Showdown 3: Benefits
This is part three of a series exploring factors in self-employment and traditional employment. For more about this series, read the opening article.
What kind of non-financial compensation you receive
As we’ve discussed before, startup mode usually means low budget. An excellent 401k package may be in your future, but most small businesses simply can’t offer the kind of competitive packages that larger companies can. It isn’t impossible, but it’s something where financially stable companies have an advantage. More recently, co-op plans and HSAs have opened the door for small companies to provide some of these benefits.