July 2, 2020
Lift Retirement: News & Information for Employees
- 5 Ways Total Rewards Can Help Recruit Top Talent
- 4 Qualified Plan Tax Advantages for Employers
- Pros and Cons of Taking Coronavirus-Related Distributions from Retirement Savings
A good total rewards program helps you attract and retain the best possible talent for your organization. Add a great workplace culture and environment and you could be on your way to becoming an employer of choice among job-seekers.
WHAT IS A TOTAL REWARDS PROGRAM?
A total rewards program is adopted by a company that provides benefits for its employees including:
1. Compensation—base pay, overtime, bonuses
2. Work/life balance—flexible scheduling, remote work opportunities
3. Benefits—health, life, dental and vision insurance, retirement plan, and voluntary benefits such as wellness
4. Recognition—feedback regarding performance and areas needing improvement, employee recognition programs
5. Growth and development—performance development planning, career paths, internal and external training, tuition reimbursement
However, the playing field has changed with the COVID-19 pandemic.
We’ve gone from record employment to record unemployment. That should make it easier to recruit top talent, right? It might—but only
if your benefits are up to the challenge.
Materials herein were prepared by 401(k) Marketing, LLC. TrinityPoint Wealth and 401(k) Marketing, LLC are not affiliated.
Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC. Headquartered at 80 State Street, Albany, NY 12207. Purshe Kaplan Sterling and TrinityPoint Wealth are not affiliated companies. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE, INCLUDING LOSS OF PRINCIPAL. NOT INSURED BY ANY STATE OR FEDERAL AGENCY.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements and you should consult your attorney or tax advisor for guidance on your specific situation.
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