401k & Bonus Structure
How to Build 401k Plans & Bonus Structures for Your Team
Rewards and incentives are a great way to keep employees motivated. But the positives don’t end there. Fringe benefits will attract the most talented employees. A smart candidate will be entertaining multiple job offers. The benefits at your office, including 401k plans and bonus structures, could set you apart from the average dental practice.
Make sure that your job offer is the most attractive one out there.
3 benefits of fringe benefits for your dental practice
Attract Top Talent
401k plans are the new standard in established or newer businesses, including dental practices. Make sure that your offer is the best one that top candidates entertain, and you’ll always have the best on your team.
The best way to motivate people is to show them that you value all their hard work. With bonus structures, you can do just that. Show your team you appreciate their efforts and they’ll be dedicated to your practice.
Do Better With Budgeting
Still on the fence about bonuses? Tooth & Coin can look at your revenue and help you decide what’s achievable for your team. By creating a budget, you’ll have the confidence and flexibility to reward your team for all their hard work.
Tooth & Coin can help you set up 401k plans and bonus structures
Payroll Training & Support
Processing Payroll & 401k
Small businesses are like families. These are the people whose collective efforts are making your dreams a reality. So while they take care of you, make sure you take care of them. 401k plans for your employees are a great way to show that you prioritize your team’s livelihood and financial security. Help them thrive by calling Tooth & Coin to set up 401k plans for your staff.
When employees are fairly compensated, they feel inspired to do their best work. Yearly bonuses improve productivity and efficiency throughout the office as employees are motivated to hit their goals. And by building your bonus structure into your budget, you can plan ahead and save yourself any surprises at the end of the year. The team at Tooth & Coin can help you design an incentive plan that keeps your staff motivated and your margins high.