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Benefits for your team can be a great way to reduce your payroll costs while offering more to your deserving team! Not all benefits are created equal!  CALCULATING BENEFIT COST ensures that the benefits you choose to offer are sustainable.  While a wage and benefit matrix provides transparency and expectations for your team, sometimes the BENEFIT MATRIX & INDIVIDUAL NEEDS of a valued team member may not align.  In this training module we'll discuss optional benefits and wages when needs and benefits do not always align. Regardless which benefits you choose to offer, it is important that your team members be aware of what they are actually earning by way of those benefits. CONVERTING A LOADED WAGE INTO HOURLY is a method for adding the cost of the benefit to the team member's wage divided by the number of hours worked.  In the childcare industry the hours worked can vary, so we'll show you methods for calculating this and sharing with your team members. Many benefits require that you have proof of having offered them fairly to all who qualify.  This often means taking the time for your team to complete     BENEFIT APPLICATIONS & EMPLOYEE CONVERSATIONS ensuring they understand what their options are. 

BENEFITS

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