Why you can’t fire your employees!
The New York Times reported on Friday, March 9th that the government jobs report showed that 313,00 jobs were added in February, the most since July 2016. The jobless rate at 4.1% is the lowest in 17 years. New job gains were made across low, medium and high wage industries. With the fundamental strength of the economy, there are no signs of a slowdown.
Employees have job options that they didn’t have before. This can make retention of employees for small to mid-size companies difficult. Employees may be attracted by larger firms with generous group benefits. Studies have consistently shown that benefits including group health insurance and 401(k) plans are more important than even salary in attracting and retaining employees.
Fortunately, small and mid-size employers can now afford Fortune 500 level benefits through the services of a Professional Employer Organization (PEO). At BRG Advisory Group, we work with over 60 of the top HR outsourcing firms to develop customized cost-effective programs that employees love and employers can afford.
Give us a call to learn more about how we can help your business retain employees while lowering costs.