Fringe benefits definition: Fringe benefits are additional benefits employees receive alongside their salary, though they aren’t legally required. These are often non-cash perks and used to improve the total rewards package offered by companies. These types of benefits increase employee satisfaction and build loyalty among your workers. Read on to learn more about this topic! Read more…
The “Great Resignation” has been a topic of conversation for the past two or so years. Since COVID, we’ve seen an ever-increasing rate of employees quitting their jobs, especially due their lack of employee benefits. According to a recent study, at least 20% of employees globally plan to leave their current job by 2022. The Read more…
Is your business maximizing employee engagement by offering a killer employee benefits survey? The Covid-19 pandemic forced a lot of companies to evaluate their benefits packages. Employees now view their types of employee benefits as the second most important reason to stay at their job. In an employee benefits survey sponsored by Aflac, 35% of Read more…
A competitive employee benefits package is valuable for attracting and retaining top talent. It can make employees feel appreciated, increase retention, and boost overall job satisfaction. In fact, some employees prefer additional benefits to a pay increase. There are two types of employee benefits: federally-mandated and voluntary. Examples of federally mandated benefits include: Failure to Read more…
With the demand for a work-life balance on the rise, a current pandemic, and a massive job market, employee benefits are more important than ever. If companies want to stay relevant up against competitors, offering a great benefits package is the place to start. This article will dive into the importance of benefits for both Read more…
