Employee Benefits
Employee Benefits · December 16, 2024
A recent survey reported that 80% of respondents had at least some level of financial stress; 27% reported high or overwhelming stress. A second survey found that 72% of Americans live from paycheck to paycheck, which means they sometimes have difficulty paying their basic expenses. Surprisingly, a recent survey found that nearly half (49%) of baby boomers are among those living paycheck to paycheck. In other words, most people are anxious about their financial well-being.
Employee Benefits · September 23, 2024
Fringe benefits may be available to everyone in the company or may be used as incentives for meeting certain goals. They may be paid or given in the form of an achievement award. They are always considered compensation for services beyond employees’ normal rates of pay. In this way, they are unlike legally required benefits, such as workers’ compensation, which are based on a company's size and the number of employees and vary from state to state.
Employee Benefits · September 16, 2024
An employee stock ownership plan creates a well-defined structure in which your employees gain stock ownership. It also helps you with your financial goals, including a better alignment between your and your staff's financial goals.
Employee Benefits · August 05, 2024
Even if employers do not think of it this way, they rely on the health and well-being of their employees to keep their businesses running. Employee absences disrupt any business's workflow.
Employee Benefits · July 08, 2024
Start with the idea that 30 days of leave are the bare minimum for staff. These days of leave include vacation days, sick days, holidays and other personal days.
Typically, U.S. employers grant 10 days of paid vacation time — two full weeks — per year to each full-time employee. Holidays, roughly 10 per year, are defined as national or state holidays that everyone takes off.
Employee Benefits · April 23, 2024
If you want to help your employees stay on top of healthy habits, gamification can help. Prioritizing health and fitness becomes a lot easier when your health-related goals are broken down into mini goals with a mobile health app or on desktops. Mental rewards keep your team motivated by implementing some modern design principles.
Employee Benefits · January 15, 2024
Companies are introducing sabbaticals for long-term employees to use for personal projects that take more time than a vacation affords. Professional development, community service and travel are packed into sabbaticals.
Employee Benefits · November 20, 2023
Managers reap benefits from giving presents to their teams: Recipients may feel a morale boost and increased motivation to improve productivity. It may be only a modest gesture, but they are more likely to apply their best efforts when they feel valued.
Employee Benefits · July 17, 2023
Want to attract and retain workers? Who doesn't? Consider free meals. Company-paid lunches are a major perk that's hard to pass up, especially if you're a millennial. USA Today reported that providing free food to your employees can result in a 67% job satisfaction rate.
Employee Benefits · June 06, 2023
The importance of health and wellness in the workplace is indisputable. In a 2021 survey, 79% of employees said their employer's well-being programs helped them become as productive as possible. Additionally, 79% said these programs helped them avoid getting sick.