Increasing Employee Take-Home Pay
Many employers struggle with the retention of "Superstar" employees due to their limited budgets or a plethora of other factors. We can debate the impact of wage hikes on inflation or other economic factors that most employees don't care about or think about those things on a regular basis. Bottom line: Can I feed my kids or afford gas?
There is a simple way to increase the take-home pay of your employee without having a negative impact on company profits. Small business owners, you can retain that Superstar by increasing your health coverage options while reducing their cost by up to 40%.
Employees want extra benefits to help them improve the quality of their life and add the benefits that they can't get on their own. As employers struggle with meeting budgets, employees struggle to accept the new inflation reality.
Bottom line? If choose to offer a health coverage plan that will remove the burden of an annual deductible and upfront co-pays from your employees, while also reducing their coverage cost by 30%, you have effectively given each employee an increase in take-home pay.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
2 年Well said.