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How can having an employee benefit plan make my business more profitable?

Having an employee benefits plan can drive profitability by protecting the health of your employees and their families. Time lost for illness or to care for an ill family member can add up. Employee benefits plans can improve employee recruitment and retention. On average, the time for new hires become fully productive ranges from eight weeks for clerical jobs to 20 weeks for professionals to more than 26 weeks for executives. (source: MIT Sloan Management Review)