3 basic benefits for small business employees

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3 basic benefits for small business employees -

There is no secret deal benefits is a dent in your small make company profits - but offer a professional small business health benefits by far the disadvantages. You have to choose was: offer benefits or risk your valuable employees to lose. What makes me wonder what are basic benefits should you offer your small business employees? Here are three of the most basic and important advantages should you offer.? - Or seriously consider

Why Do I Basic benefits for my Small Business Need 3 Basic Benefits For Small Business Employees [1945011So]

, what are the advantages and disadvantages of offering basic benefits for your small business? Let's take a look at it:

Pros

  • Better recruitment and retention

  • Improves staff morale

  • Contributes to the productivity

  • tax benefits

  • The ability to expand your business

Cons

  • the costs

  • the rising cost of health insurance (if you offer group health insurance)

Although the pros and cons list could be longer, the pros outweigh the cons easily. Knowing this, let's talk about what kind of basic advantages you can offer your small business employees

Basic Benefit # 1 :. Health benefits

First, and most importantly, is the health insurance. Why? Health insurance is to have not only a good thing in the case of an accident or illness, but it is a legal requirement for each individual to have it (individual mandate ). So, by offering your employees affordable health care services, you are to offer them a way - and themselves - to remain compatible and have the coverage they need

One could have thought. little to no affordable health care options for small businesses, but this is not the case. Affordable include health insurance options SHOP (if you have fewer than 50 employees), individual health insurance or private health insurance exchange.

during each of these groups an affordable alternative to traditional employer-sponsored are health insurance is the best publicly individual health insurance - costs 20 to 60 percent less than the insurance group [

In addition, many small businesses are employers to move their employees to report for their individual health insurance premiums as tax benefit both the employer and. Retirement

you: to keep employees, and more money in the pockets of their employees and in the vicinity of

Basic Benefit # 2, can a small business, but retirement is just as important for you and your employees as if they worked for a large company. What can you do? Offer a pension plan.

can provide contribution pension such as a 401 (k) rather than a pension. In this way it will encourage your employees to put aside their own funds for retirement pay each period. And if you have the means, fit contributions of your employees up to a certain height as well.

contribution pension enable your employees to invest their money as they wish, a. To by choice of investment funds In addition, your employees retirement encourages them to stay with your company longer - like some other companies can not offer this advantage

Basic Benefit # 3: Paid Time Off (PTO ) [

Let's be honest, would you work for an employer who does not pay time off (PTO) offer? I do not think so. PTO, such as health services, has both large and small companies will benefit a must-offer.

Why? Three words :. Mental Health, financial security

In other words, employees will feel trapped, if they do not take a day without losing out on wages for the day. And we all know, a day off every once in a while (except weekends) to our mind is totally crucial. Also sometimes emergencies occur, and we have no choice.

If you do not offer PTO to your employees when the inevitable day does come that your employees need a day off, they are be forced to take an unpaid day -. sometimes a financial burden caused

in short - do not skip PTO offers.

Conclusion

provide the basic benefits for your employees is not something you should ever consider on skipping. Why? You will risk losing some of the best people that you have, and you may have trouble in the future hiring.

Although offer health benefits, retirement, and PTO are certainly an expense, you can should look at them as a profitable investment for your small business.

In addition to these three basic benefits, what other benefits would you say are important to offer? Comment below, we'd love to hear your thoughts! Create Lovable Employee Health Benefits

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