Employee Benefits Overview for Small Businesses in 2022
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- Опубліковано 25 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!
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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.
Thanks!
Thank YOU so much George!
This is just the best video on the internet which explains all the procedures so efficiently.
Thanks so much!
Thank you
Very helpful
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.
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.
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.
@@ClaraCFO Any good healthcare companies out there for small business?
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
VB? Not sure what that is!
Voluntary Benefits on the rise in the small business space
That's a great thing!
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?
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!
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.
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.
@@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.
Yes! I'd hold him accountable to your agreement! That seems like the best next step!
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.
@@videos10 lol thanks for your genius response