The pandemic has taught workers what benefits and perks they need to succeed, and they’re feeling more empowered than ever to ask for what they want. But will the bar be set too high for small business owners with tighter budgets?
Seventy-nine percent of small businesses reported feeling comfortable with their cash flow, according to insurance provider Principal Financial’s most recent Financial Wellbeing Index. And for the first time in over a year, over a third of all businesses — both big and small — feel that their financial status has improved compared to this time last year. But despite that positive outlook, small businesses owners are worried that their benefits packages may not be competitive enough to attract and retain talent in a post-pandemic world.
