Description
The term employee benefits refers to
non-wage compensation provided to employees
in addition to their salary. Benefits may be
subsidized by the employer and/or the
employee. Certain benefits are mandated by
law. They include:
Time off for casting votes on election days,
jury duty, and military service.
Payment of employer portion of FICA taxes
which provides employees with retirement and
disability benefits.
Contribution to state short term disability
programs.
Compliance with all workers compensation
requirements.
Payment of Federal and State unemployment
taxes, ensuring benefits for unemployed
workers.
Compliance with the Family Medical Leave Act
(FMLA)
General Tips
Whether a company is large or small the
benefits department should be viewed as the
point of contact for the employee with any
benefits need
Giving your employees benefit choices can
enhance your companys package while
controlling costs
Voluntary Benefits which employers make
available and employees pay for are seen as
a cost effective way to enrich a companys
benefits package
Paying for Benefits with pre-tax dollars
benefits the employees as well as the
employer
COMMUNICATE all your benefits to your
employees
Questions to ask an
expert
How do I establish what benefits are right
for my company?
What outside services can I utilize to
assist me in the process?
What specific questions should I ask any
outside service provider?
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