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8 little-known benefits of employee assistance programs

Insperity

Before we jump into the surprises, here are some common benefits of EAPs: Legal issues. Personal finances. Another surprising benefit of EAPs is that they can help employees plan activities outside of work based on location, interests and needs. Planning extracurricular activities, lessons or camps for children.

Legal 327
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4 Smart Money Moves to Plan for Financial Security

Success

One thing that shouldn’t be pushed off to a future date, however—no matter how much we might want to—is financial planning. That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. But it’s really no surprise that millennials have trouble dealing with their finances.

Planning 131
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Pay compression: What it is and how to fight it

Insperity

When low-level employees receive a legally mandated pay increase that action can throw off the pay scale for an entire company. If money is tight, there are options (see “Encourage collaboration between HR and finance staff” section below). Encourage collaboration between HR and finance staff. Consult legal counsel.

Salary 194
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Employee benevolence programs: What are they, and why do they matter?

Insperity

Ideally, you would have plans, processes and support structures in place to minimize any workplace disruptions. and draft business continuity plans for a variety of these scenarios. But business leaders may not always plan for times when their employees might be personally facing a crisis. credit card payments, legal fees)?

Supplies 265
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How to lower employee stress about health insurance

Insperity

Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees. Not having a clear understanding of what their health insurance plan covers until they find themselves at the doctor’s office or hospital isn’t ideal. The challenge for employers.

Insurance 254
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How to Choose an Employer-Sponsored Retirement Plan

Insperity

Sponsoring a retirement plan can help them get there. Retirement plans come in a wide range of shapes and sizes, each with its own unique functionality. The following steps can help simplify the process of choosing and managing a plan. The first step toward establishing a plan for your company is learning what is out there.

Planning 100
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How to tackle wage growth and remain competitive in a tough market

Insperity

All of this helps you treat employees equitably and avoid legal problems down the road. Here are a few simple steps to get started creating a compensation strategy: Assess your current pay practices, including base pay along with any bonuses or incentive plans. Be legally compliant. Create a variable pay plan in writing.

Salary 265