Best Hollywood Employee Benefit Packages Near Me – Premium Hollywood FL Employee Benefit Plans Provider

Saturday, November 11, 2023 15:38 Posted by Admin
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Employee benefits are an essential aspect of any thriving company. In Hollywood, FL, the competition for top talent is fierce, and a well-designed employee benefit packages Hollywood FL can be the deciding factor for job seekers. In this blog post, we’ll explore the landscape of employee benefits in Hollywood, FL, and discuss how companies can create attractive and competitive packages that not only entice top talent but also foster a positive company culture. Let’s dive in!

Key Takeaways

  • Employers in Hollywood, FL must adhere to state & federal laws for employee benefits.
  • Local companies offer competitive benefit packages including group health insurance, retirement plans and HRA funds.
  • Companies can attract and retain top talent by offering comprehensive benefits such as wellness programs & flexible work hours.

Understanding Employee Benefits in Hollywood, FL

hollywood, florida, ocean

In fl hollywood, located near Fort Lauderdale, employers typically offer the same types of employee benefits and are subject to the same legal requirements as other employers. Some fl hollywood most common benefits include:

  • Personal leave policies
  • Salaries
  • Job descriptions
  • Insurance brokerage services

It’s important for employers to adhere to both state and federal employment laws pertaining to employee benefits.

Two local companies that stand out for their competitive benefit packages are Memorial Healthcare System and the City of Hollywood itself. The subsequent sections will detail the offerings of these companies, providing a benchmark for other businesses in the region.

Types of Employee Benefits

Employee benefits available in Hollywood, FL include health insurance, retirement plans, and paid time off. Some companies offer unique benefits such as the Health Reimbursement Arrangements (HRA), which is a fund that the City of Hollywood contributes to annually for eligible employees to use for IRS-approved medical expenses not otherwise reimbursed. HRA funds can only be used until the end of the calendar year that they are issued. December 31st each calendar year marks the expiration date for all HRA funds..

Other benefits include:

  • The City’s 457 Tax-Deferred Retirement Plan, which allows employees to make pre-taxed contributions to a voluntary retirement investment account through automated payroll deductions
  • Eligible employees can accrue 12 days of sick leave annually, which can also be used for bereavement leave
  • The City even grants two paid workdays each calendar year for mental health well-being.

Legal Requirements

Employers in Hollywood, FL must comply with the following regulations:

  • Minimum wage: The minimum wage in Hollywood is $8.56 per hour.
  • Overtime: Overtime is paid at 1.5 times the regular rate of pay for all hours worked over 40 in a workweek.
  • Retirement plans: Employers are required to provide retirement plans.
  • Health insurance benefit plans: Employers are required to offer health insurance benefit plans.

In addition to these job requirements, the City of Hollywood provides the following benefits to eligible city employees:

  • Medical, dental, prescription drug, and Vision Plan benefits
  • Full-time employees are also eligible to purchase additional life/ADD and/or dependent life/ADD insurance
  • The City offers a Sick Leave Pool Program, which allows eligible employees to take advantage of extended sick leave benefits for non-work-related catastrophic or long-term illnesses or injuries, as well as for elder care.

Local Companies with Competitive Benefit Packages

As we’ve mentioned earlier, Memorial Healthcare System and the City of Hollywood are two local community organizations known nationwide for their competitive employee and family benefits service packages.

The sections ahead will examine these companies in more detail, emphasizing the perks they provide to their staff full time employees.

Memorial Healthcare System

Memorial Healthcare System stands out for its full service and comprehensive benefits and service package that encompasses:

  • Medical, dental, and vision plans
  • Reproductive medicine benefits
  • On-site wellness programs
  • Retirement options, including 403(b), 401(a), and 457(a) plans

The financial benefits offered by Memorial Healthcare System include:

  • Voluntary medical benefits
  • Disability coverage
  • Retirement plans
  • Credit union membership
  • Educational assistance
  • Health insurance
  • Dental insurance
  • Life insurance
  • Leave benefits

Moreover, the healthcare system supports its employees’ families through comprehensive health care services, long-term disability options, life insurance, child, elder care and tuition assistance program for children.

