The two simplest reasons to start a retirement plan for your business:
1. It has a good possibility to save you money in taxes at the end of the year, and
2. It is good for employee retention and morale.
According to a survey by Glassdoor, employees said health insurance is, by far, the most important benefit they receive from their employer. That’s why employers should offer health insurance as their first company benefit, then add on additional benefits over time.
The top three benefits that make employees the most satisfied, according to Glassdoor’s study, are:
- Health insurance
- Vacation and PTO
- Pension plans, 401(k) & other retirement plans
If Retirement Benefits are a top priority for your employees, it should be a top priority for you. Offering it can help with recruiting and entice them to stay longer at your company.