Employee Benefits

News and Articles About Employee Benefits

4 Ways to Build a Company Employees Just Don't Want to Quit
Employee Retention

4 Ways to Build a Company Employees Just Don't Want to Quit

Sometimes good people leave for better opportunities but high employee turnover is a very expensive indicator your company culture is unhealthy.
Firas Kittaneh
4 Ways to Make Onboarding Happier for New Hires
Hiring Employees

4 Ways to Make Onboarding Happier for New Hires

Companies spend freely to find and hire talent, then leave them adrift when they start work. That's not smart.
Matt Straz
Your Employees Will Love You for Offering These 3 Family Benefits
Employee Benefits

Your Employees Will Love You for Offering These 3 Family Benefits

Nothing does more to stimulate employee loyalty than giving your team practical help balancing job and family obligations.
Matt Straz
5 Inexpensive Benefits Millennials Value More Than Health Insurance
Millennials

5 Inexpensive Benefits Millennials Value More Than Health Insurance

Younger workers, unsurprisingly, are less likely to demand health insurance than older workers but don't overlook their birthdays.
Heather R. Huhman
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
Chipotle Extends Benefits to All Employees
Chipotle

Chipotle Extends Benefits to All Employees

Hourly workers will now receive full tuition reimbursements, sick pay and paid vacations.
Kate Taylor
The Mutual Benefits of Creating a Culture of Learning for Employees
Company Culture

The Mutual Benefits of Creating a Culture of Learning for Employees

Businesses do themselves a favor by supporting team members eager to acquire new skills.
John Rampton
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
3 Benefits of the Affordable Care Act Every Business Leader Needs to Know About
Affordable Care Act

3 Benefits of the Affordable Care Act Every Business Leader Needs to Know About

Obamacare is helping smaller businesses to offer competitive benefit packages that were unaffordable previously.
Tor Constantino
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
Employee Wellness Programs Are Due for an Overhaul
Workplace Wellness

Employee Wellness Programs Are Due for an Overhaul

The secret to increased participation is to move it out of the office.
Lorna Borenstein
Why Ownership Is Now a Favorite Employee Benefit
Employee Stock Ownership

Why Ownership Is Now a Favorite Employee Benefit

Many people agree that giving employees an ownership stake, especially at a startup, is a surefire way to motivate them to bring their very best to the company.
John Boitnott

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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