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Boost Your Nonprofit's Talent Attraction with Affordable Benefits

ARTICLE | July 24, 2024

Authored by Vasquez + Company


For not-for-profit organizations, attracting top talent can be challenging when competing with for-profit companies offering higher salaries. However, an enhanced benefits package can be a powerful tool in recruiting and retaining employees. The article "Even a Lower Cost Benefits Menu Can Help You Attract Talent" explores various strategies to boost your benefits offerings without breaking the bank.

Key Points:

  • Competitive Advantage: A comprehensive benefits package can be more attractive than higher pay, helping nonprofits stand out.
  • Saving on Traditional Benefits: Adjusting health insurance contributions and offering wellness benefits can reduce costs. 401(k) plans may offer lower fees than traditional 403(b) plans.
  • Alternative Offerings: Dependent care FSAs, parental leave, short-term disability insurance, and education reimbursement programs can appeal to a diverse workforce. Time off incentives are also highly valued.

By thoughtfully enhancing your benefits menu, your nonprofit can better compete for top talent and improve employee satisfaction.

For more information, read the full article here.

 

Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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​Vasquez + Company LLP has over 50 years of experience in performing audit, tax, accounting, and consulting services for all types of nonprofit organizations, governmental entities, and private companies. We are the largest minority-controlled accounting firm in the United States and the only one to have global operations and certified as MBE with the Supplier Clearinghouse for the Utility Supplier Diversity Program of the California Public Utilities Commission.

For more information on how Vasquez can assist you, please email solutions@vasquezcpa.com or call +1.213.873.1700.

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