Employee Benefits
Why are employee benefits important?
Comprehensive benefit packages are attractive to job seekers, particularly if benefits extend to their families. Offering a competitive benefits package can give you the edge you need to hire and maintain a quality, dedicated staff.
What Employee Benefits Are Important in the Tech Industry?
In the tech industry, crucial employee benefits include comprehensive health insurance and retirement plans. In addition to a standard benefits package, offering flexible working arrangements and opportunities for professional development can help attract and retain top talent.
What Types of Benefits are Available?
Medical benefits
- Healthcare
- Dental
- Vision
- Workers’ compensation
- Flexible spending account
Life, accident insurance and disability plans
- Basic and supplemental life
- Disability
- Business travel
Retirement
- 401(k) savings plans (often includes company matching)
Additional benefits
- Tuition reimbursement program
- Paid holidays
- Vacation days
- Sick and bereavement days
What Employee Benefits Are Legally Required?
In California, employers are legally required to provide certain employee benefits to ensure the well-being and protection of their workforce. These benefits are mandated by state and federal laws and cover a range of areas, including health, safety and financial security. Depending on your company’s situation, you may be required to provide the following:
- Family and medical leave
- Workers’ compensation insurance
- Unemployment insurance
- Health insurance
- Disability insurance
- Paid sick leave
- COBRA and Cal-COBRA continuation coverage
- Paid family leave
- Retirement savings plan
Staying informed about these requirements and regularly reviewing benefit offerings can help employers maintain compliance and support their workforce.
How Much Do Employee Benefits Cost a Company?
The cost of benefits for a company can vary widely based on factors such as the number of employees, the types of benefits offered, and the specific coverage details. Generally, benefits like health insurance, retirement plans and paid leave contribute significantly to the overall expense.
Contact our experienced agents for a personalized estimate tailored to your business.
Get started today
Offering quality, competitive benefits is simple with the help of our experienced staff. Call us today to begin customizing an employee benefits package for your company.