Your employees are a key part of keeping your small business going—so are employee benefits. Although it can be difficult for smaller employers to compete with large organizations when it comes to recruiting and retaining employees, offering the right employee benefits can level the playing field.

There is a wide spectrum of employee benefits that small and medium-sized businesses can tailor to their specific market, industry, and employee population. In addition, many states also offer state-sponsored retirement plans and other benefits to employees of small businesses. This means it's imperative that business owners stay up to date on regulations around those plans, as well as labor and employment laws.