What Expense category do you tie your health insurance reimbursement back to? I assume no taxes are deducted from that ?
Sent from my Verizon 4G LTE Smartphone ----- Reply message ----- From: "Craig Schmaderer" <[email protected]> To: "[email protected]" <[email protected]> Subject: [AFMUG] Employee Retention - Benefits, Insurance, etc. Date: Sun, May 14, 2017 8:51 PM For health insurance we currently provide a $200 a month reimbursement for thier own plan. I hope to someday provide 100% complete premium coverage for even family plans. (I think this might be a huge way to get top notch employees) We do a simple 401k match plan up to 3% All employees get free internet and home phone of course if they live in the coverage area. Ones that give us a few years get free cell phones for them and their wife. I lost count how many paid holidays I do. I think its like 9. Depending on previous job after a year they get 2 weeks paid vacation and it grows year after year. Hope that helps. From: Af <[email protected]> on behalf of Paul McCall <[email protected]> Sent: Thursday, May 11, 2017 8:19:00 AM To: [email protected] Subject: [AFMUG] Employee Retention - Benefits, Insurance, etc. OK, Our WISP, Florida Broadband, has reached the point where we need to start addressing employee needs for the long term. I have some good “guys” and don’t want to lose them because of not taking good care of them. Most of them are relatively young and health insurance hasn’t been needed, but its still nice to have if I can find any way to afford it. Plus there are many other considerations rattling around in my cranial vault. So, my points of concern are: Health Insurance – what creative options can be used?, what % of coverage is employee contributed?, what levels of coverage are typically offered? 401Ks – same type questions, is at a % contribution that the company would match?, other create elements ? Life Insurance – I understand some tower companies (we are not one) – purchase a small life insurance policy for the employer as a benefit (one employee who climbs occasionally) used to work for a tower company that had a $ 50K policy for each person Other benefits or perks – I feel this can be a big one – interested to see what creative things can be done in this area. Thanks in advance for sharing what you have found successful Paul Paul McCall, President PDMNet, Inc. / Florida Broadband, Inc. 658 Old Dixie Highway Vero Beach, FL 32962 772-564-6800 [email protected] www.pdmnet.com www.floridabroadband.com
