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💥WHAT ARE THE BENEFITS OF BENEFITS?💥 🌟 As a small business owner, setting up an employee group benefit plan isn't just a perk, it's a powerhouse move for your company! 💪 From health coverage to retirement plans, a comprehensive group benefit plan can pack a punch, attracting top talent and boosting employee morale. PLUS, they show your team you're invested in their well-being and future success. 🚀 Don't leave your employees to fend for themselves — unlock the advantages of a group benefit plan today! https://lnkd.in/gWGN_TNt #groupbenefits #employeebenefits #grouprrsp #yegfinancialplanning #yegsmallbusinessowner #financialplanning #financialgoals #CompanyPerks #TeamSuccess

Organizations that want to attract and keep the most talented employees have learned that it’s not just enough to offer a competitive salary, health insurance coverage, and a retirement savings plan. A full #benefits package is becoming increasingly important to full-time workers, including job-seekers. Offering company swag, in-office lunches or snacks, and game equipment in the workplace are not benefits that make workers feel valued and prioritized. Instead, they want benefits that improve their work-life balance, provide mental health support, and help them financially. These are much more attractive than trendy (but mostly useless) perks like a branded backpack or hoodie. What are the top minds in workplace benefits saying about #workplaceESAs (emergency savings accounts)? Here’s a short overview of the LinkedIn chatter about the benefits that workers value the most — and that also value workers the most.

Ever wondered what makes a job offer stand out? Employee benefits are key players in the game of attracting top talent and keeping employees happy. From health insurance to paid time off, these perks can make all the difference in the workplace. Here's a peek into the world of employee benefits from Forbes: [Employee Benefits Article] **Health and Wellness Benefits**: Stay healthy and happy with health insurance, dental insurance, and wellness programs. Because a happy employee is a productive employee! **Time-off and Leave Benefits**: Who doesn't love a good vacation or parental leave? Time-off benefits can make work-life balance a reality. **Financial and Retirement Benefits**: Secure your future with 401(k) plans and pension plans. Let's retire like bosses! **Prescription Drugs**: Because staying healthy shouldn't break the bank. Prescription drug coverage has your back. **Mental Health Benefits**: Taking care of mental well-being is just as important. Mental health benefits offer support when life gets tough. **Telemedicine**: The future is here with telemedicine. Consult with a doctor without leaving your couch! **Child and Dependent Care Benefits**: Balancing work and family? Child care benefits are a game-changer for working parents. Dive into the world of employee benefits and discover how these perks can make a difference in your work life! #EmployeeBenefits #WorkPerks #ForbesInsights https://lnkd.in/gPSq5UHh

👥 Maximize Your Employee Benefits: Tips for Workforce Wellness! 👥 Understanding Your Benefits: Employee benefits can include health insurance, retirement plans, paid leave, and more. Knowing what your employer offers is the first step to taking full advantage. Health and Wellness: Many employers offer wellness programs that include gym memberships or discounts, health screenings, and even on-site healthcare services. Retirement Plans: Contributions to a 401K or similar retirement plan are crucial for your future. Understand how much you and your employer can contribute. Additional Perks: Look for other benefits like disability insurance, life insurance, and educational assistance. These can provide significant value beyond your salary. Using Your Benefits: Don't overlook the use of these benefits. They're part of your total compensation package, designed to improve your life both in and out of work.

2 reasons Financial Wellness programs bomb, and the solution: 1.) Participants know (feel) the Advisor is just looking for more Wealth assets. 2.) Focus is on personalization, but Participants don’t have enough trust to share necessary financial info. SOLUTION: Focus on the “Big 4” that impact nearly every American / worker: * Emergency Savings * Debt Destruction * Track (and modify) Spending * Intentional plan to build retirement savings 1 simple, easy (measurable) action step each quarter that will combine to completely transform the employee’s financial life. These are the focus of The Employee Roadmap, which comes standard with our 401k services. THEN, once you have gained some momentum and money (from increased productivity and decreased healthcare spend) you can implement a more holistic financial wellness program.

🌟Elevate Your Employee Benefits: Embrace HSA, HRA, and FSA Solutions🌟 Unlock a New Era of Well-being for Your Team! Dear Forward-Thinking Employers, In the dynamic landscape of talent acquisition and employee retention, providing comprehensive benefits is no longer a choice; it's a strategic imperative. Elevate your company's commitment to your team's well-being by introducing Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), or Flexible Spending Accounts (FSA). Here's why these benefits are a game-changer for your workforce: 1️⃣ Empower Financial Wellness: HSA: Employees can contribute pre-tax dollars to cover qualified medical expenses, fostering a sense of financial control and responsibility. HRA: Offer reimbursements for out-of-pocket medical costs, giving your team peace of mind and reducing financial stress. FSA: Allow employees to set aside pre-tax funds for medical expenses not covered by insurance, promoting financial stability. 2️⃣ Customizable Options for Diverse Needs: HSA: Tailor plans to individual needs, letting employees decide how to allocate their funds for health-related expenses. HRA: Design plans that align with your company's unique priorities, providing flexibility for both employer and employee. FSA: Support diverse needs with customizable accounts, allowing employees to choose the coverage that suits their lifestyle. 3️⃣ Tax Advantages for All: HSA: Contributions are tax-deductible, and withdrawals for qualified medical expenses are tax-free, benefitting both employer and employee. HRA: Employers can deduct contributions, and reimbursements to employees are generally tax-free. FSA: Employees enjoy pre-tax contributions, reducing their taxable income and increasing take-home pay. 4️⃣ Boost Employee Satisfaction and Retention: Demonstrate your commitment to employee well-being by offering benefits that directly impact their health and financial security. Attract top talent by showcasing a robust benefits package that sets your company apart from the competition. 5️⃣ Position Your Company as a Health and Wellness Leader: Signal to your industry and beyond that your company prioritizes the holistic well-being of its employees. Create a positive work culture by fostering an environment where health and financial wellness are valued and supported. In a competitive job market, providing HSA, HRA, or FSA benefits is not just a perk – it's a strategic investment in your team's health and happiness. Elevate your company's benefits package and set the stage for a thriving, engaged, and loyal workforce. Ready to take the leap into a brighter, healthier future for your employees? Contact us today to explore how we can tailor HSA, HRA, and FSA solutions to meet the unique needs of your team. Invest in your employees. Invest in success! Miner Financial & Insurance Irina Melnik (916) 859-0360 Ext. 3 Irian@minerfinancial.net

