The Shelby Report: Lower Costs with Annual Benefits Plan Review
Last Updated on October 9, 2020 by G. T. HR
Editor’s note: HR & Benefits News is a new monthly column by Chris Cooley, co-founder of MyHRConcierge and SMB Benefits Advisors.
Benefits costs are the second-highest expense behind labor costs. This puts benefits costs ahead of other expenses including rent, utilities and advertising, according to the 2017 Independent Grocers Financial Survey. But many grocers overlook the significant impact benefits can have on their labor costs and overall cost structure.