Remove Benefits Remove Compensation Remove Events
article thumbnail

Compensation and Benefits

AIHR

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. This money is subject to taxation.

article thumbnail

Types of Employee Benefits: 12 Benefits HR Should Know

AIHR

The types of employee benefits an organization provides carry weight in today’s employment market. Compensation on its own is not enough to engage employees and attract job seekers who now expect more comprehensive rewards for their work. Contents What are employee benefits? Why are employee benefits important?

Benefits 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

27 Key Drivers of Employee Engagement To Benefit Your Workforce 

AIHR

Celebrate cultural milestones: Recognize and celebrate milestones that reinforce company culture, such as diversity days, anniversaries, and community events. GET STARTED Driver 11: Fair compensation Fair compensation reflects how much the organization values its employees.

article thumbnail

Benefits Coordinator Job Description: Salary and Job Responsibilities (with Examples)

AIHR

In today’s fast-paced and competitive business environment, a skilled Benefits Coordinator is vital for employee wellbeing and satisfaction. According to a Qualtrics report, employees who are satisfied with their salaries and benefits are 13% more likely to continue working for their current employer for 3+ years.

article thumbnail

Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). History of benefits compliance. Employers have been offering employee benefits since the late 1800s. Retirement.

article thumbnail

Does Your Employee Benefits Package Need an Overhaul in 2023?

Zenefits

As 2022 comes to a close, companies may be reassessing their employee benefits packages for the new year. It may be time for businesses big and small to look over the benefits they offer. The competitive job market today calls for only the most cutting-edge benefits for recruiting and retaining the best talent.

article thumbnail

fired employee says he’s coming to a work event, employee never saves things on our shared drive, and more

Alison Green

I feel like she is owed some type of compensation beyond her regular pay for that day. This was to no avail, as here we are now in April and my coworker still has not been compensated and has heard nothing on this matter from anyone. We don’t employ any security guards, and I am feeling extremely uncomfortable about the event.