We are in our 5th year of business and starting to bat around the idea of employee benefits, pay and retention. Does anyone out there offer health insurance and or spending accounts, vacation or sick pay? We have found that although high turnaround seems to come with the industry we want to encourage some and rewards employees who stick around. Here in NY min. wage is 7.15 an hour and to be quite honest that really isn't enough to live on in Westchester NY. Maybe one of you have some ideas, suggestions or comments on the subject?
employee benefits
We looked into health insurance (way too expensive) and tried providing sick days (if we gave the employees 10 a year, they took all ten). Our solution was to offer vacation time (only to the few full time employees) and to implement a profit sharing plan. In the profit sharing plan, everyone is eligible and the bonuses are based on the number of hours worked in that given year.