How a group benefits plan can help your employees and your business
By Admin 2019/12/02
Recruit and retain the best people, plus other advantages
As a small business owner, you rely on your employees to help build your business. You have a great team behind you, so how do you protect your employees and build employee satisfaction and loyalty?
Offering wellness programs may be one way to retain employees, but over the long term may not be seen as important. Giving your employees a pay increase is another option, but is it the most cost-effective compensation method?
Consider a group benefits plan – an attractive overall compensation package. Health care and dental care benefits within your plan can help your employees bridge the gap between provincial health insurance and the coverage they need.
Group benefits are an investment in your company and employees’ well-being. At any time, employees may be dealing with mental health concerns, serious illnesses, and physical ailments or finding the right work-life balance. These issues can lead to reduced productivity, growing absenteeism, disability, rising costs, and workplace accidents. Group benefits are a key element to building employee satisfaction, improving morale and can help support the physical, mental and financial needs of your organization and your employees.
Attract valuable employees
An employee benefits plan can help you maintain a competitive position in the marketplace by helping you retain good employees and attract new ones.
A group benefits plan is an important part of your business’s financial security plan. Flexible and innovative benefits plans – featuring benefits like health care, dental care, disability and employee and family assistance plans – can be tailored to fit the specific needs of your company, whether it's large or small.
Talk to a financial security advisor about the options available and how you can add value to your business.
The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature, and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.