Implementing benefits for your team
I've been going back and forth with a client lately in Slack about the current language in her HR handbook around waiting periods.
Should we do 60 days for some benefits and 90 for others?
Or, should we have the same waiting period for everything?
This comes up a lot.
You hire someone and almost immediately feel like you need to roll everything out.
PTO.
Health benefits.
Retirement.
Reimbursements.
All of it.
Like once they’re hired, they should have access to everything.
But here’s the thing.
You’re not a benefits-on-demand shop.
You’re a business with a budget.
Waiting periods aren’t just a nice-to-have.
They’re pacing tools.
They give you time to:
See how someone actually shows up
Make sure they actually stick around
Verify they are a good fit for the practice
Let cash flow catch up to the hire
When everything is available on day one, you’re front-loading cost before you’ve confirmed fit, consistency, or capacity.
And most people don’t realize how expensive that is until payroll starts feeling heavy. The person leaves early. You're unhappy with their performance. And then, you're back having to go through the hiring process all over again.
Pacing benefits IS part of financial leadership.
Not stinginess.
Not a lack of care.
Just structure.