Stagger your employee benefits

[Joe Marconi]

Years back I would always prorate a new employee and make Jan 1 a new year for each employee with regard to benefits. That meant that when vacations got renewed, along with sick days, raises, etc., every benefit for all employees came due at the same time. For the past few years we have gone to policy of anniversary hire dates. It's more work to keep track, but it staggers the vacation time, sick time and other benefits you may offer.

 

What other policies are shop owners using?

[Jmazur]

We stagger our benefits also, so as not to cause a huge expense if everyone gets paid vacation in the same month. I set the anniversary dates in my calendar so that i can automatically be reminded when the anniversaries occur. It also staggers out the employee reviews.