People On Purpose® Ep. 41 The Truth About Traditional Benefits
Entrepreneurs who are almost ready to hire their first full-time employee often get stopped up by one question.
“If someone works for my business full-time, don’t I have to provide them health insurance and retirement benefits?”
The short answer is: No…but there are caveats (this is an HR podcast afterall!)
On this week’s episode of On The Up & Up, Kira shares some common misconceptions about providing “traditional” benefits. She covers:
📝 Scenarios in which you do and do not have to provide traditional benefits
📝 Alternative approaches to health and retirement benefits for small businesses
📝 The role of technology and automation in benefits administration
📝 Whether you have to provide the same benefits to all employees
📝 The first steps you should take before including these benefits in your overall compensation package
If you're an entrepreneur navigating the world of hiring your first full-time employee, this episode is a must-listen!
Links mentioned:
Dr. Noor Health Care Advisor (https://drnoorhealth.com/)
Employee Cost Calculator (https://settoscale.com/products/employee-cost-calculator)