How might the inability to provide fringe benefits affect a sole proprietors ability to run a business

The inability of sole proprietors to provide fringe benefits to their employees can affect the service rendered to customers. Without fringe benefits, the employer will not be able to attract quality applicants for his business. He may have to settle for less qualified staff who may not be able to provide clients with excellent service.

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mahak08 mahak08 · Answer 2 · 2021-10-25T14:47:14+02:00

Fringe benefits affect a sole proprietors ability to run a business as It makes it harder for the business owner to find qualified staff. He may have to settle for less competent employees who are unable to deliver outstanding service to clients.

Any nonwage payment or benefit is given to employees by their employers (e.g., pension schemes, profit-sharing programmes, vacation pay, and company-paid life, health, and unemployment insurance programmes). It can be mandated by

legislation,

granted unilaterally by employers, or

negotiated collectively.

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