In 1978, an unlikely combination of tax reform legislation and a desire to save on medical costs gave rise to the Flexible Spending Account (FSA), a key employee fringe benefit still commonly used today. For most individuals with employer-funded health plans, a flexible spending account is a flexible spending arrangement where employees enjoy pre-tax savings Read more…
Category: Benefits Strategy
;Best practices and insights about how to design and run your company’s wellness benefits program.
Benefits Strategy
Employee Fringe Benefits: Why They Matter and 10 Benefits Your Company Should Offer
Today’s job market is fiercely competitive. Attracting and retaining talent has never been more challenging. Be it the result of the Covid-19 pandemic or the ‘Great Resignation’ trend, top talent know their worth and require more than just a competitive salary. They seek meaningful perks that go beyond the standard paycheck. This is where employee Read more…
Benefits Strategy
What are Employee Perks and Are They Important?
There was a time when hefty paychecks alone were the ideal talent magnets to attract, retain, and motivate in-demand industry professionals. However, the job landscape has changed dramatically, and fringe benefits such as employee perks are becoming an increasingly non-negotiable part of the overall employee work experience. These perks keep employees happy, helping you build Read more…
Benefits Strategy
What are the Best Employee Incentives Right Now and How Do You Implement Them?
In today’s competitive business landscape, many companies realize that workplace culture can no longer be treated as an afterthought. Each year, unhappy workers cost US companies much more than a bit of pocket change – a staggering $450 to $550 billion in loss of productivity, according to a Gallup report. Recognizing that a more motivated Read more…
Benefits Strategy
7 Benefits That’ll Get Your Employees Closer to the Coveted Work-life Balance
Ah, the coveted work-life balance. More than ever, employees want a healthy balance between work and their personal lives to steer clear of burnout. In fact, one-third of workers say work-life balance is the most important of all benefits. How’s your team’s work-life balance looking? If it could stand some improvement, learn about a few Read more…