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7 Employee Benefits Trends
… That Small Business Owners Should Know The employee benefits landscape has changed over the past few years, driven by several factors. Between changes in the workforce’s needs, the COVID-19 pandemic, a greater focus on mental health, and a rise in healthcare costs, we’ve seen a couple of shifts in employee benefits trends. The competition…
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5 reasons why you should use an online benefits enrollment system
If you are still collecting paper benefits enrollment forms – now is the time to switch it up. We get it – change is daunting – but you’ll thank us for this one! Using an online benefits enrollment system will simplify and streamline the process. This translates to greater efficiency and even compliance. While there…
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How a PEO Provides Growth Opportunities for Small Business
This one is for the small business owner. If you are not a small business owner yourself, pass this article along to one you know. They’ll thank you for it—I promise! Many small (or even mid-sized) business owners wear multiple hats. It’s simply the nature of the beast when starting up your own company. You…
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Benefits of Flexible Spending Accounts (FSAs)
Flexible Spending Accounts (or FSAs) are an often-overlooked benefit that you can offer your employees. FSAs come under section 125 of the Internal Revenue Code and allow your employees to convert some of their taxable pay into nontaxable benefits. Healthcare FSAs enable employees to set aside money from each paycheck before the deduction of taxes. Employees…
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10 Things That Business Owners Using a PEO Do NOT Do
You’ve heard that partnering with a PEO will boost productivity and your bottom line, but what are the benefits reaped most by business owners using a PEO? In talking to business owners and executives, here are the top 10 things they no longer do now that they use PEO services. Business owners using a PEO…
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Fun Team Building Activities that Build Up Your Business
10 Affordable & Fun Team Building Activities There are benefits to be enjoyed when your business takes the time to develop its employees. One way to nurture your environment and boost engagement is through team building activities. Such activities can improve company morale, build trust among co-workers, and improve communication throughout all levels of the…
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How Smart is Your Employee Benefits Strategy?
How to use an employee benefits strategy to boost morale, retention, and profits. Did you know that 8 out of 10 of your current employees would choose additional benefits over a pay raise? While salary is important, never underestimate the power of a robust employee benefits strategy. If you’re worried employees are leaving perks on…
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HR Services for Small Business
PEOs provide HR Services for Small Business Entrepreneurs typically start a business because of a great idea or a passion. Rarely do you find a business started for the sheer thrill of processing payroll or because hiring and firing people is a hobby. Nor does anyone start a business for the excitement they feel when…
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401(k) for Small Businesses
Dispelling the myths that keep you from offering this valuable benefit. Business owners recognize the importance of offering a 401(k) plan to attract and retain good employees. In a national survey conducted by Spark 401k, 94% of small business owners agreed that offering a 401(k) plan drove recruitment and retention. However, the U.S. Government Accountability…
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Ask the Benefits Expert: High Deductible Health Plans
What are high deductible health plans and what is their relationship to health savings accounts? High Deductible Health Plans (HDHPs) are health plans that have higher deductibles but offer lower premiums than traditional plans. HDHPs do not have what is referred to as “first dollar coverage”, or co-pays. Due to out of pocket obligation, a…
Tag: Benefits
