Skip to the content

Tag: Employee Benefits

Invest in Success: Your Guide to Employee Stock Ownership Plans & Stock Options for Success

ESOPs (Employee Stock Ownership Plans) and Stock Ownership Plans enhance employee engagement by providing ownership stakes in the company. Employees become stakeholders, aligning their interests with the company's success. This fosters a sense of loyalty, motivation, and shared responsibility, ultimately driving individual and organizational success. ESOPs also serve as a powerful retention tool, as employees are more likely to stay with a company in which...

Your 3-Step Plan for Improving Employee Retention

An attractive benefits package can help attract top talent to your company. It can also help you retain the most valuable asset your business has ā€“ your staff. Employees who are well compensated for their work through pay, benefits, and perks are more motivated to do their work well and stay with the organization for years to come. While salary will always be an important...

Benefits That Will Spread a Little Cheer to Your Employees

Your employees rely on your company's benefits, including health insurance, dental insurance, or even the cost of education. The better the benefits package, the more likely you will attract the best talent ā€“ benefits are a factor in a competitive job market. Even with an excellent benefits package, spread a little cheer to your employees during the holidays by offering some unique benefits. Holiday Bonuses...

How Does Employee Turnover Impact Your Business?

A loyal, dependable workforce is a critical aspect of business success. When a company is experiencing a high turnover rate, it is imperative that you discover what is driving the exodus before it worsens. The costs of employee turnover to a business are more than financial, and include the following: Reduced morale. Workplace relationships are important, and when a valued employee leaves, it impacts the...

What Is Captive Insurance and How Does It Work?

A captive insurance company is a subsidiary owned by a parent organization, established primarily to insure its owner. The captive insurer writes insurance policies for the parent organization and does not insure any other company. It provides risk mitigation for the parent company or a group of related companies. A captive insurance company may be formed: When a parent company is unable to find a...