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Companies often offer time off from work as a benefit of working for them. “Paid time off “is a company policy that generally covers vacation and sick time in a single allotment of time off for employees instead of having different allotments for different types of leave. Whether an employee is sick, needs time to …

Continue reading “Paid Time Off (PTO) Policies – All You Need to Know”

How do smaller employers compete with large companies that seem to be able to offer high salaries and a wide variety of benefits? All companies, no matter how big or small should design employee benefits packages that will appeal to their employee population and target the employment market. There are endless options when it comes …

Continue reading “Best Employee Benefits Packages: What You Need to Know”

Burnout is becoming more common in the workplace. The World Health Organization has classified burnout as an occupational phenomenon, but more research is needed at this time to determine how burnout impacts employees’ mental health and wellbeing. While burnout can impact anyone in the workplace, millennials (those who were born between 1981 and 1996) were …

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Being an entrepreneur in today’s world is an act of courage, determination and strong leadership. Supporting those who choose to overcome the obstacles of building a new business from scratch is an inspirational journey, especially if we are talking about the financial part of a business, like payroll solutions, benefits administration or HR trends. When …

Continue reading “Next Gen Summit 2019 – HR Trends for Aspiring Entrepreneurs”

Update 2020: Harassment Prevention Training – US Legal Requirements Harassment prevention continues to be an important topic in 2020. California, Connecticut, Delaware, District of Columbia, Illinois, Maine, New York City, and New York State, all currently have sexual harassment prevention training initiatives and we anticipate that other states and cities will implement requirements moving forward. …

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HSA, FSA – the list of acronyms for employee health benefits in the US can be confusing. Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) are two types of tax-favored health plans that employers can offer as part of their health benefits, but they are not stand-alone plans. The type of account you have …

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Employee benefits continue to be an important consideration for employers who are looking to make the biggest impact with their employee investments. As unemployment rates remain low, candidates are comparing benefits that companies offer in addition to cash compensation and reputation. 1. Financial Wellness Health benefits have taken center stage in recent years with the …

Continue reading “7 Employee Benefits Trends for 2019”

There are several different tax-favored health plans available in the US. Your employer may choose to offer one as part of your employee health benefits, but exactly which plan will vary for each company. An FSA is a Flexible Spending Arrangement or Flexible Spending Account, which allows employees to be reimbursed for qualified medical expenses.

Wellness programs, employee discounts, commuter benefits, and free lunches are all perks that employees may be eligible to get because they work for a company. These are sometimes called “fringe benefits”. When used appropriately, they can be a powerful tool for employers to recruit and retain talent. Recent Updates to Fringe Benefits A fringe benefit …

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HSAs, also known as a Health Savings Account, are a benefit that employers can offer to employees to help with employee health care costs. They offer flexibility to employees while containing costs for employers. This is an interesting option when considering employee incentives, particularly health insurance. What is an HSA? An HSA is a benefit …

Continue reading “What is an HSA and What You Should Know About It”