Finding and retaining good employess is a common challenge among business owners, especially in this age of skyrocketing health-care costs. If double-digit increases in your insurance premiums have forced you to drop coverage, you may be left wondering what other perks you can use to attract and keep star workers.
Retirement plans are one option for many owners. Employees enjoy the security of getting help with their saving. This USA Today post points to J.W. Hall Steak and Seafood Inn in Aliquippa, Pa., whose owner Joe Hall, has been offering IRAs since 1988. "I have many long-term employees and it was a way to reward their loyalty, and of course give them even more incentive to stay with us," Hall says.
A recent issue of MyBusiness covered another good retirement alternative for business owners and their employees: the new Roth 401(k) plans.
Posted by Shannon McRae on August 21, 2006 12:55 PM
