By Pat Soldano

Column No. 9

Saying It Out Loud, By Pat Soldano. March 2023.

For Happier Workers, Businesses Need to Take a Chapter Out of Family Business Employee Handbook


By Pat Soldano

The findings are clear: family businesses treat their employees better, pay them better, and keep them longer.

In our latest research report, The Family Business Annual Survey 2023, the numbers don’t lie when it comes to family businesses keeping their employee workforce healthy, and happy.

Our just released study found that 91% of family businesses kept or added jobs over the last year. This is quite an accomplishment in a COVID/Post-COVID work environment.

But the study, among 571 nationwide family businesses, also found 46% pay above average wages. And, to make themselves even more valuable, 82% of family businesses invested through donations in local charities, or national chapters of local charities.

With this kind of positive employee care, it’s no wonder they tend to stick around. In fact, our research shows 72% of family businesses have... (continue reading)
Pat-Soldano-bod
Pat Soldano is president of Family Enterprise USA and Policy and Taxation Group. Both organizations are fighting for families and family businesses by reducing or eliminating unnecessary taxes and government regulation.
About Family Enterprise USA
Family Enterprise USA promotes family business and job creation, growth, viability, and sustainability by advocating for family businesses, their lifetime of savings, and the issues they face running their businesses every day. The issues we fight for or against with Congress in Washington DC are high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and with the possible elimination of Step up in Basis. Family Enterprise USA represents and celebrates all sizes, and industries of family businesses and multi-generational employers. Family Enterprise USA is a 501(c)(3) non-profit organization. Family foundations can donate.

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