As a small business, you aren’t required to offer employee benefits to a small number of employees because the government recognizes that the costs of offering health insurance or a 401K to only a couple of employees is much more than it is for large companies. Unfortunately, without benefits, you probably won’t be getting the best candidates. Insurance is a deal breaker for a lot of people. The best employees are going to want benefits to secure their future and potentially the future of their family. That is one area were working with Alliance HR will help you out.
Economies of scale
The term “economies of scale” refers to the idea that producing more of a unit makes it cheaper to produce. Employee benefits work in this same way. The more employees you are offering benefits, the less expensive it is for your business. That is why it gets so expensive to insure just a couple of employees vs a thousand employees. When you work with Alliance HR, you’ll sign a co-contract agreement that allows your employees to get thrown in with hundreds of other employees at Alliance HR, which means benefits are much less expensive. Even if you only have 3 or 4 employees, you can still offer amazing benefits, which means you will be able to get the cream of the crop when hiring. When handing out an offer to a candidate who is entertaining multiple offers, you’ll be able to say that you can give out great benefits such as medical, dental, vision, and 401K. By getting better employees, you’ll even be able to see an increase in sales and productivity.
No more worrying about benefits
Even if you do offer benefits to your employees, actually handing out those benefits and managing them is another huge feat, especially if you can’t afford a dedicated HR person to monitor benefits and fill out all the paperwork. If you are expected to manage all the benefits of your employees on top of managing your company, you could end up working late a lot more night instead of going home and enjoying yourself. HR offers online tools to help your employees easily see all their benefits and manage them according to their situation. If an employee needs to upgrade their insurance to a better plan for some reason, they will go see the people at Alliance HR to get it all worked out instead of going to talk to their boss. If they have any questions about their benefits and what exactly they can do with it, they will go see Alliance HR instead of you. It will save you a lot of time and money if you can focus on producing and selling instead of the logistics of taking care of your employees.