When it comes to attracting "the best and the brightest" employees, it is incredibly difficult for small businesses to compete 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 it almost impossible to compete with most larger employers. According to a Bureau of Labor Statistics (BLS) report, titled "December 2013 Employer Costs for Employee Compensation," private industry employers spent an average of $29.63 per hour worked for total employee compensation ($20.76 in wages and salaries, and $8.87 in benefits). Small business employers with a large number of minimum wage jobs available certainly can't compete with these numbers.
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