The Doubt Of The Benefit
How quality, competitive benefits packages can attract & retain valuable employees
Pain points—every industry has them. And, at times, it might feel like contractors have more than their fair share.
Contractors who work on prevailing wage jobs undoubtedly see the complex regulations that apply to these projects as a burden they learn to live with in order to benefit from the opportunities presented by government-funded jobs. For example, there’s the sometimes confusing question of how to handle the fringe cost on government jobs.
Today, your employees may want the fringe amount paid in cash. However, is that a decision you both will regret later on? Could you win more jobs for them to work on by putting the fringe amount of the wage determination toward benefits, which lowers your job costs and makes your bids more competitive?
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