You can also offer employee stipends to your employees to help them pay for a wide array of expenses important to them. These taxable benefits allow you to easily reimburse employees for expenses such as health, wellness, remote work, transportation, and education costs. Wellness stipends are ...
19. Customized learning stipendsCustomized learning stipends empower employees by funding their professional growth through courses, certifications, or conferences that align with their personal goals and career aspirations. This type of incentive demonstrates your organization’s commitment to continuous ...
As part of an ERG, underrepresented employees work together to build a strong community. The ERG program initiative brings to light the concerns and needs of the employees so that the organization’s senior leadership and HR leaders can develop policies that benefit them and support those needs. ...
Provides employees with a set income regularly at a later date; qualified employee annuities allow workers to fund it through pre-tax contributions. Life insurance and death benefits Financial security Issues employee beneficiaries a sum of money following an employee’s death; either employees, em...
Family stipends A family stipend, sometimes known as a family allowance, is an additional sum of money given to employees to help them pay for family-related expenses. For example, adoption fees, childcare, household supplies, groceries, travel costs, and more. The European Patent Officeoffers ...
Employee compensation is the total amount of all pay and benefits paid to an employee. Create a competitive compensation plan to attract and retain talent.
Surprisingly, given how much employees value benefits, it’s common for employees not to be familiar with their company’s benefits program, which means they don’t take advantage of what’s on offer. Forbes reported that as many as50% of employees don’t understand their benefits. Keeping ...
Everyone's development journey should look different. We provide an annual external training stipend for use towards development classes, professional associations, or conferences that match your individual development goals. Additionally, we sponsor a number of other career development and learning experienc...
Alternatively, you can offer reimbursement for tuition costs relevant to the employee’s industry and role. Some companies approach this in a tightly defined way to restrict what types of education are eligible, others provide a more flexible learning stipend suitable for classes, workshops, and ...
Offering a competitive employee benefits package may be the best thing you can do to attract and retain top talent. Here's how to create one that works.