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Why small businesses are banking on better benefits

from CNBC

From a 401(k) plan to pet insurance for Fido, in today's tight labor market, workers expect far more than just health insurance from their employers. For small businesses, that's been a problem. There are more small companies and startups than ever before yet, because of their size, these firms have traditionally been at a disadvantage when it comes to benefit packages. For starters, it's costly, and managing benefits is exceptionally hard on small-business owners, who often wear many hats, according to John Scott, retirement savings director at Pew Charitable Trusts. "It's a bandwidth issue," he said. more


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