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…
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…
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…
It took a global pandemic to make the corporate world really wake up to the clarion call of employee wellness. We shifted our entire work culture to be able to continue taking care of business, and we had to – individually and collectively – assess our overall health and wellness risk factors to ensure we Read more…
A successful wellness program aims to enhance employees’ holistic health and well-being, whether physically or mentally. On the physical side, this involves health screenings to monitor key health metrics such as weight, blood pressure, cholesterol levels, and sleep patterns. In the past, this process was tedious and manual. However, technology now allows providers to record Read more…
