Miami Tax Planners Explain The Most Beneficial Employee Benefits
Miami Tax Planners – Besides a good salary, employee benefits are mostly the deciding factor for whether a job is worth taking or even staying in. In fact, according to an AICPA poll conducted just a few months ago, 80% of Americans prefer to accept a job with employee benefits rather than without, even if paid 30% more.
What’s the most common employee benefit?
One of the most prevailing benefits for working Americans is, of course, medical insurance. When it comes to healthcare, people in the U.S. understand the importance of being medically covered at a monthly price they can afford. According to the Employee Benefit Research Institute, 83% of employees say health insurance is very or extremely important in deciding whether to stay in or change jobs.
Miami tax planners that medical insurance as an employee benefit is not created equal. Some can cover an employee for surgery, emergency room visits, dermatology and more, while some even cover dental and vision. There’s plenty of diversity, from company to company. In many cases, many employees can also cover their dependents, including spouses and children. Typically, both the employee and employer contribute to the monthly payment.
Saving money through employee benefits
Reaching financial goals is also part of the employee benefit mix. Miami tax planners learned that 56% of the surveyed employees said health insurance and a 401K match were what helped them most to save money or increase their income. 33% of them testified that paid time off would help them save money, while 21% preferred flexible hours. 15% rather work remotely, while 11% preferred tuition reimbursement.
What’s one of the most uncommon employee benefit?
Miami tax planners learned disability insurance isn’t offered by every employer. Disability insurance replaces all or a part of someone’s income when he or she can’t perform their job because of illness or injury. There are two types; short term disability and long term disability. Short term start right away or within weeks of the disability, and offers a few paid weeks to allow the employee to recover. Long term can entitle someone to receive income until retirement age in some cases.
Surprising employee benefits statistics
According to popular job search engine Careerbuilder, 32% of workers are looking to change jobs this year because of low pay, while 15% cite lack of benefits as the reason for change. When it comes to learning opportunities as an employee benefit, 36% of workers and half of millennials would consider quitting their job for more continuing education. Achievers, a employee recognition and rewards program, states 20.7% of workers would leave their jobs for better corporate benefits. While WTW says 78% of workers would likely stay with thir employer because of the benefits they offer.
How do you feel about your employee benefits?