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What to look for, Implementing a benefits program for your employees

1. Search for the best company to help you. Look at several different plans before choosing one, and look at performance records. Check out the history of a plan, and look at projections for the future. Most of all, be sure to look for a representative and a company that you can trust and can call with questions anytime.

2. Look for flexibility. A company chooses employee retirement plan to allow flexibility on the percentage of its matching contributions any two years out of five.

3. Be conservative. Take it slowly and be sure your business can support this endeavor before you begin. Just as a layoff will decrease employee morale, so will a reduction in the benefits offered.

4. Find out what others in your industry have done. It might be a time consuming thing, but if you don't do it, you just don't ever feel quite comfortable. And the benefits really outweigh the time you put into, because the costs of hiring and training employees are so high. If you are losing employees because you don't have a benefits package, you will save the cost of your investigation probably in the first year of providing benefits.

5. Consider the size of your company and plan accordingly. While no one can predict the future, you should look for a plan that you believe will work for you at least the next five years. The number of employees you have will pay a major role in establishing your needs.

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