Costs of Employee Benefits Rising

Self Made: NASE's Blog

Blog With Us

Welcome to the Self Made. This is a blog focused primarily on the self-employed and micro-business and full of fantastic posts by not only our team of experts but by YOU!  We realize that there are many ways to help the small businesses out there which is why we invite other business minded individuals to post here and help the rest of the community as well.

Costs of Employee Benefits Rising

Apr 02, 2009

Posted by Molly Nelson - According to the recently released 2008 Employee Benefits study by the U.S. Chamber of Commerce, the cost to small businesses of providing employee benefits increased significantly from 2006 to 2007 (the last year for which data is available).

Health insurance costs averaged $4,559 per employee in 2007 from $3,961 in 2006, an increase of 15 percent.  Costs of retirement and savings benefits increased 14 percent from 2006 to 2007, with the average cost per employee rising from $2,356 to $2,694.

Have you had to cut back on these or other benefits for you employees?  Let us know your thoughts in the comments.

Hat tip: Independent Street

Starting a Bridal Gown Business: Key Considerations and Strategies

As a business that combines elegance, romance, and celebration, the bridal gown industry appeals to those who want to pursue their entrepreneurial dreams. But breaking into this cutthroat market demands careful preparation, ingenuity, and a deep grasp of the workings of the industry. This essay examines crucial factors and practical tactics for starting and expanding

Written By Delilah (@delilah-a) - Best Practices | Tips and Tricks

Overcoming Common Challenges Faced by Online Entrepreneurs

Starting a successful online business is like starting a tug-of-war between your time and money. For early-stage entrepreneurs, you constantly have to ask yourself if you should invest your hours into learning new skills, like web design and video editing, or if you’re better off hiring experts. And then there’s the question of how you’ll

Written By Joseph Muscente (@lendingtree123) - Best Practices

How To Start a Reselling Business

Online reselling is a compelling opportunity for entrepreneurs who want to launch a business quickly and with minimal capital. A reseller forms relationships with product manufacturers to sell their goods online. Responsibilities can be broken down in various ways, but fundamentally, the reseller brings in the customer and makes the sale, while the manufacturer provides

Written By Scott (@wesellcellular) - How-To Guides / Tutorials

Utilizing Social Media Advertising to Boost Small Business Visibility

Marketing is the backbone of small business and today’s business landscape requires businesses to have social media presence in order to stay competitive. Prior to social media, businesses often relied on traditional marketing channels like newspapers, billboards etc. Although those worked before, the cost-effectiveness and ROI is small in comparison to social media advertising. In

Written By Delilah (@delilah-a) - Best Practices

Power-Ups for Profit: Integrating Loyalty Programs with Gaming Elements in Small Businesses

In today’s competitive market, small businesses must find innovative ways to attract and retain customers. One emerging trend is the integration of gamification elements into loyalty programs. By incorporating game-like features, businesses can create engaging and rewarding experiences that encourage repeat visits and increased spending. This article explores how small businesses can leverage gamification to

Written By Anthony Lucas (@anthonylucas) - Best Practices

Want More?


See our latest Self Made content by clicking here.  Want to see our archives, click here.

Courtesy of NASE.org
https://www.nase.org/business-help/self-made-nase-blog/self-made/2009/04/03/Costs_of_Employee_Benefits_Rising