What Benefits Must Florida Employers Offer Their Employees?

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What Benefits Must Florida Employers Offer Their
Employees?
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• Employers in the state of Florida must offer
  their workforce medical and voluntary benefits,
  along with incentives of an economic nature, like
  401(k)s and IRAs, for example. They must also
  offer benefits of a non-financial nature to their
  employees that will help them achieve a balance
  between their work and personal life, such as
  flexible schedules, and ensure that the
  atmosphere and environment in which they work, is
  both comfortable and safe.
• Retirement plans are an important aspect of the
  benefits package of any employee in Florida, no
  matter what role they fulfil lets take a closer
  look

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• 401(k) retirement plans
• Through pre-tax payroll deductions by way of a
  401(k) retirement plan, employees are able to
  contribute towards their retirement, with
  employers able to make matching contributions.
  IRAs offer a similar contribution option, but are
  established by the employee alone, with help from
  a bank or broker.
• Pensions, which are defined benefit plans, offer
  a fixed amount to the employee upon their
  retirement, whereas a 401(k) which is a defined
  contribution plan, enables employees and their
  employers to invest money for the future. In
  recent decades in the U.S., pensions and other
  defined benefit plans have declined in usage and
  are now used only by governments.

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• Are retirement plans being offered by Florida
  employers?
• Statistics show that as many as 82 of employers
  in Florida provide a benefits package that
  includes a 401(k), and as many as 77 of
  employees in the state take advantage of it when
  made available to them.
• What about bonuses are these offered by Florida
  employers?
• As an incentive, bonuses are extremely popular,
  and they often come in the form of end-of-year
  payments which arent dependent on production,
  holiday payments, and employee referrals among
  others. How generous the bonuses are and how they
  are structured varies significantly and are often
  dependent on the role that an employee fulfils.

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• Are there any other benefits offered by employers
  in Florida?
• Financial incentives and other perks are vital in
  helping to keep a workforce productive, for
  motivating individual employees within their
  roles, and for attracting and maintaining the
  very best employees. Employers in Florida must
  think long and hard about the different benefit
  options available to them, which can range from
  assistance with student loans, and wellness
  programs, to financial planning and making EAP
  (employee assistance programs) services
  available.

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• What benefits should you offer your employees as
  an employer in Florida?
• To be an employer with a great reputation for
  taking care of your employees (and therefore one
  who is able to attract the best new hires when
  needed and retain them), you should carry out
  enough research to be able to offer them
  personalized benefits packages, or at the very
  least, benefits that they will appreciate
  according to their personal circumstances. For
  example, an employee who has just graduated
  college, will undoubtedly gain from a very
  different set of benefits and perks than a
  seasoned professional with a family. One employee
  might appreciate help with transportation or
  childcare, while others might enjoy a more
  flexible schedule.

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• Ultimately, an employer who is able to take care
  of their employees and show appreciation for them
  in the form of a variety of perks and benefits
  (whether they are obliged to offer them, or not),
  is always going to stand out in a crowded job
  market, and gain a positive reputation.
• Many companies find it helpful to work with an
  outsourced payroll provider who can offer
  guidance related to employee benefits packages
  within the state of Florida, and handle all of
  the payments and tax requirements that come with
  them.

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• Apollo Payroll is dedicated to delivering expert
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  Our services include comprehensive payroll
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