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In today's competitive job market, a strong benefits package is crucial for attracting and retaining talent. With over 150 voluntary benefits available, choosing the right options can be overwhelming and costly for employers.
Handling employee benefits can be complicated, particularly regarding taxation. It's crucial for both employers and employees to grasp the tax implications. Discover some key factors related to the taxation of employee benefits.
Rising inflation and interest rates are stretching employees' dollars, prompting them to seek employer guidance on financial wellness, including debt reduction, budgeting, and emergency savings. With financial pressure surpassing other job change reasons, organizations are seeking ways to support employees' financial goals beyond salaries.
In Opinion Letter FMLA 2025-01-A, the U.S. Department of Labor clarified that state and local paid family and medical leave (PFML) is treated like paid disability and workers' compensation under FMLA rules. PFML must be designated as FMLA leave, but accrued paid leave cannot be automatically combined with PFML.
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Check out our tools and resources that can help individuals navigate the complexities of insured products, retirement planning, mental health, and medical insurance. These materials provide valuable insights and guidance to ensure informed decisions and secure financial futures.