City of Hollywood

The City of Hollywood’s employee benefits package features a compressed work week option, health insurance plans, and tuition reimbursement. The City provides eligible employees with self-funded health insurance benefit plans, including medical, dental, and prescription drug coverage. The medical insurance is provided through Cigna.

In addition to access to these benefits and city services, the City of Hollywood offers these city to:

  • A cell phone stipend of $70 per month to eligible employees
  • The option of a City vehicle or a car allowance of up to $400 per month for eligible employees
  • A tuition reimbursement program that requires all coursework to be approved prior to the start of the class, with undergraduate courses with a grade of C or better eligible for 100% reimbursement at state tuition rates.

Designing an Effective Benefits Package

Creating an impactful employee benefits package requires understanding the workforce’s needs and weighing the costs against the benefits. Engaging with employees, regularly reviewing the benefits package, and utilizing market data to compare offerings with those of competitors are some strategies that can be employed to assess employee needs.

To ensure a balanced cost-benefit ratio, consider conducting a benefits evaluation, analyzing current coverages, adding or deleting plans, exploring alternative offerings, and prioritizing employee-valued benefits.

Assessing Employee Needs

The most sought-after employee benefits in Hollywood, FL, include:

  • 4-Day workweek
  • AFLAC and Preferred Legal Plan
  • Work-life assistance
  • Defined pension plan
  • Voluntary medical benefits
  • Long-term and short-term disability
  • Wellness programs
  • Retirement plans (401(a) Plan and 457(a) Plan)
  • Competitive starting salaries

Evaluating employee needs plays a pivotal role in developing a potent benefits package program. This process involves pinpointing the specific needs and wants of the employer and workforce, tailoring the package accordingly, and maintaining its relevance and worth to the staff.

Balancing Costs and Benefits

Equating the costs with the benefits of an employee package is vital to both the organization and its workforce. When assessing the costs and benefits, factors to consider include:

  • Employee satisfaction
  • Cost-efficiency
  • Budgetary restrictions
  • Market competitiveness
  • Legal and regulatory adherence
  • Customization possibilities
  • Long-term implications
  • Communication and education

Taking these factors and other items into consideration will help ensure a comprehensive evaluation of the employee package.

Hollywood, FL companies have effectively reconciled the cost and advantages of their employee benefits packages through strategies such as:

  • Offering voluntary supplemental insurance choices
  • Implementing wellness programs
  • Educating employees
  • Evaluating outsourcing HR to a PEO

The average cost of employee benefits for employers in the city of Hollywood, FL is $13.39 per hour according to the Bureau of Labor Statistics.

Navigating the Benefits Landscape: Resources for Employers and Employees

Employers and employees in Hollywood, FL can access various resources to help navigate the benefits landscape. These resources include:

  • The City of Hollywood’s Employee Assistance Program
  • Equity Insurance Underwriters Inc.
  • Engage
  • Broward County Benefits website
  • PeopleKeep
  • Baker Donelson
  • Employ Florida
  • XpertHR
  • The Employee Benefits information provided by the City of Hollywood, FL
  • The Employee Benefits Security Administration (EBSA) under the U.S. Department of Labor.

Broward County HR Resources

Broward County human resources in Hollywood, FL can provide access, service to and support the following support services and assistance to employers, families and employees:

  • Employee personnel file review
  • Answering questions and providing contact information for further inquiries
  • Assistance with government job applications
  • Compensation, payroll, benefits, and employment history verification

Broward County also offers HR and payroll assistance programs and support for small businesses. The Broward County Small Business Assistance Guide lists community organizations that provide business assistance, and our partner CareerSource Broward offers training financial assistance for small businesses. For more information, visit the Broward County Economic Development website and the partner CareerSource Broward website.

State and Federal Resources

The federal regulations for employee benefits in the US include the Employee Retirement Income Security Act (ERISA), which regulates pension and welfare benefit plans offered by employers. In Florida, there is no legal requirement for employers to provide health insurance, but employers should refer to federal laws such as ERISA, COBRA, and ACA for guidance.

