I agree that healthcare benefits and vacation time are the most desired voluntary employee benefits. An employee benefits plan can also include short-term disability, long-term disability, life insurance coverage, 401(k) plans, and of course vacation time along with health care benefits. ...
A comprehensive guide to employee benefits for small business owners. Learn how to attract and retain talent with competitive benefits packages, from health insurance to retirement plans.
Unlike defined benefit (DB) pension plans, which are professionally managed and guarantee retirement income for life from the employer as anannuity, DC plans have no such guarantees. Many workers, even if they have a well-diversified portfolio, don't put enough away regularly and will find that...
Some benefits programs are required by law, although this can vary from state to state. All across the U.S., for instance, companies must give employees time off to vote, serve on a jury, and perform military service. In contrast, companies are not expected to provide health plans except ...
If you are offered a benefit that you do not understand, contact your human resources department or benefits administrator. Making Changes to Employee Benefits Most companies will allow you to change your benefits periodically. You'll likely be able to change how much you contribute to your 401(...
What Keeps You Up at Night Regarding Your Employee Benefit Plans? How Much Could Non-compliance Really Cost?Tiffany DownsSara HallBeth Hecht
The first and most important benefit of employee training is that it results in increased productivity and performance. Training helps employees to discover their strengths, identify areas of improvement, develop action plans, and provides direction and feedback, all of which help employees to become...
employees with their stock, either in the form of employee stock option plans (ESOP),Restricted Stock Units(RSU), or employee stock purchase plans (ESPP). This article covers ESOPs in detail. It explains What are Employee Stock Options, what is granting & vesting of ESOP, How are ESOP ...
EBRI surveys have consistently found that the benefit employees value most after health insurance is access to a retirement plan, with all other benefits coming in at "a distant third," Fronstin said. People who have workplace retirement plans such as 401(k)s are far more likely to save ...
Learn about Employee Stock Purchase Plans (ESPPs), including how to enroll and participate, and tax implications. An employee stock purchase plan (ESPP)1is an optional program that allows you to buy shares of your company's stock at a discounted price. You select how much money you'd like...