It’s no secret offering benefits will make a dent in your small business’s profits - however, the pros of offering small business health benefits far outweigh the cons. You’ve got to choose: offer benefits, or risk losing your most valuable employees. Which makes me wonder, what are basic benefits you should be offering your small business’s employees? Here are three of the most basic and crucial benefits you should be offering - or seriously considering.
Why Do I Need Basic Benefits for my Small Business?
So, what are the pros and cons of offering basic benefits to your small business? Let’s take a look:
Pros
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Better recruiting and retention
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Improves employee morale
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Contributes to productivity
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Tax advantages
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Ability to expand your business
Cons
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Cost
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Rising health insurance costs (if you offer group health insurance)
Though the pros and cons list could each be longer, the pros easily outweigh the cons. Knowing this, let’s talk about what type of basic benefits you can offer your small business employees.
