Optional Benefits

There are many benefits that you can provide for your employees, even though you are not required to do so. As a practical matter, most businesses have to provide employees with time off and leave, and many employers choose to offer health and life insurance and retirement benefits to their employees as well. Here’s a list of optional benefits, including time off benefits you may want to consider:

Holiday leave. Giving time off for holidays, and, if so, which holidays you pick, is strictly up to you.
Vacations. If you choose to offer vacation benefits, you will need to decide how much vacation to provide, and what conditions you will place on taking it.
Sick leave. Paid sick leave benefits are not required by law, but if you choose to offer them, you have several options.
Personal time off. You may choose to provide a limited number of days that can be taken off with or without pay when situations arise in which employees can not reasonably make it to work.
Insurance. You may choose to offer your employees various types of insurance as a benefit, including health insurance, disability insurance, and life insurance.
Retirement Plans. You may decide to offer your employees the option to participate in some sort of retirement plan in which case you will need professional advice and guidance to establish, fund, and administer the plan.