Employee Benefits: Vacation; Health, Life and Disability Insurance

Employers of choice provide a comprehensive employee benefits package to attract and retain employees. In addition to salary, an employee benefits package is a standard – and expected - part of employee compensation. These are the standard components of an employee benefits package. Find out the employee benefits package that your employees want...

Is your employee benefits package giving you the payback you deserve in increased employee appreciation and satisfaction? Chances are, your employee benefits are not. Employees only understand and appreciate part of the employer's cost of the employee benefits they receive. Learn more about the types of employee benefits available.

Compensation is the total amount of the monetary and non-monetary pay and benefits provided to an employee by an employer in return for work performed as required. Compensation is based on market research about the worth of similar jobs, employee contributions and accomplishments, and the availability of employees with like skills in the...

Health care premiums continue to increase and employers are shifting part of insurance costs to employees. Or, employers are not offering comprehensive health care benefits because of their cost. To help offset the sting associated with these higher costs to both employers and employees, some employers are implementing Health Care Flexible...

The IRS mileage reimbursement rate is an optional rate, recommended by the Internal Revenue Service in the U.S., that is used to calculate the deductible costs of operating an automobile for business, medical, charitable, or moving purposes. The IRS mileage reimbursement rate is adjusted depending on the IRS-determined cost of operating a motor vehicle.

Need a free, sample job offer letter that is suitable for most employee job offers? Your candidates appreciate the job offer terms spelled out in detail. Use this job offer letter as a base for developing your own employment offer.

The Federal minimum wage for covered nonexempt employees is $5.15 an hour. The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). Many states also have minimum wage laws.

To get the most out of the open enrollment and their benefits, employees must fully understand the benefits their employer provides. To understand, they need to participate in the employer’s benefits education program which often occurs during the open enrollment time period. Information meetings by insurance professionals and comprehensive...

Benefits are a form of compensation paid by employers to employees over and above the amount of pay specified as a base salary or hourly rate of pay. Benefits are a portion of a total compensation package for employees. A comprehensive, common set of benefits includes the following components.

Paid sick days are time off from work that an organization voluntarily provides employees as a benefit. The number of paid sick days is often accrued by employees based on years of service to the organization and the level of their position. Other companies, however, keep paid sick days simple - every employee receives the same number of paid...

Definition of the paid time off approach to employee vacation, sick days, and personal days for the human resources glossary of human resources related terms. Paid time off has advantages and disadvantages that are explored in this definition of paid time off.

Want to know more about paid vacation days? Paid vacation days are time off work provided to employees as a benefit. Paid vacation days are generally accrued by employees based on years of service to the organization.

A paycheck is a check issued by an employer in order to satisfy the compensation commitment the employer has with the employee. The paycheck is most frequently issued by the employer, every two weeks, but some employers issue the paycheck weekly or monthly. The average employee receives 26 paychecks a year.

Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is paid, most frequently, in a bi-weekly paycheck to an exe,pt or professional employee. In most years, an employee’s salary is paid in 26 even paychecks over the course of the year.

Keeping salespeople motivated can be a real challenge. What motivates one might not motivate another. Good sales managers know this and are always aware of where their individual salespeople are on that "motivational" scale. Sales compensation is a crucial factor in motivation. Learn more about keeping great salespeople with successful sales compensation.

Severance pay is money that an employer might want to provide for an employee who is leaving their employ. Normal circumstances that might warrant severance pay include layoffs, job elimination, and mutual agreement to part ways for whatever reason. Severance pay usually amounts to a week or two of pay for each year of service to the company. In...

Summer brings heavy vacation time to organizations. Vacations tax your resources and keep you shorthanded. Work is undone. Customer service suffers. Does this scenario have to happen? Not if you use these ten tips for work coverage. Check them out!

Unemployment compensation was created by the Social Security Act of 1935 to protect workers who became unemployed through no fault of their own. The federal government provides incentives and guidelines to the states about unemployment compensation, but each state is responsible for its own guidelines and program for unemployment compensation.

Merit pay is an approach to compensation that rewards the higher performing employees with additional pay or incentive pay. Merit pay has advantages and disadvantages for the employees and the employer. But, all-in-all, merit pay is the best way to reward the employees that you most want to keep. Find out more about why you might want to...

Variable pay is used generally to recognize and reward employee contribution toward company productivity, profitability, team work, safety, quality, or some other metric deemed important. Variable pay changes depending upon the circumstances. Learn more about variable pay.

Workers' compensation laws make certain that an employee who is injured as a result of an accident on the job or who contracts a disease as a result of performing his or her job, will receive compensation and medical benefits. Every state requires that employers purchase workers' compensation insurance to ensure that employees, who are affected by illness or injury, and their dependants, are protected against significant hardships in case of injury, illness, or death.

Health insurance is the foundation of a comprehensive benefits package for employees. Health insurance is the preferred benefit of the majority of people who work. Health insurance marks an employer as an employer of choice when desirable candidates select job opportunities. Find out more about health insurance.

Dental insurance is an insurance that will pay specified proportions of the cost of dental and oral hygiene expenses or treatments. Employer-provided dental insurance policies offer employees many different options for insurance coverage. Employer-provided dental insurance pays for the cost oof preventive services and a portion of the costs of...

Short term disability insurance is an insurance policy that protects an employee from loss of income in the case that he or she is temporarily unable to work due to illness, injury, or accident. Find out more about short term disability insurance.

Vision insurance is a lower cost addition to a comprehensive benefits package for employees that is provided by employers. Vision insurance is often an optional addition to a comprehensive health policy. Vision insurance pays for employees to have regular vision examinations and pays for a percentage of the cost of corrective equipment to treat...

Long term disability insurance (LTD) is an insurance policy that protects an employee from loss of income in the event that he or she is unable to work due to illness, injury, or accident for a long period of time. Some estimates state that the average employee with a long term disability misses 2.5 years of work. Find out more about long term...

Life insurance is an employee benefit frequently offered by employers. Life insurance is an insurance policy that provides compensation upon the death of an employee. Life insurance marks an employer as an employer of choice when desirable candidates select job opportunities. Find out more about life insurance.

Readers stretch their imagination with this question about desirable employee benefits. Benefits for employees, such as health insurance, are costly for employers, but other benefits, such as a flexible work schedule that allows an employee to start work every day at 9 a.m. instead of 8 a.m., cost nothing at all. Let's think creatively about...

Site offers up-to-the-minutes news about benefits, including health plans, retirement, work-life, technology, education, and laws and regulations.

While 85 percent of corporations, in one survey, pay some educational benefits, United Technologies Corp. pays for employee tuition, books and study time. They reap big benefits in employee loyalty, according to this excellent article in the Christian Science Monitor.

When asked, fifty-five percent of one audience would take a one-month sabbatical over more money or five free hours a week. Work life balance and the precious commodity called time are what counts today. Learn more.

The Patient Protection and Affordable Care Act (ACA) will deliver changes to employee benefits over the next few years. Find out some of the changes employees and employers will experience.