3 Reasons Why Cash in Lieu of Benefits is a Bad Idea for Government Contractors
Government contractors providing service work are required by government regulations to either provide fringe benefits in an amount specified in the contract, or pay the designated fringe amounts in cash to their employees. Service contractors who try to utilize a traditional benefit plan and platform for employees to meet specific fringe requirements quickly realize that they have to spend an inordinate amount of time administering the benefits for this segment of their employee population in order to stay compliant with federal regulations. Continue Reading
