| What is the major concern for an
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| | contributed to these plans. In spite of
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| employer? Taking very good care of their
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| | this situation, growing companies do not
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| employees is a must. Many have perceived
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| | fund more than $2,500 every year to an
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| that as an expensive task to overcome, as
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| | employee's saving plan. Most of the small
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| it means providing the employee with
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| | company contributions lie at the maximum
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| vacations, bonuses, incentive pay,
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| | of $1,000. Hence funding such saving
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| insurance, etc While all of them are
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| | programs would be a good benefit for the
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| valid reasons there are many ways in
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| | employee. Also identifying a tax-saving
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| which employees can be given benefits
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| | scheme would help the employer also.
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| that do not drill too deep a hole into
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| | ESOP, Employee Stock Ownership Program
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| the employers pocket.
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| | permits the employees to buy stocks in
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| Medical Spending Accounts: MSAs offer
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| | the firm. Stocks can also be offered as
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| benefits and cost-control advantages like
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| | incentives and bonuses. ESOP has a
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| no other policy. Self-employed people can
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| | tax-deferred status that is valid until
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| use this as also a small group of 50
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| | the retirement of the employee. Similarly
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| people. There are two parts to the MSA,
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| | Pension Plans can be devised where an
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| one is the high-deductible
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| | employee can either have a fixed income
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| health-insurance plan (HDHP) and the
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| | upon retirement or contribute to the
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| other is the insurance policy. HDHP
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| | pension fund.
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| offers deductibles in the range $1,500 -
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| | Offering assistance to the employees who
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| $2,250 for single people and $3,000 -
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| | have relocated to work with the firm can
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| $4,500 for families. Medical insurance is
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| | be a good way to build good-will that
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| claimed using an MSA in a manner similar
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| | will go a long way. Business travelers
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| to any other insurance policy.
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| | can be offered perks like being able to
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| CDH, or Consumer-driven Healthcare plans
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| | take their families on a tour once a
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| are a good option for those employers who
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| | year. Life-style benefits like grocery
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| want to involve their employees in
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| | coupons, dry-clean services, health
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| framing insurance policies for the firm.
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| | insurance for pets, etc give a sense of
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| There are options like HSA, Healthcare
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| | belonging to the employee. Having a
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| Savings Account and HRA, Healthcare
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| | child-care center is a great way to
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| Reimbursement Account, among many others.
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| | provide support to working mothers.
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| 401(k) and Savings Benefits: Many small
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| | Employee Benefits A Consultant can help
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| companies have a 401(k) plan or savings
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| | you!
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| plan in place, but hardly any money is
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