag company Timbuk2, the founder had to keep his startup mentality when growing his brand.
Melanie Spring
Startup HR: How to Compete With Big Firms for Talent
Growth Strategies

Startup HR: How to Compete With Big Firms for Talent

With talent wars waging on, startups need some little secret sauce to nab top-tier talent. Here are a few tips.
Jake Gibson
How 10 Savvy Companies Use Food to Boost Morale and Collaboration
Business Management

How 10 Savvy Companies Use Food to Boost Morale and Collaboration

The key to your staff's heart (and productivity) might be through their stomachs. Check out the innovative ways these companies are getting work done while keeping bellies full and spirits high.
Linda Lacina
Employees Everywhere: We Want a Raise This Year
Growth Strategies

Employees Everywhere: We Want a Raise This Year

2014 looks like the year that employees are finally saying, 'It's time to take care of me.'
Laura Entis
The Lunch Table: The Low-Tech Management Tool You're Not Using
Growth Strategies

The Lunch Table: The Low-Tech Management Tool You're Not Using

Eating together can increase collaboration, trust and morale. So why aren't you doing it?
Linda Lacina

Employee benefits are benefits offered to employees from employers, such as health insurance, disability insurance and a retirement plan, to name a few. Benefit plans can add approximately 30 to 40 percent cost to the base pay of most employees. However, offering employee benefits can shape a company’s culture and affect employee retention -- as well as the quality of talent attracted to a business. Some benefits are mandatory by federal law and some aren’t -- but are deeply important to employees.

Small businesses: Often times, small-business owners believe they can’t afford to offer employee benefits -- and with good reason. However, currently the Affordable Care Act subsidizes the cost of medical insurance for businesses that have fewer than 25 full-time employees.

Here are some employee benefits that are required by law:

  • Time off to vote, serve on a jury and perform military service.
  • Compliance with all workers' compensation requirements.
  • Compliance with the Federal Family and Medical Leave.
To find out more about employee benefits, read “Weighing a Rollout of Benefits for Employees? 4 Tips for Startups to Consider” and “The Basics of Employee Benefits.”
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