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Benefits consist of the non-wage compensation that form the total remuneration package for an employee. While there is less research in this field, [ 14 ] it is an important field, as benefits can create significant costs for employers, [ 15 ] be they through compulsory means (e.g. compulsory pension schemes), or by the discretion of the ...
Employees – along with potential employees – tend to view benefits that are mandated by regulation differently from benefits that are discretionary, that is, those that are not mandated but are simply designed to make a compensation package more attractive. Benefits that are mandated are thought of as creating employee rights or ...
Salary packaging (also known as salary sacrifice or salary exchange) is the inclusion of employee benefits (also called fringe benefits) in an employee remuneration package in exchange for giving up part of monetary salary. Such arrangements are entered into most commonly if there are tax or other benefits to be derived by the employer or ...
Better employee benefits: It’s hard to find and retain good employees if you don’t offer a competitive benefits package. Since PEOs act as co-employer for many different employees and ...
Sep. 20—Cobb's largest healthcare provider will now operate the city of Marietta's employee health clinic. The Marietta City Council approved a three-year contract with Wellstar for the company ...
by Michelle Goodman You got the job offer, agreed on a starting salary, and now you're on cloud nine. But before you break out the bubbly or call Mom to tell her the good news, take a deep breath ...
Fringe benefits are also thought of as the costs of keeping employees other than salary. These benefit rates are typically calculated using fixed percentages that vary depending on the employee’s classification and often change from year to year. Executive benefits (e.g. golden handshake and golden parachute plans), exceed this level and are ...
Wellstar Health System (formerly WellStar) is a non-profit system founded in 1993 providing comprehensive care in Metro Atlanta, Georgia, United States. It includes: Augusta University Medical Center [1] Center for Health Transformation; Spalding Regional Hospital [2] Sylvan Grove Hospital [2] Wellstar Cobb Hospital, Austell, Georgia