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National Employee Benefits Day 2024: Date, History, Activities, Facts and Significance

National Employee Benefits Day is celebrated on a specified date in April 6 each year. The average American spends seven times as much on healthcare as they do on gasoline. Let everyone know the importance of this day.

By Newsd
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National Employee Benefits Day

National Employee Benefits Day 2024: National Employee Benefits Day is celebrated on a specified date in April each year. This day was created to recognise the dedication and planning of the team of employers who strive to provide their employees with benefits that improve their lives. Nearly eight decades have passed since the introduction of employee benefits programmes in the workplace. These types of programmes result in motivated employees who work to ensure the organization’s objectives are met.

HISTORY OF NATIONAL EMPLOYEE BENEFITS DAY

Employee Benefits refers to the perks and benefits that are provided to employees in addition to their salaries. These may include vacation time, loans, insurance, stipends, travel vouchers, daycare facilities, etc. It is believed that employee benefits are the primary factor that motivates employees to perform their best at work and to remain with the company. They bring about positive changes in their personal lives, which ultimately enhances their professional lives. For managers and administrators to improve the work-life balance of their employees, this is a crucial factor to consider.

It is possible that employee benefit programmes originated in the early twentieth century. 1935 saw the introduction of the Federal Insurance Contribution Act (FICA), which ensured that retirees and those with disabilities received social security and medical care. In 1944, the Philadelphia charter stated that labour is not a commodity. During World War II, the phrase “peripheral benefits” was coined. It referred to the various indirect benefits the industry provided its employees to retain labour as the economy had collapsed and it was not possible to increase daily wages. A corporation in the United States could offer its employees a type of benefit plan known as cafeteria plans. The plan allows employees to choose from the various benefits schemes.

The American Rescue Plan Act (ARPA) was introduced in the U.S. in 2021 as a relief bill that ensured subsidies and pension plans. National Employee Benefits Day was created to show appreciation to the people who make sure employees get the correct benefits and work towards a healthy work environment for all.

NATIONAL EMPLOYEE BENEFITS DAY ACTIVITIES

Raise a toast

Raise a toast to all the people behind the amazing employee benefits you have at work. If you know someone who works in that field, extend your gratitude and well wishes.

Share it on social media

Let everyone know the importance of this day. Take pictures of yourself celebrating National Employee Benefits Day at work and share them on your social media page.

Spread the word

You can organise meetings and webinars and discuss the various planning and strategies that go into providing the best employee benefits at work. Inform individuals about various programmes and how they can enhance their professional lives.

5 FACTS ABOUT EMPLOYEE BENEFITS

Health insurance is preferable.

A study revealed that approximately 45 percent of individuals desired health benefits as part of their employment package.

Healthcare is costly.

The average American spends seven times as much on healthcare as they do on gasoline.

The requirement for paid leave

One-half of women and one-quarter of men prefer paid vacation time, according to a study (PTO).

Miscellaneous benefits are important

A study found that approximately 30% of respondents desired benefits such as gym memberships and restaurant coupons.

The benefits are not as described

Some studies indicate that people spend an average of 1.3 hours reviewing their benefits and 4.5 hours on their grocery list.

NATIONAL EMPLOYEE BENEFITS DAY DATES

Year Date Day
2023 April 6 Thursday
2024 April 6 Saturday
2025 April 6 Sunday
2026 April 6 Monday
2027 April 6 Tuesday

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