When it comes to attracting "the best and the brightest"employees, it is incredibly difficult for small businesses tocompete with larger employers, in at least four ways: wages,benefits, perks, and recruiting programs.
Wages
When it comes to pay scale, most small business owners find italmost impossible to compete with most larger employers. Accordingto a Bureau of Labor Statistics (BLS) report, titled "December 2013Employer Costs for Employee Compensation," private industryemployers spent an average of $29.63 per hour worked for totalemployee compensation ($20.76 in wages and salaries, and $8.87 inbenefits). Small business employers with a large number of minimumwage jobs available certainly can't compete with these numbers.
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