Employers who continue to provide the more

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Employers who continue to provide the more traditional and limited program, may find it more difficult to find and keep different types of employees. Here are just a few of the advantages of offering benefits to your employees: For employers By providing increased access and flexibility in employee benefits, employers can not only recruit but retain qualified employees Providing benefits to employees is seen as managing high-risk coverage at low costs and easing the company's financial burden Employee benefits have been proven to improve productivity because employees are more effective with they are assured of security for themselves and their families Premiums are tax deductible as corporation expense, which means savings for the organization For employees Employees can experience a peace of mind which leads to increased productivity and satisfaction by being assured that they are their families are protected in any mishap
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184 Employees with personal life and disability insurance can enjoy additional protection including income replacement in the event of serious illness or disability Employees can feel a sense of pride in their employer if they are satisfied with the coverage they receive Cash is not enough today to recruit and retain top talent for your business. Providing an attractive benefits plan is just as important. Employee benefits are given to an employee in the form of incentives, providing insurance, over time payment or in non-financial form like giving training & development for employees to develop their career and most importantly providing flexible working hours to balance between work and life of employees. In a recent survey, employees listed flexible work arrangements along with additional fixed pay and higher incentives as the top three preferred benefits. 20.3.3 Types of Employment Benefits Employers who hope to retain solid, hard-working employees should be prepared to offer basic employee benefits. In addition to salary, good benefits provide important resources that not only help build a positive working relationship between employer and employee but also promote good work habits and financial practices. Employee benefits will vary depending on the employer, and it is important for business owners to carefully consider their options. For example, the type of industry in which your business falls will help determine the types of basic employee benefits important to your staff. A job that requires employees to work outside in inclement weather, for example, might offer more paid sick leave than an indoor office position. Different kinds of employment benefits are as follows; Paid Vacations Employee benefits includes vacations for employees for certain period of time during the employment. Jobs under present corporate environment are stressful which eventually effect the performance of the employee over a period of time.
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185 Vacations makes employee re-energize and makes employee to forget about work stress what they had faced in the job.
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