Small business growth is simultaneously exciting and scary. Watching your revenues increase and your staff grow can feel like the ultimate validation — proof that your hard work is paying off. But as your business and workforce grow you will need to take a closer look at your health and dental plans. Figuring out how to give your employees the best care at a cost you can afford can be challenging. Here are four strategies to help you save money and offer an attractive benefits package.
Know Your Staff
In a small business, you often have the chance to know all your employees and their families. If no one has tweens or teens, expensive orthodontic care probably won’t be a benefit your employees will use. On the other hand, people with kids in this age range may be thrilled with this type of coverage and, if you’re looking to grow your workforce, it might help you attract this demographic. You want to make sure you’re offering benefits your staff wants without paying for benefits your staff doesn’t need. Don’t guess — ask!
To keep reading, click here: Small Business Growth Doesn’t Have to Mean Growing Benefits Costs