Employers both ought to and would be wise to offer robust benefits and regular, performance-derived raises to their employees, of course. However, word is that many small business owners have had to cut back in recent months, and there's certainly logic to this, too: you're not doing your employees much good by losing too much money and forcing yourself into bankruptcy.
Entrepreneur.com has some nice thoughts on how you can extend benefits to your employees with a little less money. Lots of times, simply doing the right paperwork can give your workers a lot of extra and richly deserved pre-tax dollars, for example. None of which is a substitute for a full roster of benefits. But it might be alright for to tide you and them over through these down months.
American Express OPEN brings you the latest insights from noted business authors and experts in our special promotion with Slate BizBox.