Small Business Benefits – Are you competitive?

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