Other Benefits
Enhance your benefits package with additional offerings that support employee well-being.Insurance Benefits
Life Insurance
Financial protection for beneficiaries
Disability Insurance
Income protection during illness or injury
Accident Insurance
Coverage for accidental injuries
Critical Illness
Lump sum for serious diagnoses
Life Insurance
Protect employees’ families with life insurance:- Basic Life
- Supplemental Life
- Dependent Life
Employer-Provided:
- Typically 1-2x annual salary
- No cost to employee
- Group coverage
- Beneficiary designation
Disability Insurance
Income replacement during inability to work: Short-Term Disability (STD):- Covers 50-70% of salary
- Waiting period: 0-14 days
- Duration: 3-6 months
- Common for illness, injury, maternity
- Covers 50-60% of salary
- Waiting period: 90-180 days
- Duration: Until age 65 or recovery
- For serious, long-term conditions
Disability insurance provides crucial financial protection and peace of mind for employees
Commuter Benefits
Pre-tax savings for commuting costs:- Transit Passes - Bus, train, subway, ferry
- Parking - Qualified parking facilities
- Monthly Limit - $315 per month (2024)
- Tax Savings - Reduces taxable income
Professional Development
Invest in employee growth:- Tuition reimbursement
- Professional certifications
- Conference attendance
- Online learning subscriptions
- Skills training programs
- Mentorship programs
Wellness Programs
Promote employee health and well-being:Physical Wellness
Physical Wellness
- Gym membership reimbursement
- Fitness challenges
- Standing desk stipends
- Ergonomic equipment
- Wellness screenings
Mental Health
Mental Health
- Employee Assistance Program (EAP)
- Mental health days
- Therapy/counseling coverage
- Meditation app subscriptions
- Stress management resources
Financial Wellness
Financial Wellness
- Financial planning services
- Student loan assistance
- Emergency savings programs
- Credit counseling
- Retirement planning help
Remote Work Benefits
Support for remote employees:- Home office stipend
- Internet reimbursement
- Equipment allowance
- Co-working space membership
- Ergonomic furniture
Paid Time Off
Time off beyond standard PTO:| Benefit | Typical Policy |
|---|---|
| Parental Leave | 8-16 weeks paid |
| Bereavement Leave | 3-5 days |
| Jury Duty | Fully paid |
| Voting Time | 2-4 hours |
| Volunteer Time | 1-2 days per year |
Perks and Discounts
Employee lifestyle benefits:- Employee discount programs
- Pet insurance
- Legal services plans
- Identity theft protection
- Travel discounts
- Entertainment tickets
Flexible Benefits
Allow customization with:- Cafeteria Plans - Choose from benefit options
- Flexible Credits - Allocate dollars to chosen benefits
- Opt-Out Credits - Payment for waiving coverage
Student Loan Assistance
Help with education debt:- Monthly loan repayment contributions
- Lump sum annual payments
- 401(k) match for loan payments
- Tax-free up to certain limits
Benefits Communication
Ensure employees understand available benefits:- Benefits handbook
- New hire orientation
- Benefits fair
- One-on-one consultations
- Regular email updates
- Benefits portal
Voluntary Benefits
Employee-paid optional benefits:- Pet insurance
- Identity theft protection
- Legal services
- Accident insurance
- Hospital indemnity
- Critical illness
Measuring Benefits ROI
Track benefits program effectiveness:- Enrollment rates
- Employee satisfaction surveys
- Retention metrics
- Recruitment success
- Healthcare costs
- Absenteeism rates