Can You Afford Small Business Health Care?
A Home Business Article Contributed by G. Uma Bennett
Tax Advantages for Investing in Small Business Health Care
Small business health care can be an expensive investment, but the benefits need to be reviewed as well. There are many incentives from the government for operating a company, it makes sense to evaluate if the tax deductions offered extend to the cost of small business health care. If you employ under 50 people, in many cases, you might enjoy up to 100% tax deductions for your employer contributions to the insurance plan and your employees will save on their payroll taxes as well.
Attract Better Employees with Small Business Health Care
One of the best ways to attract quality applicants for your company is to offer a comprehensive small business health care plan. While large corporations are down-sizing their benefits to their staffs to increase profits, small businesses have the opportunity to take advantage of the tax breaks offered for adding this benefit. Prospective employees look at the benefits offered by companies as part of their compensation package and appreciate the investment made. When a company offers good employee benefits, it increases the level of employee loyalty and retention.
Encourage Best Small Business Health Care Practices
Take a comprehensive look at your company environment in terms of best small business health care practices for ways to keep yourself and your employees productive. With the cost of medical coverage taking a high level of company income, it makes sense to do as much as you can to prevent work related medical claims from being filed. Common sources of health problems include workspace arrangements, poor lighting and faulty equipment.
Have an ergonomic specialist take a tour through your office to see if there are improvements that can be made to eliminate trouble spots. Make sure your industrial equipment is up to code and post safety warnings in prominent view.
Hidden Profits from Small Business Health Care
Productivity from your employees is the number one factor in your company success. Investing in small business health care provides you with hidden profits because when your employees feel well, they are at work more days and perform their tasks better. Having an established system for small business health care can give you the advantage of being able to identify the source of the potential problems before they become serious.
Bring Your Small Business Health Care to Life
There are several simple ways you can bring your small business health care into real-time for your employees. Post simple workspace exercise tips for workers who have jobs that require them to sit for long periods of time. If your premises are large enough you can even setup a space for exercise breaks like yoga or equipment like treadmills or bicycles. Some health clubs have special programs to encourage employees to exercise with membership discounts.
Fill your vending machine or snack bar with fruits, salads and whole grain treats to promote a healthy diet. The combination of good food and exercise will pay dividends to your employees and your company.
