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Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). History of benefits compliance. Employers have been offering employee benefits since the late 1800s. Retirement.

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Supplemental Benefits Your Employees May Need in 2023

Zenefits

To help fill the gap, you can offer supplemental benefits. Traditionally speaking, supplemental benefits are insurance products that help pay for health-related expenses not covered by major medical insurance. You can offer supplemental benefits through your insurance carrier. Hospital indemnity insurance. Critical care.

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Top Childcare Benefits to Offer Your Employees

Zenefits

So, it’s important to support your working parents , including by offering childcare benefits. Before we explore different types of childcare benefits, let’s examine some issues working parents are concerned about, plus employers’ response in the wake of COVID-19. Top 5 childcare benefits to offer your employees.

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Workers’ Compensation Benefits: 4 Categories and Why They’re Important

Zenefits

Here’s a look at the 4 primary types of workers’ compensation benefits and why they’re important to employers and employees. This means that if you have an accident while in a company vehicle and are performing your job, you’ll most likely qualify for compensation benefits.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

When it comes to benefits, healthcare is at frequently the top of the list. Forty percent of employees surveyed chose healthcare benefits over competitive salaries, retirement plans, or bonuses. In a competitive job market, health benefits are more important than ever. Consider expanding health benefits options.

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Self-Funded Health Benefits Can Help Companies Battle Inflation, Recession Fears

Chief Executive

Self-funding can give companies more control over their health benefits, and offer better care at lower cost in the process. For example, after self-funding, we discovered that knee surgery at one hospital near us cost nearly $80,000. Traditional health insurers charge a set monthly premium per employee.

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How To Build A Competitive Employee Benefits Package

Vantage Circle

A successful organization is one where employees are satisfied with the compensation and entitled to necessary benefits. But have you ever wondered, even if your workforce is satisfied with the benefits, is it still a complete and competitive package that can lure top candidates from other organizations? Think within your Budget.