Employee Stock Options are a Powerful Tool for Compensation
Smart employers have learned that offering stock options to employees is a powerful retention tool, especially in a highly competitive labor market. An employee stock option program also enhances a company's benefits package, without substantially increasing the costs.
Read MoreEmployee Professional Development Programs Are Mutually Beneficial
An employee professional development program is one of the key reasons that some companies are highly successful. Employees that are able to do their jobs better, motivated because they feel empowered and have more opportunities for advancement will dramatically improve productivity and your bottom line.
Read MoreAn Employee Discount Program Is An Effective Benefit
An employee discount program could be a great opportunity for your business to compete in the labor marketplace and help you retain more of your best employees. As this employee benefit becomes more popular, there are third-party vendors that will help you plan, implement and manage an employee discount program.
Read MoreMajor Study Reports Approximately 80% of Americans Won’t Have the Financial Assets They’ll Need to Retire
It’s no surprise that the recession of 2009 adversely affected everyone’s retirement portfolio. First, with the plunge in the investment markets and second because most employers had to freeze salary and wage levels and eliminate raises, bonuses and, in many cases, matching 401(k) contributions. According to a recent Hewitt Associates study, employees in the U.S. will need more than 15 times their final pay to reach their retirement goals. The upside is that this number hasn’t increased, but still more than 80% of all workers are not likely to accumulate enough financial resources to retire...
Read MoreLike Many Animal Species, the Recession Threatens the Extinction of Many Employee Benefits
Although the recession hit the global economy very hard, the business environment survived the impact, but many employee benefits have become as endangered as pandas, cheetahs, elephants and many other living species threatened with extinction. According to various studies, U.S. employers eliminated an average of as many as five major employee benefits during 2009. You may or may not have eliminated the following benefits, but many companies have to survive until the economy becomes robust again. 1. Luxury Perks: Executives and many other employees certainly enjoyed the free limo service...
Read MoreExperts, Studies State That Most Employers Will Continue to Provide Health Insurance Benefits for Most Employees, Despite Health Care Reform Changes
With the passage of the health care reform legislation, employers and employees are faced with a number of health insurance benefits challenges. Employees fear that their employers will decide that they can save money if they eliminate coverage, pay the penalty, as prescribed by the new law, and expect employees to buy health insurance on the individual market. According to some experts and current research, however, the great majority of companies will not drop or reduce health insurance coverage. In many cases, employers will choose to maintain health-insurance benefits for their employees,...
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