Business Owners Need to Reward and Retain Thier Employees

Today's job market is volatile. Un-employment is at the highest levels in 30 + years. If you are run your own business and depend on employees to help run that business, then you know that offering more compensation in this contracted economy may not be an option. Increases in payroll mean increasing in matching federal and state income taxes for each employee.

One viable option for you to consider is to offer your employees additional insurance benefits. This will make them feel appreciated and looked after. (Studies show that the number 1 reason that employees switch jobs, is that they feel under appreciated and not cared for.) In today's growing employee benefit market there are a number of insurance benefits available for employers to offer their employees.

-Critical Illness/Cancer Insurance

-Short and Long Term disability

-Long Term Care Coverage

-Deferred Compensation Plans

-Group Life Insurance

-Medigap Policies to Cover Gaps in Major Medical plans

Depending on the structure of the business, plans may be able to offer tax savings to employers. No matching of federal or state taxes will be necessary and the implied value of these benefits in the mentality of the employee adds morale to the work force. These plans can be paid by employers, shared employee/employer costs, or group opt in plans paid 100% by the employee. For more information on this subject or a free analysis and quote for your business contact us at www.aarowfinancial.com.