Employee Benefits Can Save You Money

In this highly competitive market, a few thousand or even a few hundred dollars in your bid can be the difference between winning a large public works construction contract and laying-off employees. That’s why a prevailing wage employee benefits strategy can help your company. Depending upon the state you live in, you might be wasting an additional $0.30 for every $1 dollar of fringe benefit money you pay to the employee as wages. That may not sound like much. BUT, for a large public works project, you might be paying thousands of dollars in taxes – THOUSANDS! – that you don’t need to be spending.

Use the mandatory fringe benefit payment to reduce payroll tax burdens, lowering your job costs. It really is that simple.

Give them meaningful employee benefits that will be there for them when they need them. Prevailing wage employee benefits matter.

Develop more competitive bids, lower your operating expenses or just take better care of your crews.

“From the beginning, with their (CPWIS’) instructions on how to set-up our benefits and select correct Prevailing Wage Determinations, we were able to save money. Their assistance has been invaluable.”

-Kym Burns, Land Mark Electric

It may seem too good to be so, but it’s true. Employee benefits strategies can take all that fringe money off of payroll, saving you money AND give your employees a meaningful benefit. Prevailing Wage employee benefits can help your prevailing wage business grow – let our employee benefits consultants show you how!