18031_BUILDWITT-142

  • Insights

Offering healthcare to our employees isn’t a choice, it’s a principle

When my partners and I bought Bellwether, its employees did not have health care coverage. This wasn’t unusual in the industry then and its not unusual now.

It is a fact of life that in a cut-throat, cost driven market if you offer benefits while your competition doesn’t, you’re at a cost disadvantage, at least on paper. In our case health benefits run us roughly $150,000 each year (~$0.30/ton for the timber crowd). We’ve lost plenty of bids by slimmer margins than that.

But for us it wasn’t a choice. It is a principle of how we operate. And quite frankly, if we can’t successfully run a company AND pay health benefits, we don’t need to be running a company. So we rolled out health benefits (and retirement).

That year I went person-to-person and signed up people on the hood of their pickups. And for that effort we had only 25% of employees sign-up. I was shocked by how little it was valued.

But our team kept emphasizing its importance in hiring and with experienced people. The next year we got to 65%. And now in 2020 and we are at 90%.

Lots about running a small business is hard and tedious. Many victories are unsung. But I have enough to lose sleep over and I’m very happy access, quality and cost of health care for our team during this virus is not one of them.

-Post originally made by Matt Moldenhauer on LinkedIn April 2020

Like what you see?

Sign up for our mailing list and get more articles like this delivered straight to your inbox.

Newsletter Sign Up (Horizontal)

Categories

Follow Us

Stay Informed

Sign up for our mailing list and get our newsletter delivered straight to your inbox.

Newsletter Sign Up (Vertical)

More Posts

Make yourself replaceable

Why we promote from within

Logging has a long history of small family businesses in the Southeast. It is a celebrated history, and rightfully so. But the tough thing about…

Continue Reading

Offering healthcare to our employees isn’t a choice, it’s a principle

When my partners and I bought Bellwether, its employees did not have health care coverage. This wasn’t unusual in the industry then and its not…

Continue Reading

Without a dash camera, what would people have thought happened?

On a sunny summer day in 2019 we had two Bellwether log trucks driving down Highway 601 McCords Ferry Road in opposite directions. One was…

Continue Reading