It's often better for employees, though, if flex time, PTO or vacation time is not unlimited, says Selena Rezvani, a leadership speaker and consultant based in Philadelphia who often advises human resources departments. "Unfortunately, research suggests that employees with unlimited vacation actually ...
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A severance pay agreement can help alleviate some of those concerns and support employees through the transition process. Here's what you should know as you design a strategy for employees leaving the company. What Is Severance Pay and How Does It Work? Severance pay includes pay and benefits ...
Flex benefits are so-named because they can be adapted to cover the things that matter most to employees, unlike traditional benefits. In some cases, depending on how a flexible benefits plan is structured, employees may receive a cash payout instead of opting into a perk. Many flexible benef...
What is Payroll? Payroll refers to the various tasks and responsibilities businesses must perform to pay their employees accurately and on time. It encompasses calculating wages and salaries; preparing checks or paying employees via direct deposit; withholding taxes and other deductions from employees’...
Related: When is Having a Health Savings Account and HDHP a Bad Idea?Why is a Health Savings Account Important?A health savings account offers triple tax savings and can be extremely beneficial to employees enrolled in high-deductible health plans through their employer’s insurance program. The...
Unlimited PTO is one type of flex time off that employers may offer – but these terms don’t always mean the same thing. While unlimited PTO refers specifically to a paid-time-off policy in which employees choose how many days off to take, flexible time off refers to any...
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