In the skilled trades industry, finding highly qualified workers with the unique set of skills your business requires is difficult. Employee retention becomes a top priority if you want to consistently deliver great service. Complex regulations regarding worker classification can also lead to greater employment liability.
Employers in the skilled trades industry typically need to offer richer benefits plans than in other industries. These plans often come with higher premiums that drive up compensation costs. Smaller companies don’t have the buying power to qualify for the same premium rates larger businesses get.
Unique challengesSkilled trades is a highly specialized industry, and problems with human resources and compliance are often unique to each business owner. Qualified HR professionals should handle these issues, but few have the industry insight to understand their complexities.
Liability costsEnsuring workers are hired with the proper paperwork and correct classification is only getting harder with frequent regulatory changes and increased demands. Employers face more potential for liability exposure than ever.
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