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20/20: Small business best benefits practices

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in Centerpiece,Compensation and Benefits,Employee Benefits Program,Human Resources

Only big companies can offer generous benefits, right? Wrong!

The Society for Human Resource Management and the Families and Work Institute have uncovered dozens of examples of small organizations—those with staffs of 20 or fewer—that think big when it comes to employee benefits.

The two groups are collaborating to gather best practices in a project called “When Work Works.” (Learn more at www.movingworkforward.org.)

See how many of these ideas might be right for your small business.

Paying for performance

1. DMC Athletics and Rehabilitation

12 employees, physical therapy service, Cedar Knolls, N.J.

Big idea: Compensation tied directly to the bottom line. Bonuses are based exclusively on gross income. The better the business, the bigger the bonuses. It works, thanks to open-books management, where employees have full access to monthly financials.

Responding to recession

2. CrossComm

17 employees, Web design and development...(register to read more)

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