Employee Benefits

Tired of Administering Benefits? 4 Perks Workers Can Manage With an App.
Employee Benefits

Tired of Administering Benefits? 4 Perks Workers Can Manage With an App.

When benefits providers offer self-service systems, take advantage of them.
Tiffany Delmore | 4 min read
5 Unexpected Business Decisions You Should Negotiate

5 Unexpected Business Decisions You Should Negotiate

Cash flow woes can kill a company, but there are a few surprising opportunities to negotiate a bigger cushion for your small business.
Tiffany Delmore | 6 min read
Here's How to Offer Competitive Benefits Without Sacrificing Salary

Here's How to Offer Competitive Benefits Without Sacrificing Salary

Small organizations get creative to attract employees, then keep them healthier and happier.
Dave Chase | 7 min read
Let 2019 be the Year Your 401(k) Loses the Dead Weight

Let 2019 be the Year Your 401(k) Loses the Dead Weight

The ups and downs of the stock market are less of a retirement worry than the year-after-year drain of excessive fees.
Tom Zgainer | 5 min read
How to Attract and Retain Top Talent

How to Attract and Retain Top Talent

Building your employer brand: A can't-miss discussion covering all the dos and don'ts of hiring and keeping the best employees.
Entrepreneur Events | 2 min read

More From This Topic

Unemployment Is Way Down: 3 Tips to Attract Employees in a Tight Market
Employee Benefits

Unemployment Is Way Down: 3 Tips to Attract Employees in a Tight Market

Now that ping-pong tables have become table stakes, it will take benefits with substance to attract the best employees.
Peter Daisyme | 5 min read
Does Richard Branson's 3-Day Workweek Actually Work?
Work-Life Balance

Does Richard Branson's 3-Day Workweek Actually Work?

Employees want flexible schedules and more hours for the rest of their lives. Businesses have a lot to gain by giving them what they want.
John Rampton | 5 min read
Trouble Recruiting and Keeping Talent? Your Skimpy Health Insurance Is a Likely Cause
Health Insurance

Trouble Recruiting and Keeping Talent? Your Skimpy Health Insurance Is a Likely Cause

Millennials, just like their parents and grandparents before them, want good health insurance, help saving for retirement and vacation time.
Andrea J. Miller | 5 min read
Why a Generous Paternity Leave Policy Can Be Bad for Equality
gender equality

Why a Generous Paternity Leave Policy Can Be Bad for Equality

Gender-neutral parental leave policies can be great for women -- but only if fathers take full advantage of the time off.
Javier Frank | 4 min read
8 in 10 Employees Live Paycheck to Paycheck -- How You Can Help Them Break the Cycle
Debt

8 in 10 Employees Live Paycheck to Paycheck -- How You Can Help Them Break the Cycle

Financial struggles for employees also create problems for employers.
Heather R. Huhman | 5 min read
Invest in Your Business by Developing Leaders From Within
Managing Employees

Invest in Your Business by Developing Leaders From Within

Focus on your mid-level employees to help them grow with your company.
Sirmara Campbell | 4 min read
United Airlines' Bonus Lottery Was Doomed to Fail. Don't Make the Same Mistake With Your Team.
Employee Benefits

United Airlines' Bonus Lottery Was Doomed to Fail. Don't Make the Same Mistake With Your Team.

Your employees don't want rewards -- they want respect.
Brittany Larsen | 4 min read
7 Reasons Why Keeping the Job You Have Might Be Your Smartest Career Move
Career Change

7 Reasons Why Keeping the Job You Have Might Be Your Smartest Career Move

Leaving your comfort zone is not automatically a brilliant idea.
Tracy Maylett | 6 min read
Why You Should Encourage Employees to Be 'Selfish'
Managing Employees

Why You Should Encourage Employees to Be 'Selfish'

Selfishness doesn't have to be a negative trait.
Dan Ruch | 5 min read
This Startup Aims to be the Slack of Healthcare
Innovation Now

This Startup Aims to be the Slack of Healthcare

HealthJoy's communication platform uses artificial intelligence and chatbot technology to hold down healthcare costs.
Marsha Hunt | 7 min read

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.”