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Employee Benefits
Employee benefits are perhaps the single most important factor behind the successful attraction and retention of key employees. Providing a competitive benefits program can literally mean the difference between losing a key employee to a competitor and retaining this valuable employee. It can also be the deciding factor that wins over a prospective new employee, instead of the competition.
There are several types of employee benefits. Here are some of the most common:
Medical,
Vision,
Dental Insurance, and
Prescription Plans
Life Insurance
Disability Insurance
Qualified Retirement Plans (401(K), Pension Profit Sharing, etc)
Executive Benefits ("Non-Qualified" Plans)
Supplemental Benefits and
Specified Health Event
Long Term Care
Section 125 Cafeteria Plans