How to Customize Your Benefits Plan to Get the Most Value
Creating a customized benefits plan for your business is often the best way to support your employees without breaking the bank.
Are Employers in Ontario Required to Offer Extended Benefits?
It may come as a surprise to some, but, by law, all employers in Ontario are required to offer certain benefits to all full-time employees.
How Offering Good Benefits Can Increase Your Productivity
If you’re a business owner, finding ways to increase your productivity is probably something that takes up a fair amount of your time. While things like task-management programs and SMART goals are the most common ways to work more efficiently, you may not realize that the benefits plan you offer can also play a significant role in your company’s overall productivity.
Which Types of Dental Coverage Should You Offer?
While some benefits are commonly expected, others are seen by many employers as impractical luxuries. Although it can be tempting to exclude “extras” like dental coverage, it’s important to understand all sides of the need-versus-luxury equation.
Should You Offer Extended Coverage, or Are Provincial Benefits Enough?
It may be tempting to let your employees rely on provincial benefits rather than offering a plan, but the reality is that this is often not a wise decision for your business.
Can Offering Fewer Benefits Increase Employee Satisfaction?
Many business owners believe in offering a comprehensive benefits plan to increase employee satisfaction. But offering the greatest number of benefits possible is not always the best solution.
Do You Need to Reevaluate Your Benefits Plan Each Year?
Even if the plan you have in place already is good, taking the time to reevaluate the coverage you offer each year can be an opportunity to save money without sacrificing coverage.
Are Work-From-Home Benefits Different from Traditional Benefits?
The onset of the COVID-19 pandemic drove many businesses to introduce new work-from-home options. While the primary goal of the move was to ensure that businesses could continue to function when offices were closed, now remote work is here to stay. However, many Canadian employers have yet to fully embrace work-from-home benefits.
Should You Offer Your Employees a Group Savings Plan?
While not as essential as other options like mental health coverage, offering a group savings plan can be important to your staff. Many workers in Canada don’t have a dedicated retirement savings plan beyond the standard Canada Pension. In fact, a poll by Bloomberg showed that 32% of workers in Canada are approaching retirement age without any dedicated savings.
Creating Benefits for Non-Union Employees
In smaller companies where the large majority of workers are non-union, the work of caring for staff falls directly to you as a leader.
