WASHINGTON, D.C., April 18, 2019 – More than half of small businesses (56%) plan to offer new benefits to their employees in 2019, according to research from Clutch, the leading B2B research, ratings, and reviews firm. Clutch surveyed 529 small business owners or managers to learn about their 2019 employee benefits plans.
Small businesses offering new benefits are most likely to offer paid time off (19%), health benefits (15%), and retirement benefits (11%).
Offering new benefits can reduce employee turnover. These benefits are often less expensive over time than the cost of recruiting and training new employees.
“You’ve already invested the time, energy, and money to train [your employees],” said Bethany Holliday, director of human resources for Cornerstone Insurance Group & Employer Solutions, an employee benefits and business insurance firm. “It costs a whole lot less to keep people happy than it does to try and find new people.”