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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. What are Fringe Benefits? The Bureau of Labor …

Continue reading “The Evolution of Fringe Benefits”

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 …

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Employee benefits encompass a wide range of offerings that a company can provide to its employees. The most common benefits in the US include health and dental insurance, retirement savings (such as a 401(k)), vacation time, and other paid time off (such as maternity leave). But benefits don’t need to be common – they can …

Continue reading “Do You Offer Competitive Employee Benefits?”

Nonprofit organizations have employees, so they face HR challenges just like for-profit organizations do. These challenges can be related to recruitment and retention, performance management, employee relations, compensation and benefits, and anything else that impacts the employee in the workplace. According to Statista, there were 1.5 million nonprofits in the US in 2020. Changes to …

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Maternity Leave Law – Updates As of April 1, 2020, small businesses with fewer than 500 employees are required to provide emergency paid sick leave and family leave benefits to employees impacted by COVID-19, according to the Families First Coronavirus Response Act. In 2020, eligible employees in 5 states either had access to paid family …

Continue reading “History of Maternity Leave in the US”

Good employees can have a significant impact on your business results, so having a strategic HR management plan can help your company retain top talent. Of course, not all employees are top performers, but having high employee engagement will help to ensure your best performers are happy. Did you know that a Harvard Business Review found …

Continue reading “How to Retain Top Talent”

Artificial intelligence (AI) is creeping into our daily routines more than you may realize. Every time you ask Siri or Alexa a question, AI is at work. Have you received a text or email from your bank asking about a suspicious purchase? AI is at work there too. These are simple examples, but data scientists …

Continue reading “6 Ways to Use Artificial Intelligence in HR”