HAUPPAUGE, N.Y., Nov. 5, 2014 /PRNewswire-iReach/ — Magii Inc., a New York-based employee benefits consultant and wealth-management firm, specializes in helping businesses and individuals generate and maintain financial prosperity. The company discusses employee benefits that can help enterprises save money and attract top industry talent.

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Corporations that implement cost-effective employee benefits are saving upwards of $232,000 annually. Research shows that happier people are more productive, and comprehensive employee benefits packages save workers money and help reduce stress. As a result, an attractive benefits package may help increase a company’s bottom line.

Providing employees onsite daycare facilities for their children is becoming more popular. Parents worry less, have a shorter route to commute and spend more time being proactive at work. Statistics have proven that personal problems involving children are the biggest devourers of productivity and result in staggering employee costs.

Offering staff lucrative benefits packages gives them financial security and attracts them to stay for longer periods. A retirement plan that is easier and more profitable for employees will make you stand out from your corporate rivals. This will also invoke decades of loyalty that will save vast sums of money on employee turnover and training.

Another massive concern for parents is educating their children. A 529 plan will allow them to save for a decent college education, while it grows steadily tax free. It should be offered as a direct payroll contribution. The benefit to you is the choice to choose a state plan that provides tax incentives and gives employees a good reason to perform well over the long-term.

Paying staff directly into their bank accounts can save as much as $3.15 per paper check. Direct deposit is quicker than processing and administrating checks, freeing those employees to focus on productive ventures instead. In addition, it is easier for staff if they receive salary directly because it simplifies financial management.

Commuter benefits are another incentivizing option for employees. Corporations are offering it to motivate staff, encouraging them to remain with the company for as long as possible. Participants in these plans save nearly 40 percent of their commuter costs through tax reductions, giving them more money in their pockets each month and providing more financial freedom.

Magii Inc. is a wealth management and retirement advisory firm for successful business executives and near retirees who desire financial peace of mind. Magii is located in Long Island, N.Y. and serves clients in New York, New Jersey and Connecticut.

Media Contact: Mark Gajowski, MAGii, Inc., 631-434-8200, mark@magii-inc.com

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SOURCE Magii Inc.