📰 Benefits going to waste? 80% of professionals don’t fully utilise their workplace benefits "Only half of professionals are satisfied with communications around their workplace benefits – this runs the full gamut of workplace benefits from financial ones like annual bonuses or pensions to wellbeing plans like private health insurance or mental health support." #NetworkHR #ExecutiveSearch #HR #WorkplaceBenefits

Here are some critical steps to consider about Employe Benefits: 📌 1: Understand Your Workforce (know your employees) Conduct surveys / focus groups to gather insights into what benefits they value most. Keep in mind that different generations and roles within your organization may have varying priorities regarding healthcare, retirement plans, flexible working conditions, or wellness programs. Review your results to better understand your employees’ preferences. This will ensure that your benefits package resonates with your team. 📌 2: Benchmarking Research similar companies in your industry or local areas to see what they offer. It will help you stay competitive and identify gaps in your current benefits offering. It will also provide insights into innovative benefits that could set your company apart. 📌 3: Your benefits strategy should support your business goals If your company prioritizes innovation, consider offering benefits like professional development programs or tuition reimbursement. Aligning benefits with company values reinforces the culture you want to cultivate. 📌 4: Offer a combination of mandatory and voluntary benefits Health insurance, retirement plans, and paid time off are often expected, but additional perks like flexible work arrangements, wellness programs, and childcare support can enhance your package. It caters to diverse employee needs and lifestyle choices. 📌 5: Communicate clearly Even the most well-designed benefits strategy is only effective if employees know it. Develop a comprehensive (ongoing) communication plan that includes onboarding, regular updates, and accessible resources to help employees understand and utilize their benefits. 📌 6: Review And Adapt - Every six months, you should review your benefits strategy to ensure it remains relevant and meets the needs of your workforce and the competitive landscape. Download a free copy of our list of sample questions about Employee Benefits survey below. Don't miss out on this free and valuable resource! ➡️ https://lnkd.in/eFz3RM54

Financial wellness programs empower employees, no matter their stage in life. Investing in benefits that address specific needs—from entry-level budgeting to advanced retirement planning—ensures a more secure and focused workforce. Learn how a professional employer organization (PEO) simplifies and improves employee benefits while handling your payroll processing and other vital HR tasks: https://lnkd.in/eYSwZVjg. #FinancialWellness #EmployeeBenefits #HumanResources #TakeCareOfYourPeople https://lnkd.in/e8xAwyat

How to Make the Most of Your Employee Benefits Want to increase your income without renegotiating your salary? Maximizing your workplace benefits might be the answer. The U.S. Department of Labor estimates that employer-sponsored benefits are worth about 30 percent of your salary, but many of us aren’t fully utilizing them. Basic Benefits to Revisit: - Long-term Disability Insurance: 1 in 4 people will become disabled before retirement. If offered, consider it. - Life Insurance: Group policies can offer attractive rates and may be portable. Compare with your personal needs. - Retirement Contributions: Ensure you’re taking full advantage of any employer match, which is essentially free money. - Health Insurance Deductibles: Try to maximize medical care before your deductible resets. - Telecommuting: Many employers now offer flexible work arrangements. Explore these options. Additional Benefits to Explore: - Health Savings Account (HSA): Offers triple tax benefits and can bolster retirement savings if not exhausted by pre-retirement medical expenses. - Discounted Employee Stock Purchase Program (ESPP): Many employers offer a 15% discount, potentially increasing your savings. - Telemedicine: Convenient and cost-saving, it allows for medical consultations via video or app. - Tuition Reimbursement: 48% of organizations offer assistance for undergraduate courses, and some extend this to dependents. - Discount Programs: Employers often provide discounts on a range of everyday expenses, from event tickets to travel. - Unused Vacation Days: Don’t let these go to waste. Some companies even allow temporary assignments in other offices for a change of scenery. - Client Perks: Check if your company’s clients offer any perks to employees. To maximize your benefits, familiarize yourself with your employer’s offerings. Whether you’re new or a veteran, take time to study your benefits portal or consult with HR. They’ll likely be eager to help you make the most of your benefits package. https://lnkd.in/gT-5HWDd #EmployeeBenefits #MaximizeYourBenefits #WorkplacePerks #FinancialWellness #CareerGrowth