6 Small Business Benefits That Don't Cost A Fortune

Are you a small business planning to offer benefits to your current staff or new employees?  Since small businesses often don’t have big budgets to compete with bigger companies on salary, offering employee perks is one way to help bridge the gap, boost morale and improve employee retention rates.
 
Many experts and entrepreneurs have identified some of the best perks that small businesses can offer employees.

1. Educate Them:  There are many perks employers can offer, but one that may fall into the favorite category is tuition reimbursement.  Not only can tuition reimbursement lead to happier employees, but it can also attract higher-quality employees. 
2. Free Food:  While you don’t need an in-house chef, a well-stocked snack pantry and quality     coffee maker can go a lot further than you think.  And, try to veer on the healthier side – you don’t want your team crashing on sugar. 
3. Listening to Employee Needs:  Whether your company is big or small, you need to listen to employee needs and understand the personal challenges they face to do their job well.  Voluntary benefits such as Legal Shield and Legal Estate are benefits that not only can protect their family under stress and future savings.
4. Show Appreciation:  Since most talented employees leave because they don’t feel appreciated, take steps to ensure your best people know how much the company values them.  This is a value can be added by dedicating space in newsletter for employee of the month and planning for team building events. 
5. Health Care: As a small business owner, you have options to offering healthcare for employees or at least providing a resource to delivering the information and tools for registering.  Employers have reimbursement programs and it also creates a tax-deductible expense for the employer.
6. Rewarding Employees with Money:  Small business owners can provide employees with a reimbursement program option.  This allows the employees to use the funds for family day to day expenses or medical. 

Motivating employees with perks doesn’t have to cost a fortune.  What small businesses may lack in corporate advantages; they gain in more closely-knit team.  Fontenot Solutions offers attractive perk solutions