An employer-sponsored 401(k) plan is a great way to save money for retirement. With matching contributions from your employer, you are essentially getting free money added to your savings. However, you may not stay with the same employer for the duration of your working years. What happens to your 401(k)
An attractive benefits package can help attract top talent to your company. It can also help you retain the most valuable asset your business has – your staff. Employees who are well compensated for their work through pay, benefits, and perks are more motivated to do their work well and
Employers today are taking a more serious approach to the health and well-being of employees. Healthy workers mean increased productivity, decreased absences, lowered health insurance expenses, reduced turnover, and a lower risk of workers’ compensation claims. Wellness programs are designed to improve employee health through exercise, weight loss, and preventive
Open enrollment is the period every year during which eligible employees may enroll in benefits or make changes to their existing benefits. Employees may have the option to enroll in health, dental, or vision plans, group life insurance, or other benefits. Once elections are made, they cannot be changed until
Can you use your health savings account (HSA) to pay for the expenses of family members and dependents? For specific family members, the answer is definitely yes. Here is a look at how the IRS allows you to use your HSA to pay for the healthcare costs of your loved
Group vision insurance can help you attract and retain qualified workers as part of a comprehensive benefits package. Employees value vision insurance benefits and are more likely to stay with a company that offers them. In addition, an employer-sponsored vision plan gives them access to eyecare that may not have
Some safety hazards are present in every workplace, even a business office. It is important for employers to note potential dangers and to take steps to prevent worker injuries. The following safety tips can help you keep your employees safe at work. Keep Clutter Cleared Away An accumulation of clutter
The mental health of your employees can have a tremendous impact on productivity. To show your employees you care and strengthen your company culture, incorporate the following mental health wellness activities in your business: Get the Group Exercising Together Exercise is not only good for your body. It can also
Finding and retaining a trusted, productive team of employees is a challenge for smaller businesses. Instead of enduring a high and costly turnover rate, there are actions you can take to improve employee retention. By offering disability insurance as part of their benefits package, companies can show their employees that
As an employer, you want to make sure your business is competitive and attracts quality employees who are motivated and productive. Providing excellent group benefits could help attract the stars in your industry, so you should make sure you are offering the perks top-tier employees want. Group Benefits You Should
