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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Take these steps to start building an employee benefits program that won’t break the bank. Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). Life insurance premiums are typically affordable for most businesses. Articulate additional perks.

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Do I Need to Buy Life Insurance?

Success

Buying life insurance isn’t usually fun, but it can be vital to your financial plan. If there are people in your life who rely on your income, life insurance can be essential to ensure that they are protected. Figuring out whether you need life insurance and what type that will work best for your family can take some thought.

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Employees sue Wells Fargo for insurance plan’s inflated prescription drug prices

Work Life

was accused in a lawsuit filed on Tuesday of mismanaging its employee health insurance plan and forcing tens of thousands of U.S. The proposed class action filed in Minnesota federal court by four ex-employees of Wells Fargo claims the bank violated a federal law requiring companies to prudently manage employee health and retirement plans.

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Senate banking chair asks Biden to replace FDIC chairman after ‘toxic culture’ report

Work Life

The most powerful Democrat in Congress on banking and financial issues called for President Joe Biden to replace the chairman of the Federal Deposit Insurance Corp. Sherrod Brown, D-Ohio, and chairman of the Senate Banking Committee. The FDIC is one of several banking system regulators.

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A Freelancer’s Guide to Business Insurance: What You Need to Know

Success

As a freelancer or independent contractor, you may think your business is too small to need insurance. Client contracts sometimes even require you to have freelance business insurance. The bottom line: More than half of those surveyed said their biggest barrier to getting coverage was understanding what insurance their business needed.

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How to set up a payroll process: 10 steps

Insperity

In addition to obtaining deduction information and classification, to add employees to a payroll provider’s system, you’ll likely need: Your employees’ names, addresses and social security numbers Employees’ bank account information (for direct deposit) Your payroll register (if acquiring an existing business with payroll history).

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What are fringe benefits? What employers need to know

Insperity

By creating a thoughtful fringe benefits package, you can start to address those wants and not break the bank. You might also want to add non-taxable perks such as time off for volunteering in the community, the occasional theater and sporting event tickets or marathon sponsorships.

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