Excite Tools
Advertisement
Search/Tools  Yellow Pages    White Pages  Maps/DirectionsSmall BusinessClassifieds
2TORIAL
Learn2 Choose Employee Benefits (continued)
Step 5: Check out inexpensive extras



Creative managers have discovered low-cost ways to boost morale and improve employee retention rates. While not traditional benefits, some may be tax-deductible. Here are a few examples:

Gym membership. You can probably get a business discount even if you have only a small number of employees. Gym attendance helps ensure good health for your employees and can even increase worker productivity. If you can't pay for the membership, you can at least pass along the group discount.

Food and drink. Everyone likes a free lunch on occasion. Plus, workers get a chance to interact, and employers may be able to write off the costs. If lunch isn't an option, free drinks and snacks are always appreciated.

Massage. Massage has been shown to reduce injuries, especially when employees spend a lot of time at their keyboards. By providing a massage program, you may even receive a reduction in workers' compensation insurance rates. And who wants to leave a job that includes a weekly rubdown?

Transport passes. Everyone appreciates free or subsidized transport to and from work. Passes aren't usually costly, and tax breaks and volume discounts can sweeten the deal for both of you.

Purchasing clubs. You can purchase group memberships in discount retail organizations, saving employees money over the long term.


 Previous Step

 Go to Step 6 of 6


 Click here to email this page to a friend  

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

 OTHER 2TORIALS AND LEARNLETS
2torials:
Learnlets:
Autos
Travel
Business
Autos
Travel