Compensation and Benefits

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Description

Typical benefits in small businesses

  • Introduction
  • Conclusion
  • Why provide benefits for small businesses.
  • The pros and cons of providing benefits to small businesses.
  • Benefits in small businesses
  • Other Benefits
  • Importance of small Business
  • Importance of providing benefits to employees

Pros:

  • Recruiting and Retention
  • Improve morale
  • Tax
  • Contributes to productivity

Cons:

  • Higher cost
  • Higher insurance
  • Healthcare Benefits
  • Retirement
    1. Why retirement necessary for small business.
  • Paid Time Off (PTO)
  • Life and Disability Insurance
  • Importance of providing healthcare
  • ACA
  • example

2. 401 (K)

3. SEP-IRA

  • Specific content
  • Reason
  • How to provide the PTO
  • Example
  • Term Insurance
  • Permanent Insurance
  • STD & LTD
  • Training opportunities
  • Free Food
  • A relaxed work environment

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Explanation & Answer

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Anonymous
Very useful material for studying!

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