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There are several types of retirement plans an employer can choose. Among the most common are pension and 401(k).
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a federal law that applies to organizations that employ 20 or more people and sponsor a group health plan. You and your health plan carrier should identify who is responsible for your organization's COBRA administration and communication procedures.
Insurance is another non-cash benefit that offers psychological security and could help an employer retain employees, even more than an equivalent salary increase. Explain your organization's insurance program and how it works in a written policy.
A competitive benefits package is often one way to recruit, retain, and motivate talented and dedicated workers. Time off for employees is generally beneficial to both the employees and the employer.
Resources that can help local associations conduct and offer training as part of the REALTOR® Code of Ethics Training Requirement.
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