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Alumni Experiences Other Articles Fall 2001 Winter 2016
Whether you’re in the water, up a trail, or on the snow, Utah is heaven for the outdoorsy. With 82 percent of residents and nearly 15 million tourists heading outdoors each year, it’s no surprise that the industry contributes billions to the state’s economy.
Your valentine shouldn’t get all the attention this February. Amid the red roses, chocolates, and overstuffed teddy bears, take time to show your ticker some love too.
I own two small companies. It’s hard to pay myself benefits, let alone all my employees. The first thing to look at is making sure they are paid a competitive wage, then add vacation/holidays and keep within reason. Next, they might need health insurance, but if the spouse is working elsewhere and is covered, we can sometimes eliminate it. Finally, you might look at adding tax deferred savings plans and insurance. Since both my companies are retail, we offer very steep discounts to employees. It has been my experience that most people working for small companies do not expect superb benefits. Also, in order to keep costs down, you must do a lot of shopping.