Small business owners are constantly analyze and evaluate their budgets and their bottom lines. Sometimes you have to cut back on some things here and there. Other times, you add something to the budget in an attempt to long-term return. It may be tempting to withdraw from providing health benefits, but there is a long-term value by offering them. This article describes how to add health benefits can actually create more value for your small business.
To provide health benefits, or not?
The Affordable Care Act, also known as Obamacare challenges, created and opportunities to offer health benefits. The law, in some cases, caused health insurance premiums to rise, which in turn puts pressure on the bottom line. Consequently, the majority of small businesses (fewer than 50 employees) do not offer health insurance today. 
But, opting not to offer health benefits can be short-sighted. Health benefits can be a recruitment tool and powerful retention and can help small businesses compete with large companies for the best talent. After all, employee retention is one of the most critical strategic asset for small businesses.
As you can see, if you want to offer health benefits are not always an easy decision.
by adopting a broader and longer-term health care and other benefits, you can change how you compensate employees, how you keep the talent, and finally, how to maximize profits.
value of benefits
The point here is that the benefits to health of employees can simply increase the value of your business. They are a valuable asset.
Offering a more robust set of benefits, which is portable, customizable, affordable, will set your business apart from the competition and create the highest recruitment of quality employees and increased retention long.
a smart Way to Add Benefits - Premium Refund
an example of a health benefit for employees smart and feasible economic is a redemption premium arrangement . This type of plan is growing among small and medium enterprises because of its affordability. With a plan like this, you can reimburse employees for health insurance premiums, instead of contributing to an expensive group health insurance plan. The company offers its employees a monthly health allowance to use on individual health insurance - it's simple. Economies average cost is 20 percent to 60 percent.
Conclusion
As your small business if navigates to offer health benefits, or not, consider the employee to the value of health benefits can add to your recruitment and retention, and the value of your company as a whole.
In your experience, what other benefits add to your company's bottom line? Please share with us below.
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