Thursday, December 8th, 2022

Upgrade Your Employee Benefits

“Leadership requires the courage to make decisions that will benefit the next generation.” – Alan Autry

CPA firms are trying many things to win the war for talent. So many firms have definitely increased current salaries, increased the salary offer to new graduates, and given stay bonuses to valued team members.

Money talks, but it does take more than salary dollars to win and keep good people.

One issue that I have noticed recently is that CPA firms do pay 100% of the health insurance premium for their employee. Health insurance is available for the employee’s family, but they must pay a significant part of that premium. Also, many firms do not offer dental or vision.

Maybe insurance is something you should review as you begin a new year. Is there more you can do in this area? Perhaps your main competitors are not offering dental/vision. Being generous with your insurance benefits might make you unique in your marketplace and help you attract and keep talented people.

What about the rest of your employee benefits package? Is there more you can do to make the entire benefits package more impressive?

  • "He who lives only to benefit himself confers on the world a benefit when he dies."
  • Tertullian

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