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U.S. employers anticipate their total health benefit cost per employee will rise 5.8% in 2025, even after factoring in cost-reduction measures, according to a new report from Mercer, an HR ...
In 2006, HealthPartners received the American Medical Group Association's national Acclaim Award for excellence in patient care. [19] Modern Healthcare named HealthPartners one of the best places to work in health care. HealthPartners is the national benchmark in seven areas in a 2008 report sponsored by the National Business Coalition on ...
A professional employer organization (PEO) is a company that contracts with small businesses to take on functions like payroll, taxes, and employee benefits. The PEO essentially becomes a “co ...
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Normally, employer-provided benefits are tax-deductible to the employer and non-taxable to the employee. The exception to the general rule includes certain executive benefits (e.g. golden handshake and golden parachute plans) or those that exceed federal or state tax-exemption standards.
Workplace wellness programs benefit employers as well; while the various components of the wellness programs helps to keep employees healthy, employers are able to increase recruitment and retention of workers. [38] Some employers have also utilized penalties to improve employee participation within the company wellness program. [39]
The same reasons that make pre-funding a possible benefit to an employee participating in a plan make them a potential risk to employers setting up a plan. The employer has to make up the difference that the employee has spent from the flexible spending account but not yet contributed if other employees' contributions do not account for the ...
Per PwC’s 2022 Employee Financial Wellness Survey, more than 25% of employees who changed jobs last year did so for “nonmonetary workplace benefits, including a less stressful job and the ...