benefits

401(k) vs. IRA: Pros, Cons, and Comparison

The pandemic has made many of us conscious of our spending, employees included. As a result, when it comes to employees, even people who just graduated and are in their 20s are looking to save up for retirement plans. So, whether your employees belong to the near-retirement age or not, it doesn’t matter because they …

401(k) vs. IRA: Pros, Cons, and Comparison Read More »

Designing a Well-Rounded Compensation Plan

Compensation is a hygiene factor that is essential for employees. The absence of a well-developed compensation plan can have a negative impact on an employee’s motivation, thus impacting performance. With 80% of best-in-class employers offering health insurance and effective compensation reducing organizational attrition by 56%, the benefits of well-rounded compensation plans cannot be denied (Source). …

Designing a Well-Rounded Compensation Plan Read More »