article thumbnail

Employee Compensation vs. Employee Benefits

Helpside

Offering competitive compensation is a great way to increase employee retention , as it demonstrates to employees that their hard work is recognized by the company. Employee benefits Employee benefits are compensation apart from base wages and salaries.

article thumbnail

What an Employer Needs to Know About Employee Benefit Laws in the United States – the Basics!

Accurate Background

Employee benefits are an important part of the HR function and the employee-employer relationship in any organization operating within the United States. Certain benefits, such as fitness memberships, enhance an employee’s physical and mental well-being; happy, healthy staff tend to be more engaged and productive.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Human Resources Generalist: Required Job Duties and Skills

Heyyy HR!

Compensation and benefits: They assist in the administration of employee compensation and benefits programs, including salary and wage administration, health and welfare benefits, and retirement plans. Interpersonal skills: They should be able to build relationships with employees and managers.

article thumbnail

IFEBP Study Shows 40% of Companies Are Outsourcing Their Benefit Functions

Extensis

Managing employee benefits has become more complex over the years, which is why more companies are choosing to outsource these functions. A recent survey conducted by the International Foundation of Employee Benefit Plans (IFEBP) estimates one-third of companies have increased outsourcing of benefit functions in the past five years.

article thumbnail

The Delicate Art of Choosing Part-Time vs. Full-Time Workers

Homebase

It can make it clearer which employment laws apply to you (and can benefit you and your employees), help you build better teams, and be a more efficient, profitable operation overall. Do full-time employees get benefits? The law addresses health insurance coverage, health care costs, and preventive care.

article thumbnail

Guide to Hiring Employees in the Bahamas

Recruiters Lineup

This comprehensive guide will walk you through the intricacies of the hiring process, from understanding employment laws to recruiting and managing a diverse workforce. Understanding these contractual obligations is essential for both employers and employees to avoid disputes and maintain a harmonious workplace.

article thumbnail

Retirees Are Re-entering the Workforce: What It Means for Employers

Zenefits

Retirement-aged employees, as well, found themselves heading for the door. The Employee Benefits News website says , “Retirement-aged employees were the first to go when COVID began.” Others just want to work because they find it more meaningful than staying in retirement. Employee benefits laws.