5 worries small-business owners face

2 minute read

A
LinkedIn article titled “You’re not alone! 5 worries small business owners
face
,” says self-employed people,
entrepreneurs and business owners, as opposed to “people with the ‘regular’ 9-5
jobs…must keep the business doors open, keep employees paid, customers happy,
the electricity on, their business flowing and growing all while trying to find
time to do things like eat.”

In
fact, LinkedIn is so considerate of your time, they placed a note above the
article that reads, “Estimated reading time: 5 minute(s),” letting you know
upfront how long it will be before you can get back to your extensive to-do
list.

No.
4 in their article is “Finding and keeping good employees.” The author offers
training and business culture suggestions, and we have one more: a strong
benefits package.

Find
out what other small businesses are doing about benefits, hiring and
compensation. This short fact sheet titled “Small business trends” includes
findings from the 2015 Aflac WorkForces Report such as:

  • 59 percent of employees at
    small businesses are at least somewhat likely to accept a job with slightly
    lower pay but better benefits.
  • To save money on rising
    health care costs, in 2015, 17 percent of business decision-makers planned to
    increase employees’ insurance copays and 20 percent planned to increase
    employees’ share of premium. Twelve percent planned to lay off staff and 18
    percent planned to eliminate or delay raises.
  • 61 percent of employees at
    small businesses reported having less than $1,000 to pay for unexpected out-of-pocket
    medical expenses; 33 percent of employees have less than $500.
  • 14 percent
    of employees have been contacted by a collection agency about outstanding
    medical bills.

The 2015 Aflac WorkForces Report is the fifth
annual Aflac employee benefits study. The study, conducted in February 2015 by
Research Now, captured responses from 1,977
benefits decision-makers and 5,337
employees from across the United States. To learn more about the
Aflac WorkForces Report, visit AflacWorkForcesReport.com.