Benefits

Most employers are intimately familiar with the usual suspects of employee benefits, like 401(k) plans and health coverage options, but have you ever wondered about all of the other kinds of benefits different employers offer? Let's take a comprehensive look at all of the different kinds of benefits that organizations offer today, including some you may never have even considered.

Wellness and Health Benefits

Employee benefits are often a cornerstone of an organization’s employee engagement strategy. According to MetLife’s 14th Annual (2016) U.S. Employee Benefit Trends study, only 45% of employees say they are planning to be with their employers in 12 months, making benefits a key mechanism for helping retain valuable workers. 

Presenteeism – or when workers show up when they shouldn’t – is the flip side of absenteeism. Contrary to many opinions, it’s just as bad for business. Most often, presenteeism means sick workers coming into work when they’re unwell, unproductive, and often – much worse – infectious.
From the employer’s perspective, a benefits package has a job to do. You spend time, energy and money putting together a competitive package, and it should benefit not just your workers, but also the organization itself.
It's a competitive world out there when it comes to recruiting and retaining top talent, and a company's benefits are inevitably one of its major selling points. According to a 2015 MetLife study, "Employees who are very satisfied with benefits are almost 4x more likely (81% versus 22%) to be very satisfied with their jobs.” Here are the top trends in benefits to make sure your company is staying on top of the marketplace.
If you want to stand out to your employees — and to prospective workers in a competitive marketplace – you might consider some unconventional benefits. Here are six examples from well-known companies.
Five cost-effective ways to make the most of compensation options.
Expand your 401(k) program with these easy tips for increasing participation.
Happiness with benefits correlates strongly with employee satisfaction: three out of four employees who do rate their benefit package as excellent or very good also rate their employer as an excellent or very good place to work.
Health savings accounts are designed to give you more control over how you save and spend your health care dollars.
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