Employee Benefit Plans

A well-designed benefits package is responsive to an employee's needs and will also focus on the employer's objectives. In today's market, a competitive benefits package can be a good recruitment tool as well as good for employee retention.

Basic benefit plans address an employee's need for healthcare, retirement, holiday pay and paid vacation time. More in-depth plans cover things such as flexible spending and day care.

Cafeteria Plans
More often than not companies are now turning to what is called a cafeteria plan benefits package. The idea being that employees can pick and choose which benefits they want from a menu of options. So perhaps one person wants healthcare and vacation and another is only interested in starting their individual retirement account - a cafeteria plan can accommodate both.

By Lisa Sharp