Employee Benefits Overview for Small Businesses in 2022

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  • Опубліковано 15 чер 2024
  • Hiring is one of my client’s biggest challenges right now, and my guess is that if they are struggling with it, you might be too. To stay competitive in this environment, you may be realizing that benefits are essential to attracting and keeping top talent. This video will discuss some basics about benefits.
    00:00 Introduction
    1:07 What are employee benefits?
    1:43 Cost of Turnover
    3:17 Paid time off
    4:11 Insurance
    4:40 Health Benefits
    5:12 Retirement
    6:00 Ownership
    6:54 Other Benefits
    8:30 Survey your employees
    10:00 Important Note about Benefits
    For extra help planning for the cost of benefits, we have the cost of hiring tool available to help you: learn.claracfo.com/cost-of-hi...
    Also, make sure you are subscribed as we have more videos about benefits coming soon!
    Employee retention is critical during the great resignation - maybe it's time to consider what adding benefits could do for your business!
    -------------------------------------------------------------------------------------------------------------------------------------------------------
    💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! claracfo.com/QBO
    🙋‍♀‍Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: claracfo.com/gusto
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    (As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
    Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
    Disclaimer: This video is intended for educational purposes and
    should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

КОМЕНТАРІ • 22

  • @georgerichford8393
    @georgerichford8393 Рік тому +2

    Thanks!

    • @ClaraCFO
      @ClaraCFO  Рік тому +1

      Thank YOU so much George!

  • @henrythomas7112
    @henrythomas7112 Рік тому +4

    This is just the best video on the internet which explains all the procedures so efficiently.

  • @genesys007
    @genesys007 4 місяці тому

    Very helpful

  • @shieldglobalsolutions4967
    @shieldglobalsolutions4967 Рік тому +2

    Great content Clara, would be great to highlight a few V.B. that will attract talent to small businesses. I would be happy to do like a 5 minute run. Thank you hope all is well. Jesse

    • @ClaraCFO
      @ClaraCFO  Рік тому +1

      VB? Not sure what that is!

  • @sbfinancialfocus
    @sbfinancialfocus Рік тому

    Really helpful video - @ClaraCFO! I used it as inspiration for a couple of my newsletters.
    For those watching - at 1:50, I imagine she says “especially for small businesses” because small businesses don’t benefit from the same economies of scale (cost advantages from buying more) that big businesses do.

  • @DONWILLCERTIFIED
    @DONWILLCERTIFIED Рік тому +2

    Thank you

  • @michaelcohagan1775
    @michaelcohagan1775 Рік тому +2

    Hannah, Another informative video. We've been kicking around adding a Simple IRA w/3% match. Just not sure how we begin the process or who we go through to get it going. Any Ideas?

    • @ClaraCFO
      @ClaraCFO  Рік тому +1

      that's great! Most investment companies will offer a simple IRA. I have had a client use Vanguard's before, and I found it very easy to use. Just shop around and see what type of flexibility the plans offer for the underlying investments! You want options with low expense ratios and good variety! congrats on considering this!

  • @markjoyner3681
    @markjoyner3681 Рік тому +2

    Voluntary is great for small businesses. Health isn't required until you have 50 full time equivalents. 50 full employees or 100 part time. There are a multitude of options.

    • @ClaraCFO
      @ClaraCFO  Рік тому

      Yes, health insurance is becoming more "mandatory" not from a regulatory perspective, but more as a way to attract talent. Fewer people are interested in jobs without health insurance.

    • @kaoniaw
      @kaoniaw Рік тому

      @@ClaraCFO Any good healthcare companies out there for small business?

  • @shieldglobalsolutions4967
    @shieldglobalsolutions4967 Рік тому +3

    Voluntary Benefits on the rise in the small business space

    • @ClaraCFO
      @ClaraCFO  Рік тому +2

      That's a great thing!

  • @AngelSouls
    @AngelSouls Рік тому +2

    I hired a CPA who only filed my tax return. He doesn't help with anything else, and I have paid him his full fee. What should I do? Do I report him? I'm really tired of paying for services I don't get.

    • @ClaraCFO
      @ClaraCFO  Рік тому +1

      Angel, what is in the engagement letter you signed with the cpa? Many CPAs only file tax returns, but I'd check your agreement and compare that to what services were provided. From there, have a conversation with the CPA if they did not do work that was promised.

    • @AngelSouls
      @AngelSouls Рік тому +2

      @@ClaraCFO Thank you so much for this! We agreed that the fee included tax planning and advice on sales taxes. He has done neither. I will have a conversation with him. Thank you again for your help.

    • @ClaraCFO
      @ClaraCFO  Рік тому +2

      Yes! I'd hold him accountable to your agreement! That seems like the best next step!

    • @videos10
      @videos10 Рік тому +1

      Lol, "do I report him?" It's simple, if you don't like the service, or want more service, look and explore for options. You're not obligated to stay, lol.

    • @AngelSouls
      @AngelSouls Рік тому +2

      @@videos10 lol thanks for your genius response