More From This Topic

Healthcare

This Startup Aims to be the Slack of Healthcare

HealthJoy's communication platform uses artificial intelligence and chatbot technology to hold down healthcare costs.
Employee Benefits

5 Ways to Improve Employee Care During an Uncertain Time

Health insurance turbulence shows little is for certain. Your team will appreciate you doing what you can to watch out for their well being.
Employee Benefits

The 'Seasonal' Benefits Your Employees Might Really Want: How About a Trip to the Tropics?

How'd you like working for a company that each February takes its employees "someplace tropical"? How about leading one?
Saving Money

Americans Are Not Good Savers. These Entrepreneurs Are Helping Change That.

People feel too squeezed to put money aside. Entrepreneurs are exploring how to take the pain out of the process.
Perks

3 Misconceptions That Are Killing Your Recruiting Efforts

Doggie daycare and other perks are fun, but they aren't the last word in recruitment -- people are.
Benefits

4 Tips for a Stronger Employee Benefits Program in a Multigenerational Workplace

Knowing your workforce demographic -- including what they appreciate and need -- is vital to recruiting and retaining talent across a workplace that can now employ up to five generations.

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.”
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.