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New Post: Financial Perks and Benefits for Employees: Top 6 Options for Small Businesses - https://lnkd.in/g4ccZYZu - No matter who you are, money talks. But it’s not just the salary figure that employees look at when evaluating job opportunities. Financial perks and benefits, or a lack thereof, often come into play. Benefits Benefit Everyone A few years ago, when unemployment numbers were high and the job market was slow moving, benefits packages took a hit. Employers didn’t have much practical motivation for luring and enticing candidates with attractive perks. After all, a job offer alone was enough to get people excited. But today, with business thriving, benefits packages are once again valuable in enticing candidates to accept job offers. And beyond that, they keep employees engaged and allow organizations to motivate and retain top talent for much longer periods of time. According to a recent survey from Glassdoor, 60 percent of candidates report that perks and benefits are a major factor in their decision to take a job offer. Even more noteworthy is the fact that 80 percent of employees would rather get additional benefits than a pay raise. Small businesses and companies with tight budgets often feel like they don’t have much to offer in terms of benefits. After all, not everyone can afford to follow Silicon Valley trends like putting massage chairs in reception areas and replacing elevators with slides. But you might be surprised to learn that these aren’t the perks employees even want. Employees want perks that are practical and rewarding. As the Glassdoor survey shows, this includes things like flextime and unlimited vacation. But it also includes practical financial perks. Offering a solid employee benefits package can bring numerous advantages to businesses. Here’s a bulleted list highlighting these benefits: Attracting and Retaining Talent: Provides a competitive edge in the job market. Appeals to top candidates who seek comprehensive benefits. Encourages employee loyalty and reduces turnover rates. Boosting Employee Satisfaction and Morale: Enhances job satisfaction through additional non-wage compensations. Improves morale by showing employees they are valued. Leads to a more engaged and committed workforce. Enhancing Productivity: Reduces absenteeism by supporting employees’ health and wellbeing. Increases focus and efficiency at work. Creates a positive work environment that stimulates productivity. Improving Company Reputation: Enhances the company’s image as an employer of choice. Attracts more clients and partners who value socially responsible businesses. Strengthens the company’s position in the industry. Financial Incentives for the Business: Offers tax advantages in some cases for providing certain benefits. Reduces costs associated with high employee turnover. Can be more cost-effective than offering higher salaries. Supporting Employee Health and Wellness: Provides heal

DAC’s 💰Payment Processing💰, Reducing fees by 95% Scenario: 💰 At Metro Auto Repair, a bustling auto service center known for its excellent customer service and skilled technicians, the management team is always looking for ways to support their employees and drive the company's strategic vision forward. Lisa, the HR manager, is particularly focused on enhancing employee satisfaction and retention. 💰 One day, during a meeting to discuss employee benefits, Lisa brings up the topic of financial wellness. She highlights the challenges faced by many employees who often struggle to make ends meet between paychecks, especially in the face of unexpected expenses or emergencies. Lisa suggests exploring innovative financial solutions that can provide employees with greater financial flexibility and stability. 💰 Impressed by Lisa's insights, the CEO of Metro Auto Repair, Alex, takes it upon himself to research alternative financial services tailored to employee needs. He discovers David Allen Capital's Pay Any Day service, which allows employees to access a portion of their earned wages before the scheduled payday. 💰 Recognizing the potential of Pay Any Day to enhance employee financial wellness and support the company's strategic vision, Alex decides to implement the service at Metro Auto Repair. 💰 Lisa works closely with the David Allen Capital team to roll out Pay Any Day to employees. They provide comprehensive training and support to ensure that employees understand how to use the service responsibly and maximize its benefits. 💰 With Pay Any Day in place, employees at Metro Auto Repair gain access to their earned wages when they need them most, whether it's to cover unexpected car repairs, medical bills, or other financial obligations. This not only reduces financial stress among employees but also fosters a sense of loyalty and commitment to the company. 💰 As a result, Metro Auto Repair experiences higher employee morale, increased productivity, and improved retention rates. Employees feel valued knowing that their employer is taking proactive steps to support their financial well-being. 💰 Furthermore, the implementation of Pay Any Day aligns with Metro Auto Repair's strategic vision of fostering a positive work environment, attracting top talent, and driving long-term success. With the support of David Allen Capital's innovative financial solution, the company continues to thrive and remain a leader in the auto service industry. DAC’s Simple and affordable payment processing can eliminate up to 95% of processing fees. Have payment processing tailored to your business’s specific needs. Call 810-689-9435 speak to me Christopher to see how DAC’s payment processing can empower your business’s growth. Visit the following website for more information. https://lnkd.in/gD9b57Ep #PaymentProcessing #PaymentSolutions #PaymentInnovation #MerchantServices

