The Truth About Traditional Benefits
Entrepreneurs who are almost ready to hire their first full-time employee often get stopped up by one question.“If someone works for my business full-time, don’t I have to provide them health insurance and retirement benefits?”The short answer is: No…but there are caveats (this is an HR podcast afterall!)On this week’s episode of On The Up & Up, Kira shares some common misconceptions about providing “traditional” benefits. She covers:ЁЯУЭ Scenarios in which you do and do not have to provide traditional benefitsЁЯУЭ Alternative approaches to health and retirement benefits for small businessesЁЯУЭ The role of technology and automation in benefits administrationЁЯУЭ Whether you have to provide the same benefits to all employeesЁЯУЭ The first steps you should take before including these benefits in your overall compensation packageIf you're an entrepreneur navigating the world of hiring your first full-time employee, this episode is a must-listen!Links mentioned:Dr. Noor Health Care Advisor (https://drnoorhealth.com/) Employee Cost Calculator (https://settoscale.com/product....s/employee-cost-calc