Stipends play a crucial role in supporting individuals during periods of education, training, and internships. By providing financial assistance, stipends enable recipients to focus on their development and gain valuable experience without the immediate need for full-time employment. Understanding the na...
What is a stipend? How it works and tips to make the most of it Compensation and benefits: Why the right pay and perks matter Write a salary negotiation email to earn what you deserve Asking for a raise: Tips to get what you’re worth Stipend versus salary: How to navigate the...
What is fixed pay? Fixed pay is the monthly salary companies guarantee their employees in exchange for their services.It includes basic pay and any additional allowances — like housing, childcare, or transport. The amount of fixed pay stays the same regardless of hours worked or individual perf...
Paid internshipsoffer interns a salary or financial compensation, either as a stipend or an hourly/monthly wage. These are very common, especially in industries like finance, engineering and tech. Unpaid internshipsare often found in non-profit organizations, government agencies, as well as creative...
A Lifestyle Spending Account (LSA) is an employer-sponsored benefit that allows employees to set aside money for discretionary spending. LSAs are customizable and can be used for a variety of expenses such as child-care, wellness programs, transportation, home office equipment, and much more. Ho...
Since, in a health insurance plan, the insurance provider does not pay for the entirety of your yearly medical costs, you have to pay a certain portion of these costs from your pocket. The deductible is one of these out-of-pocket payments. Before your insurance kicks in, you must first ...
However, it is fixed in the sense that whether the check-up amounts to $100 or $150, you will still pay the same copayment price. Let’s say your copay is $30 for a check-up, then this is the amount you will always pay, regardless of the check-up bill given. ...
Holly Bengfort is a content marketing specialist at PeopleKeep, with two years of experience in HRAs and health benefits. Having experienced the QSEHRA firsthand as an employee, Holly provides invaluable insights into how it can benefit small businesses and their workforce. Before joining the team...
One way to keep agency costs under control is to avoid hiring interns or apprentices as employees. Instead of paying them a salary, you can pay them a stipend or give them a few hours of work each week to avoid the cost of benefits. If your business requires large amounts of travel ...
One way they've made the jump is by offering increasingly robust employee benefits packages to both part- and full-time employees—and it appears they're on the right track. Nearly 79% of employees in a recent Glassdoor survey said they would take additional benefits over a...