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Salary Benchmarking: The Key to Attract and Retain Top Employees

Vantage Circle

You can establish what a ‘competitive’ salary is through a process called ‘salary benchmarking’ Let’s take a look at what salary benchmarking is and how you can use it to bring the best of the best to your business. What is Salary Benchmarking? How to do Salary Benchmarking 1.

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Decoding Life Insurance as an Employee Benefit

Zenefits

Generally, health insurance, PTO days, and remote work tend to be the top core offerings. But there’s another bread and butter benefit that should be on your radar: life insurance. How does employer-sponsored life insurance work? Purchasing life insurance for your workers is fairly straightforward.

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Helping Employees Understand Health Insurance Costs

Zenefits

But for businesses in which their employees select a plan from the government health insurance marketplace, open enrollment and explaining healthcare plans can be a complex topic for the HR team. In this article, we’ll break down how to explain the real cost of insurance. Premiums are only a fraction of health insurance costs.

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What to Know About Small Business Liability Insurance

Zenefits

And insurance is meant to cover you — but what policy do business owners actually need? We can’t say what will work for your specific business, but we can lay out what to consider when choosing a policy, key insurance types in simple terms, and how to select a sound insurance policy. What insurance does a small business need?

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How to Evaluate Your Compensation Plan

Zenefits

Benefits : Paid time off, sick days, holidays, health insurance, other insurance. Benefits and other programs beyond wages account for an average of 31.2% of total compensation, according to the Bureau of Labor Statistics. Benchmarking. Benchmarking needs to go beyond pay. No account yet? Remember Me.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

But, like everything else these days, the cost of providing healthcare insurance is rising. While the burden will be on insurance carriers to provide this information, the new rules require both employers and providers to comply. If you work with an insurance carrier, you must make sure they follow these rules.

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Compensation and Benefits

AIHR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. For example, in the United States, health insurance makes up a key component of benefits. Some benefits are exempt from taxation.