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14 hours ago
I have two exempt employees, who currently have the same benefits (vacation pay, sick pay, retirement). One employee is requesting the ability to buy an additional week of vacation.
20 hours ago
Meanwhile, benefits are extra services given by the company under a predefined agreement. But, according to some sources, employee benefits are a kind of compensation. Employee benefits, on the other hand, are not always cash. The intention of both is the same: to show appreciation for employees.
2 hours ago
You generally do not have to provide the exact same benefits to all employees, but you do have to offer the benefits on a nondiscriminatory basis. By Robin Thomas, J.D.
22 hours ago
Employee benefits have become a battleground between employers and employees. An unfortunate paradox of employee benefits is that, unlike many employees, employers can choose benefits they actually want. This often sounds more like a problem than a solution; after all, if employers get to pick and choose, why can't employees do the same?
5 hours ago
In fact, employers can offer different benefits to different employees, as long as they treat " similarly situated individuals " equally. That means that those within a "class" that the business created, receive the same level of benefits. As such, employers have a lot of freedom in structuring their benefit plans.
15 hours ago
Employee benefits management: How to do it effectively. Employee benefits have a significant impact on the administrative aspect of HR, especially when regulatory issues are involved. But there are ways to manage benefit plans more effectively to save time and reduce the possibility of mistakes. Here are five things to consider:
28 hours ago
Part-time employees are often not offered the same benefits as full-time employees, but sometimes they can be eligible for certain benefits. The Employee Retirement Income Security Act (ERISA) requires that any employee that works at least 1,000 hours a year be extended the option to participate in an employer retirement plan.
33 hours ago
Employee benefits are compensation provided to employees in forms of cash. Under unemployment insurance, the same tax rate is imposed on every employer in the state. The amount of sick leave is based on the length of service of an employee in the organization.
36 hours ago
The same survey showed that 58% of employees have lost sleep due to worrying about adequate childcare. Sleepy, worried employees lack focus at work. You can offer benefits that will help employees relieve their stress. When employees have the ability to take care of issues beyond work, they can be more present at work.
13 hours ago
16+ types of employee benefits you should consider. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Below, we've loosely categorized these types of employee benefits and given a basic definition of each.