Tell your employees how much benefits actually cost you

Employee benefits vary from company to company.  I met with a business owner of a pretty large company in New Jersey who pays 100% of his employees’ benefits!  You don’t see too many companies offering that nowadays.  Yet, he hasn’t told his employees how much those benefits actually cost the company.

It’s so important to inform your employees of how much you contribute to their health costs and other benefits.  They need to see the value of what you provide in addition to their salaries  as part of their total compensation.