Looking to boost team morale in these wild times? Uncover how you can maximize employee benefits to support your growing workforce! 💼🚀 Click here for more details: https://lnkd.in/gpN_XUns #EntrepreneurGoals #BusinessMagic

Employees may seek new opportunities for a # of reasons, but typically it's: stress or burnout, lack of benefits, and limited room for growth. Ensuring your best people stay in an environment where every advantage counts can set your company apart. Here are five strategies to keep employee retention rates high. #EmployeeRetention #EmployeeEngagement https://lnkd.in/gMwcyZnd

Unveiling the future of benefits enrollment 🚀 Prepare to elevate your employee experience. Meet Emma EnrollPro™ by bswift—an AI masterpiece, simplifying & personalizing the enrollment process like never before. Empowered by Mindful AI™, its mission is clear—boost enrollment efficiency and aid in making enlightened benefits decisions. Welcome to the new standard of employee wellbeing. 👏💼 #AI #EmployeeBenefits #hrtech #ArtificialIntelligence #HRTrends #EmployeeExperience #BenefitsEnrollment

Discover the best employee scheduling software. Dive into detailed overviews, pricing, pros, cons, and features to find the perfect fit for your business. https://buff.ly/3vheCTZ #employeescheduling #smallbusiness

Crunch the numbers and unlock significant savings! Our latest blog introduces the MEC Savings Calculator—a game-changer for Qualified Applicable Large Employers (ALEs) in the employee benefits arena. Discover how this user-friendly tool from SBMA Benefits can optimize your benefits strategy, leading to financial stability and a healthier, happier workforce. Dive into the details at https://lnkd.in/gcieQ5Kp #EmployeeBenefits #ALE #MECSavings

Couldn‘t agree more 💯 Time IS scarce, in startups especially so. And while there are many tools and methods out there to automate and optimize, leveraging them only works with a dope team that sees the big leverage in it. At 42watt we saw early that onboarding every single new joiner manually does not make sense and is not scalable - so we currently are at around 70-80% automation level of one of the more complex people processes out there, without loosing the personal touch and making sure new watties feel warmly welcomed. … And from here we continue to optimize. Because once you start, you just can‘t stop 😎 cheers to my team at 42watt! #peopleops #peoplelife #onboarding #automate #neverstopoptimizing

Benepass (YC W20) has raised $20 million in new funding to help businesses provide flexible benefits packages to their employees with its all-in-one corporate benefits platform. On average, about 30% of total compensation cost is attributable to employee benefits, says Benepass CEO Jaclyn Chen. However, the average employee doesn't know about all the benefits their companies provide, and very few take advantage of most programs available. By consolidating corporate benefits onto a single card and platform, powered by their in-house fintech payments stack, Benepass helps companies easily take care of their employees through tax-advantaged benefits (e.g. FSA/HSA, dependent care, commuter) and company-funded stipends (e.g. wellness, WFH, professional development). HR teams can centralize all ancillary benefits and perks in the same place and make them a no-brainer for employees to use and engage with while also increasing employee engagement and retention. Congrats to the team on the round!

Payroll Integrations, a San Diego-based startup, addresses the rising demand for financial wellness among employees. It offers integrations with major U.S. payroll companies, simplifying the connection between payroll and benefits, and reducing manual work. Payroll Integrationse technology converts employee data into a structured format for employers to link payroll with retirement and health savings plans. In a competitive market, Payroll Integrations stands out by providing communication between benefits providers and large enterprises. With a $20 million Series A funding led by Arthur Ventures, the company is set for further growth and product development. Source 🗞️ https://lnkd.in/g-kPsZdQ #PayrollIntegrations #FinancialWellness #ArthurVentures