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Assume you are an HR consultant to a small business with about 40 employees. Visit the web site http://www.dol.gov/elaws and answer the following questions:
Provide a summary of the web site detailing the types of information available to small business owners.
At the present time, the firm offers only five days of vacation, five paid holidays, and legally mandated benefits such as unemployment insurance payments. The owner is considering offering other benefits to increase employee retention. One of the benefits being considered is some type of retirement plan. According to this web site, what type of retirement savings programs are available to small business employers? Which retirement savings program would you recommend and why?
In addition to a retirement savings plan, what other benefits would you recommend and why?
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