Dependent care benefits include tax credits and employee benefits, such as child care benefits, for caring for their dependents.
The IRS provides a child and dependent care tax credit to eligible taxpayers who paid child or dependent care expenses during the tax year.
Eligible staff members may allocate a portion of their salary to a special flexible spending account to subsequently reimburse qualifying out-of-pocket dependent care costs.
Paid leave is another benefit available to some employees who take time off from work to care for a dependent.
The chief technology officer (CTO) is the chief executive who is responsible for managing the research and development (R&D) of an organization as well as its technology needs.
A living wage is a socially acceptable level of income that provides adequate coverage for basic needs such as food, housing, children’s services and health care.
A retention bonus is a targeted lump sum payment or reward, in addition to an employee’s normal salary, that is offered as an incentive to keep a key employee at work.
Unemployment benefits are benefits paid to people who have recently lost their jobs through no fault of their own, such as being fired or closing a business.
Wellness programs are provided by companies, governments and insurance companies to encourage people to live healthier lives.
“These programs increase productivity, reduce sick days, reduce insurance costs, reduce employee turnover, and reduce workers’ compensation claims.