There is a direct link between business success and employee benefits. Some of the most successful businesses are those with satisfied employees. And it should not surprise anyone that some of the most satisfied (and productive, dedicated and loyal!) employees are those that are content with the employment benefits provided by their employer.
But just as success does not automatically happen in business – it takes dedication and hard work; putting together an equitable employee benefits package requires careful planning and foresight.
WHY EMPLOYEE BENEFITS PLANNING IS IMPORTANT
The very success of your company could depend on the types of benefits package you offer your employees. With so many of your peer and competitor businesses competing for good talent, it is often not the pay-rate that attracts good employees, but the complete benefits package they receive.
But there is more to employee benefits than just enticing great talent to join your company. If your benefits package does not keep pace with the industry you are in, chances are that your competitors will win over talented workers from you. All your investment in training and equipping them with business knowledge and skills will become an expense to be written-off – instead of an asset to capitalize on!
WHAT WE CAN DO FOR YOU
While you focus on encouraging your clients and business associates to establish profitable business relationships with your company, our Employee Benefits specialists will help find a package of employee benefits that will motivate your workforce to work hard and stay committed to your ideals. Our emphasis is always on:
- Finding personalized solutions, as opposed to cookie-cutter out-of-the-box plans.
- Recommending solutions that help you reduce benefits management and administration costs across the company.
- Offering benefits packages that are in line with what your industry peers are offering their employees.
- Proposing plans that are low on red-tape, and high on delivering real value to your employees: Targeted benefits. Quicker processing. Seamless and secure access. Transparent reporting.
- Advising on plans that do not just meet today’s needs, but that can continue to evolve as your business grows and matures.
Before we bring forward recommendations for an ideal Employee Benefits plan for your business, we will first understand what it is that you wish to accomplish from the package. We then review the existing landscape of employee benefits and bring forward recommendations that will best meet the needs of your company.
Here are just some of the areas that our Employee Benefits team can assist you in finding a solution to help your business grow, and to keep your workforce motivated and committed:
- Benefits Plans
- Life insurance coverage: Employee/dependent Life Insurance coverage.
- Disability insurance: Short-term and long-term disability insurance.
- Illness insurance
- Reimbursement plans: Staff/Executive reimbursement plans.
- Accidental death/dismemberment insurance
- Drug coverage: Prescription drug coverage.
- Professional services: Professional medical services coverage, including Physiotherapy, Chiropractic and Psychological assistance.
- Other medical plans: Dental and Vision care.
- Additional spending: Health-care spending accounts.
- Staff programs: Employee/dependent assistance programs (Grief counselling, Substance-abuse therapy, Mental Health advisories, Elder-Care counselling).
- Travel plans: Emergency travel assistance planning.
So, what does it mean for you and your business to have a great Employee Benefits plan? Better-quality employee attraction. Higher employee morale. Greater employee productivity. Stronger employee retention.