Total Team Solutions Blog

Small Business is Thriving

By: Rob Lynn

 

Despite the trade war, rising interest rates, state government fiscal dysfunction (CT for one), the future for small business is looking very good.   The National Federation of Independent Small Business study from this September states that small business optimism is at a record high and combined with an increase in job satisfaction according to The Conference Board, there is opportunity for business owners to grow.  One area of serious concern for small business owners is finding good people to add to their team.   

 

One way for small business owners to attract potential employees is by making their company more attractive to the marketplace.  Small business owners very often struggle to offer the same quality & quanity of benefits that larger employers do, which makes competing for top talend and retaining high-performing employees much more challenging.  One solution for small business owners to overcome this issue is by exploring outsourcing to a Professional Employer Organization (PEO), like Total Team Solutions.  

 

With small group offerings becoming more limited, business owners do not have as many options to explore to improve their health care options while bringing down costs.  This is where a PEO partnership can prove its value.  Offering higher-quality benefits to employees is a great way to improve happiness, engagement and ultimately retention.  Utilizing a PEO is also a great resource to attract and recruit top talent to the small business.

 

For additional information, please contact Rob Lynn via email rlynn@ttspro.com or call 800-836-9678 ext. 6

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