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Alumni Experiences Other Articles Fall 2001 Winter 2010
Finding a job may be more of a numbers game than you ever thought.
What do you do when your neighbor or friend is out of work? It can be difficult to bring up the subject because there’s often a great deal of stress and emotion attached to the issue.
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.