What benefits do you offer your employees? What do you want to offer?

[girlygirl18]

TL;DR what benefits do you offer and how do they compare to other business?

Hey all,

As the title states, I am curious what benefits people are offering their employees? I regularly try and check what other companies are offering as I want to make sure we’re competitive.

I know what benefits are offered always depend on the industry, company size, financials, etc. But I thought it could be helpful people seeing what others offer for planning and staying competitive in that space. Here is our basic info.

Company Profile -

Business entity: S-Corp

Main line(s) of business/industry: Live Event A/V, A/V design and installation, Event Planning, Video Production

Number of Employees: 11

Employee demographics: Gen-x (2), millennial (6), Gen-z (3)

Age of Business: 9.5 years

Areas serviced: Midwest

Work location: hybrid office/wfh

Estimated Annual gross Revenue: $1.4m

Benefits offered -

Health Medical Insurance: 70/30 split employer/employee

Dental Insurance: 100% company paid

Vision: 100% company paid

Vacation: Minimum 15 days - use it or lose it no rollover, resets each year

Paid Holidays: 10

Sick days: 5

Professional development funds: $600 annually (can be more depending on purpose - case by case basis)
Retirement: 401(k) company match up to 3.5%

Family leave (paternity, maternity, adoption): Paid leave up to 5 weeks, following first 5 weeks unpaid leave up to 4 months

Benefits not offered but considering in future -

Disability insurance

Life insurance

Pet insurance

Employee Child Care Stipend

Profit Sharing

So small business friends of Reddit, what types of benefits do you guys offer/want to offer?

 

[shirin]

@girlygirl18 Life and Disability insurance is insanely easy to set up and is tax deductible if it is employer paid.

 

[shirin]

@girlygirl18 I can set up the life and disability insurance for your business - shoot me a pm.