When you engage with your employees to develop a flexible benefits scheme, they will feel supported and appreciated. Providing the benefits that people desire shows that you value and appreciate their performance, which leads to motivation. Not only that, but when employees believe that their personal lives are being enhanced as a result of their…
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How has the Hybrid Working Trend Impacted Employee Benefit Strategies?
With the pandemic, growth in employee autonomy, flexible time off where there are no official bounds, and employees’ need to take time off, has increased. Employee benefits are being scrutinized as the hybrid workplace model emerges. And many businesses are recognizing that the present generation benefits provided to employees may not make as much sense as they used to. Many businesses are extending specific benefits to employees while making others less important. According…
Facing challenges in providing Employee Tax Benefits? Here’s how to overcome them.
With an increase in multiple companies offering attractive salaries to their employees, the toughest task for HR of a small or medium-sized company is to attract fresh talent without losing much from the pocket. 72% of employees stated having more work benefits would increase job satisfaction. While providing flexible tax benefits to employees is a great alternative, there…
Managing employee expenses & tax benefits in 2021- all that you need to know
An average employer pays 30-40% of their employees’ wages as benefits. Your benefits, such as retirement income, compensation, and benefits, are the result of several factors. Generally speaking, you will get better benefits and broader coverage under the employer-sponsored benefit plan compared to individual plans. Managing employee expenses and tax benefits is a very complicated, tedious, and…
How To Boost Employee Productivity During The Pandemic?
One of the ineradicable effects of the pandemic is on the ways businesses operate. Remote working options are suddenly in the limelight with the employees starting to work from home almost overnight. With the traditional work structures being thrown out of the picture, there is a huge decline in the productivity of the businesses-arising due…
5 Steps To Build a Perfect Employee Severance Pay Plan
How many of you will agree if I say that a company with a bad reputation pays more per every employee hired? Infact, as per Harvard Business Review, an organization with a bad reputation pays $4,723 more per hire! Granting severance packages will uphold any company’s reputation. By doing this, your company is providing an…
