Employee benefits typically refers to health care insurance, retirement plans, life insurance, disability insurance, vacation, holiday pay, employee discount programs, etc. Benefits and compensation form the bulk of the total rewards offered to employees in exchange for work contributions. Some benefits such as unemployment and workers compensation insurance are federally mandated. Some states also mandate certain benefits such as disability insurance and time away from work. Benefits are increasingly expensive for businesses, so having an understanding of the cost-benefit of your benefits programs are critical for business leaders. See below for a list of documents and tools available with the Benefits Success Kit. Upon request, a needs assessment/best practice consultation is also available from a TMS subject matter expert. |