How to Design an Employee Benefits Program

How to Design an Employee Benefits Program

A good employee benefit program will accomplish some targeted goals. First and foremost, it’ll give financial protection for the employees and their families in case of disability, illness, unemployment or death. Secondly, it’ll support the company’s productivity as a whole and promote positive employee morale. Lastly, it must serve as a recruitment tool, which will…

How to Set up a 401(k) Plan for Small Business

How to Set up a 401(k) Plan for Small Business

The benefits are an essential part of the compensation package of an employee. A famous benefit you may offer is retirement plan for the employees. In private industry, about sixty-six percent of the workers have access to the retirement benefits. Out of the retirement plans available, 401(k) plans are considered as the most popular. What…