Employee Benefits Overview for Small Businesses in 2022

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

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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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.

[henrythomas]

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

[shieldglobalsolutions]

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

[sbfinancialfocus]

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.

[markjoyner]

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.

[AngelSouls]

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.

[michaelcohagan]

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?

[shieldglobalsolutions]

Voluntary Benefits on the rise in the small business space