4 potential drawbacks of working for a small business [MSN Money]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: MSN Money
© GETTY IMAGES Some people enjoy working for larger companies, while others feel more at home in small-business environments. 1. Lower salaries Though it's not always the case that smaller businesses pay their employees less than larger ones, things tend to shake out that way. That's because small companies just don't have the resources to compete with the salaries larger ones can offer. So, you could end up losing out financially by taking a job that pays you 10% to 20% less than what you'd find elsewhere. 2. Stingier benefits Because benefits are pricey to administer, it's often the case that the cost per employee drops significantly when you're working on a large-scale basis. In other words, it may not end up costing a 10,000-person business all that much money per worker to provide great health insurance, whereas a similar plan might be cost-prohibitive for a 20-person company. And it's not just healthcare you might lose out on. Smaller businesses are a
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PAYX
News
- Elevate Honored with 2024 HR Tech Award for AI Innovations in Employee Benefits [Yahoo! Finance]Yahoo! Finance
- Paychex Declares a 10% Increase to Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Paychex Declares a 10% Increase to Quarterly Cash DividendBusiness Wire
- Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job Market [Yahoo! Finance]Yahoo! Finance
- Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job MarketBusiness Wire
PAYX
Earnings
- 4/2/24 - Beat
PAYX
Sec Filings
- 4/18/24 - Form 3
- 4/17/24 - Form 4
- 4/16/24 - Form 8-K
- PAYX's page on the SEC website