There are two types of employee benefits: those employers are required to provide by law (like workers' compensation); and those employers offer as an option to compensate their employees (like pension plans). Required and optional benefits both have financial implications for employers.
*Since this article was posted, health care reform was passed and SBA has provided fact sheets for small businesses, including how to take advantage of a new tax credit for employers.
We outsource our benefits planning to another company (Barney and Barney) It saves us from doing the work ourselves or hiring another person.
We are also thinking to outsource and we have Barney and Barney in out list. I want to ask are you satisfy with their services. This will help us to choose someone.
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Try Paychex in California, they are headquartered here in NY, but they are nationwide. Tom Golisano became a billionaire building this company. He used to work at a local bank, and then he got some investors and started Paychex.
paychex.com/
Give them a look, they are a very good company.
This post was edited to remove a commercial link. Read more about discussion best practices on Business.gov.
Besides Outsourcing, how else are you managing employee benefit costs? Are you reducing them? Limiting them? Finding other ways?
jasonbaba | Window Shopper | 5/26/2010 - 7:29 am
NicoleD | Former Moderator | 5/5/2010 - 2:54 pm
StuartR | Former Moderator | 5/25/2010 - 8:35 am
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