Mission: Globalisation, deregulation, climate change, diminishing human resources and demographic change – these are some of the challenges facing us in the future. We see them as an opportunity, as the world gets smaller and becomes more complex and more networked. As an ...
I have been working at Deutsche Bahn full-time (More than a year)
4 days on 3 off
nothing. great place to work
Advice to Management
I applied through an employee referral. The process took 4 weeks. I interviewed at Deutsche Bahn (Colo, KY) in February 2013.
Employers are not required by law to offer benefits such as health insurance coverage, pension plans, and paid vacations. These types of benefits can be quite costly for small businesses, at least at first glance, so why do employers offer them? Since payroll is already the largest line item on most employers' balance sheets, and recruiting new employees costs time and money, you want to make sure you're able to attract and retain the best talent possible. This is particularly relevant in competitive fields where workers have multiple options. Employers who can afford to offer benefits usually have a wider selection of candidates from which to choose.
But small businesses must manage expenses and cash flow wisely, so business owners must approach these considerations cautiously and prudently. After all, great benefits only go so far if the company spends more money on them than it takes in. Also, employers who offer benefits also are bound by certain laws and regulations. Regardless of whether there are violations, employers often need to pay advisers and attorneys to help them create benefit plans that comply with the law.
Below are some considerations to weigh when deciding if providing employee benefits will also benefit your business. See FindLaw's Wages and Benefits section for additional articles and resources.
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