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2TORIAL
Learn2 Choose Employee Benefits
(6 steps)
A perfect (bene)fit

It's not easy to attract and retain top-notch employees, and a strong benefits package can be a big selling point for your business. In fact, good benefits can do just as much as a good salary to attract and retain employees.

From health insurance to retirement plans, benefits offer workers a sense of security. At the same time, the group rates and tax deductions you'll receive can work in your financial favor. We'll explain what's available (and legally required), as well as some low-cost extras, so you can better prepare a package that benefits everyone involved.



Before you begin

Few small businesses can afford to offer employees the full red-carpet treatment, so you're going to have to make some tough choices. Beyond the legal minimum, however, it's ultimately up to you to decide what's most important for you, as an employer, to provide.

   Go to Step 1 of 6


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2TORIAL STEPS
Introduction
Step 1: Assess the competition
Step 2: Provide the legal minimum
Step 3: Cover the basics
Step 4: Consider a more complete plan
Step 5: Check out inexpensive extras
Step 6: Shop around for the best options

 2TORIAL NECESSITIES
Industry newsletters and magazines
Access to job listings
Names and contact information for insurers
Information from the U.S. Bureau of Labor Statistics, which keeps track of salaries and benefits according to profession
Information from the Small Business Administration and small business alliances in your area, which will tell you what you're legally required to provide
Knowledge of what benefits your competitors offer

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