This video discusses employee benefits packages and some of the benefits that small businesses can offer their employees. The speaker mentions that providing workers with great benefits is the best way to retain them. Workers need to feel that they are an integral part of the business for which they work.
Therefore, they desire to be treated with respect, appreciation, and favor. All businesses can do that by providing their workers with the best options for benefits possible. Smaller companies can boost their worker’s morale, even if they don’t have the means to give their workers what a large corporation can.
There are several benefits that a small business is required by law to offer workers. Those benefits include workers’ compensation insurance, unemployment compensation, and FMLA leave. The benefits that aren’t required are the ones that most new workers will be seeking to obtain. These include health insurance, vision coverage, dental benefits, and short-term and long-term disability plans. Offering attractive benefits packages will help a business to attract new workers. It will also assist a business in keeping the ones who are already there. All small businesses should consider giving their employee benefits a review and upgrade if necessary.