For many employees, working for a small firm that offers no health insurance or retirement plans is something to think about very carefully. Top talent invariable seek companies that will offer them those extra benefits that make taking the job appealing, and worthwhile. In some states in the United States though, legislation is underway for launching pension programs with no employer contributions for employees. These Individual Retirement Accounts (IRA) can help small business employees plan for their retirement, with no extra burden for the small business owner.
For more about this and other topics follow the l inks below.
4 Bad Business Habits Of Small Business Owners… And What Can Help Them
The 6th annual Small Business Survey conducted by Wakefield Research for Brother International revealed that the majority of small business owners are ready to invest in their businesses – as well as let go of bad habits. Having surveyed 500 small business owners with 100 employees or less, the report identified that 54 percent of small business owners surveyed would prefer to invest in their businesses rather than stockpiling their profits – an 18‐percent swing in preference since 2010.
Additional insight from the survey shed light on how small business owners feel about the economic climate. Based on this 2015 survey, 42 percent of respondents reported a high level of stress because of the economy – a figure that is flat with last year and down 16 percent from a 58‐percent high‐water mark recorded by the survey in 2013. Meanwhile, forty‐one percent of respondents stated they would be interested in investing their money on tech purchases or upgrades only if they increase their revenues by five percent or more this year.
States Developing IRA Plans for Small Business Employees
Roughly half of the U.S. states are working to create government-sponsored automatic individual retirement account (IRA) plans that would enroll workers without access to employer-sponsored retirement plans.
California, Illinois, Oregon and Washington state have taken the lead, passing legislation to launch Secure Choice Pension programs. California and Illinois both aim to begin enrolling workers in 2017.
Employees would contribute through payroll deductions to Secure Choice Pension accounts. The plan’s investments would be professionally managed, but no employer contributions would be required.
There is a regulatory sticking point, though: Will the plans be governed by the Employee Retirement Income Security Act (ERISA), the federal law that sets standards for private-sector pension plans?
Although IRAs are not covered by ERISA, the payroll deduction feature of Secure Choice Pension plans raises the question. Concerns about regulatory burdens for employers – and their possible fiduciary responsibilities under the plans – led states to include clauses in their enabling legislation stating that these pension plans would not proceed if they were deemed to be ERISA plans.
5 Types of Pillar Posts to Write for Your Small Business Blog
I’ve been blogging for over 2 years now (man does time fly) and believe me when I tell you that it has been a journey.
I’ve had my ups and a lot of downs, but one thing’s for sure is that blogging…mixed with social media marketing and content marketing has been instrumental in getting more traffic to my site and visibility for the Small Business Sense brand.
I decided to write this blog post today to one: stress the importance of blogging and content marketing for business purposes and two: to give beginners, give you a reference point for pillar content that you can create for your business blog.
Sure, there are a million ways to skin this cat…(with creating content that is) however, these are 5 types of blog posts that are known to drive traffic to your website and generate a lot of shares on social media.
What is Pillar Content?
Pillar content is essentially blog posts that as Singlegrain.com states “will solidify your blog’s reputation as a go-to source for good content within your industry”.
