Employee Benefits are one of the strongest tools for increasing the profitability of a small business; however, if the tool is not used wisely it can be a very costly and unprofitable undertaking.
The Affordable Care Act has complicated the benefit equation for most employers, but there are creative ways of dealing with these changes that don’t have to have a negative impact on profitability.
Doing the same things over and over and expecting different results is not one of these solutions.
Benefit innovation occurs when benefits are used as a motivator to increase productivity, and profitability. A new approach will improve all aspects of a small business and typically the whole will become greater than the sum of the parts. It takes our experience and an open minded employer to attain this result.