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.
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Here's How to Offer Competitive Benefits Without Sacrificing Salary

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Small organizations get creative to attract employees, then keep them healthier and happier.
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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
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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

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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.”