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For Happier Workers, Businesses Need to Take a Chapter Out of Family Business Employee Handbook
The findings are clear: family businesses treat their employees better, pay them better, and keep them longer.
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Our just released study found that 91% of family businesses kept or added jobs over the last year. This is quite an accomplishment in a COVID/Post-COVID work environment.
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But the study, among 571 nationwide family businesses, also found 46% pay above average wages. And, to make themselves even more valuable, 82% of family businesses invested through donations in local charities, or national chapters of local charities.
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With this kind of positive employee care, it’s no wonder they tend to stick around. In fact, our research shows 72% of family businesses have... (continue reading)
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Pat Soldano is president of Family Enterprise USA and Policy and Taxation Group. Both organizations are fighting for families and family businesses by reducing or eliminating unnecessary taxes and government regulation.
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About Policy and Taxation Group
Policy and Taxation Group is the leading information, education and advocacy organization working for the reduction and ultimate elimination of estate, gift, and generation skipping transfer taxes, and other taxes that punish hard work and success. Our Mission is to challenge hostile tax policies that meaningfully and measurably impact families and limit the ability of family businesses to remain family owned. We work with Congress in Washington DC against high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and the possible elimination of Step up in Basis.
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