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Types of Employee Benefits: 12 Benefits HR Should Know

Analytics in HR

Compensation on its own is not enough to engage employees and attract job seekers who now expect more comprehensive rewards for their work. Employee benefits are an indirect form of compensation that organizations provide to their workers through programs, policies, or services. Why are employee benefits important?

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Promoting Employee Wellbeing in the Workplace: 6 Strategies for a Thriving Work Environment

Terryberry

Employers can support this by offering flexible work arrangements, paid time off (PTO), and reasonable working hours. This can involve fair compensation, retirement savings plans, and financial education programs. If you've been hearing more and more about workplace wellbeing lately, you're not alone.

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Compensation and Benefits

Analytics in HR

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

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Talent Acquisition

Analytics in HR

Doing this well leads to lower turnover, higher productivity, and increased engagement. What is talent acquisition? The core of talent acquisition is to attract employees to an organization and hire the ones that fit with the organization and role. The talent acquisition strategy should align with the people strategy (or HR strategy).

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How to Design an Employee Benefits Program Effectively

Empuls

Employee benefits programs are an integral part of any organisation's compensation plan. They provide a range of benefits and perks to employees beyond their regular wages, including health and wellness benefits, retirement benefits, time-off benefits, employee perks and discounts, and educational assistance.

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Tackling Total Rewards: A System for Communicating Employee Benefits

ClearCompany HRM

Some companies take time annually to send their employees a “statement” that delineates these tangible rewards like: tuition reimbursement, PTO, cell phone allowance, alongside their actual compensation. For example, an organization that values ongoing learning, might offer a generous conference or learning stipend.