Small business banking dictates that large salaries and perks are not possible. However, there are some things that can be done. There are schemes that are currently running where small business managers can offer their staff the chance of private healthcare plans. These are discounted to the company and also have the added advantage of reducing time employees take off work sick. This is a bonus to small business banking as no money is lost through sick employees or having to find temporary staff and pay their wages too.

While some may think this wouldn’t be enough to keep staff it has been found that eighty per cent of employees actually liked the idea of voluntary healthcare benefits. ‘Voluntary’ is always a good word to use for staff benefits as it is also widely known that employees feel happier about their jobs when they are in charge of decisions that affect themselves. In fact, a quarter of those employees polled stated the choice of healthcare benefits as a deciding factor when choosing an employer.

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