Posts about Benefits Package

Great employees are hard to find. When you’ve got them on board and working in your company, the last thing you want to do is lose them. Employee turnover can be extremely expensive: some studies say that replacing an employee can cost up to 6-9 months’ salary on average.  What can you do to retain your best employees and create a win/win situation for them and your company? Here are five strategies to keep great employees happily working for you:

Your current 401(k) plan may be the result of simply taking the path of least resistance.

Perhaps the plan sponsors wanted to simplify the process and costs, and chose a plan based on convenience. Taking shortcuts might have seemed easier at the time, but it usually means you’ll need to switch 401(k) providers later to find the plan that actually works for your company.