The Department of Labor provides a range of human resources to assist individuals in understanding employee benefits, human resources such as:

  • Information on medical, dental, and vision benefits
  • Flexible spending accounts
  • Life insurance
  • Long-term care insurance
  • Thrift savings plans
  • Pension plans
  • Pay tables
  • Compliance assistance resources for health care, retirement, and other employee benefit plans

The Internal Revenue Service (IRS) offers various human resources, related to employee benefits, employment, taxation and compliance.

The Impact of Employee Benefits on Company Culture

young, people, woman

The influence of employee benefits on a company’s culture is profoundly significant. A comprehensive and competitive benefits package can:

  • Attract top talent
  • Foster a positive company culture
  • Enhance employee health and happiness
  • Support company values
  • Draw in top talent

Attracting Top Talent

Offering competitive benefits can enhance a company’s appeal and competitiveness, thereby facilitating the hiring of top-tier professionals. Such benefits may include:

  • Competitive compensation
  • Flexible work arrangements
  • Paid time off
  • Parental leave
  • Learning and development opportunities
  • Stock options

These benefits demonstrate the company’s commitment to investing in their employees’ well-being and professional growth, as well as help retain top talent, reducing turnover and ensuring a stable and high-performing workforce.

In Hollywood, FL, the most attractive employee benefits to talent are:

  • Health insurance
  • Retirement benefits
  • Vacation time/PTO
  • Flexible schedule
  • Remote work options
  • Wellness programs

Offering these sought-after benefits can greatly contribute to attracting top professionals in the service area, especially those who have graduated from an accredited college or university.

Retaining Valued Employees

Offering an all-encompassing benefits package has numerous merits, including:

  • Employee retention and minimized turnover
  • Incentive for employees to join and remain loyal to a company
  • Attracting top talent
  • Enhancing performance
  • Building a positive company culture

Flexible work options, paid leave, financial wellness programs, and career development opportunities are some of the most beneficial employee benefits that contribute to employee retention. Other advantages that attract and retain quality employees include:

  • Health benefits
  • Retirement benefits
  • Remote work options
  • Education benefits

Case Study: A Hollywood, FL Company with Exceptional Employee Benefits

In Hollywood, FL, Duty Free Americas, LifeCell, and HEICO are renowned for their exceptional employee benefits. These companies showcase the positive impact that a well-designed employee benefits package can have on the organization, workforce and company culture, enhancing employee health and happiness, supporting company values, drawing in top talent, and fostering a healthy work-life and family balance.

These organizations have exemplified that strategies like:

  • competitive pay and perks
  • flexible work hours
  • internal promotions
  • prioritizing staff wellbeing and satisfaction

are effective in retaining employees via benefits. By investing in their employees’ well-being and professional growth, these organizations have created a positive company culture that attracts and retains top talent.


In conclusion, a well-designed employee benefits package is crucial for attracting and retaining top talent, fostering a positive company culture, and enhancing employee health and happiness. By understanding the benefits landscape in a community of Hollywood, FL, and utilizing the available resources, employers can design and implement competitive benefits packages that not only entice top talent but also create a supportive work, family and life environment where employees can thrive. The investment in comprehensive employee benefits services will undoubtedly yield long-term benefits for both the company and its valued workforce.

Frequently Asked Questions

What is a standard benefit packages for employees?

Employee benefits typically include health care coverage, retirement benefits, and paid time off, as well as required federal benefits such as COBRA, FMLA, and minimum wage standards. Some states also mandate further coverage for services such as disability, workers comp, and additional leave for family only.

What are the 4 major types of employee benefits?

The four major types of employee benefits are medical, insurance, paid time off, and retirement. Additionally, there are nontraditional benefits that can help to boost employee engagement and retention.

How much should I pay for employee benefits?

On average, companies are spending between $50 to $200 per month per employee for benefits. According to the Bureau of Labor Statistics, benefits account for 29.6% of the average cost per private industry employee, or $11.42 per hour. Therefore, it is advised to budget accordingly to pay for employee benefits.

What types of employee benefits are common in Hollywood, FL?

Employees in Hollywood, FL typically are full time employees receive benefits such as health insurance, retirement plans contributions, and paid time off.

What are the legal requirements for employers in Hollywood, FL regarding employee benefits?

In Hollywood, FL, employers are legally required to provide minimum wage and overtime regulations, retirement plans, and health insurance benefit plans.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.

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