Michaels is a craft store located in Edgewater, New Jersey, offering a wide range of crafting supplies, party services, and educational classes. The store caters to individual crafters, hobbyists, and event planners, making it a local hub for creative activities. With an estimated 10-20 employees, Michaels has the potential to save approximately $11,900 to $23,800 annually through the EBP, given the tax credit optimization. The decision-maker for benefits is likely the Store Manager or Owner. The significant cost savings, combined with the potential to improve employee retention and offer a competitive benefits package, makes EBP a compelling option. Michaels' focus on customer service and creative offerings makes cost savings particularly relevant, as it can reinvest in inventory and services to better serve its target market.
BizScore Rating: B (70/100)
See how much Michaels could save with the Employee Benefit Program