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Small Business Benefits – Are you competitive?

8/16/2019

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With 2020 Annual Enrollment around the corner, below are the most frequently offered benefits for businesses with fewer than 50 employees; 
  • Over 65% of companies offer paid time off for Holidays and Vacation 
  • More than 55% of companies offer paid time off for Sick Leave
  • 51% offer a Medical plan for employees
  • Life Insurance is offered by 35% of the companies
  • Short Term Disability benefits are offered by 25% and Long-Term Disability benefits are offered by 21%.
More detailed survey data can be found at https://www.bls.gov/opub/ted/2018/the-benefits-of-working-for-a-small-business.htm
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