Employee Benefits

Benefits

Do I Need to Give Benefits to My Hourly Workers?

From a legal perspective, there's a lot to consider.

				
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 NegotiateCash 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 SalarySmall 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 WeightThe 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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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.”