Workplace Benefits
Invest in your Team
Empower your employees with Tailored Benefits Packages
Benefits can be a win-win for both employees and employers.
Providing a qualified benefits program to your employees that is comprehensive, flexible and affordable will help you achieve your goals as a company faster. Offering benefits helps you attract and retain talent and creates a healthy environment in your workplace by providing a commitment to the personal and professional well-being of your employees.
This support results in greater job satisfaction, which increases productivity and employee loyalty. In addition, a healthy and motivated workforce can reduce absenteeism and improve the work environment. Investing in benefits means investing in the future of the team and, in turn, in the success of your company.
What are employee benefits?
Employee benefits are a form of compensation provided to employees in addition to their basic wages and salaries. These benefits commonly include individual and/or family-option health insurance plans, life insurance, paid time off (PTO), retirement, dental and vision plans, savings plans, and more. Basically, any form of indirect payment offered to an employee, which can be mandatory or voluntary.
Some employee benefits are required by law. For example, benefits must contribute to their employees' Social Security and Medicare. Additional benefits beyond the requirements are often called fringe benefits or supplemental benefits.
Each state's benefit requirements differ, such as rules about sick leave or coverage of remote work expenses. However, there are standard benefit regulations that all benefits must follow.
Federal statutory legal employee benefits for employers include:
Most of these provisions apply to employers with more than 50 full-time employees. For small business there are certain exceptions.
Employee Benefits Not Required by Law
An employee benefits package is an impactful way to engage employees and create a positive workplace culture. Since today’s employees increasingly report that company-provided benefits are a significant consideration when evaluating job offers, many employers include these as a part of their basic benefits package to gain a competitive edge in recruiting and retaining a high-caliber workforce. In some states, employers must offer an employer-sponsored retirement plan or enroll employees in a state-sponsored retirement savings program.
Offering employee benefits has several advantages for businesses of all sizes, and the numbers prove it. Employer's benefits package is an essential factor in whether or not they accept a job. Simply put, if you want to attract and retain top talent, show your organization's worth, and increase morale, you must offer an attractive benefits package.
Popular types of employee benefits
Health Insurance Plan
Dental Insurance
Vision Insurance
Paid Time Off (PTO)
Retirement Plan (With or without employer contribution)
Life Insurance (Group or Individual Payroll option)
Supplemental Health Insurance (Accident, Hospital, Critical Illness, Cancer, Short and Long Term Disability)