Row Partners | Lunch With Row — Episode 8A
Episode 8A, titled “World-Class Benefits Promote Growth,” addresses the question, “What could you do with the money saved on your healthcare benefits?” If you run a business and aren’t saving money on your health benefits, you need to watch this episode.
Transcript
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0:15 Next to employee wages, I think the next
0:18 most expensive line item on a company’s
0:21 budget is employee benefits. Right? With
0:23 Row, being able to tackle those costs to
0:27 reduce the benefit costs has a huge
0:30 impact on a company’s bottom line so
0:32 they can do what they want to do and
0:34 grow.
0:38 I had a client of mine we brought to
0:39 Rogue Partners. They saved so much money
0:41 on their health insurance that they were
0:43 able to hire a few more people off of
0:44 that. It’s it’s amazing
0:49 when a business owner has the
0:51 flexibility to reallocate funds that
0:53 they would have used on benefits to
0:56 other areas to impact their business
0:58 like marketing or hiring. Even if they
1:01 want to take those monies and make
1:04 another benefit, better yet still a
1:06 greater contribution onto a 401k which
1:08 helps them recruit greater talent.
1:10 There’s a direct correlation between how
1:13 good a company’s benefits are to not
1:15 only their stability, but to their
1:17 growth.