Articles tagged with: Employee Group Benefits

Why Your Company Needs to Offer Group Disability Benefits

on Monday, 28 September 2015. Posted in Blog

Disability InsuranceWhen businesses and workers weigh individual components in their employee benefit packages, many do not realize the importance of disability insurance. Countless people consider their largest assets to be their homes when their future income-generating abilities may predominate. Unexpected serious illnesses or injuries might leave personnel unable to bring in wages.

Group Benefits Are Key Employee Retention Tools

on Monday, 14 September 2015. Posted in Blog

Employee Group Benefit RetentionHiring skilled employees is the first step toward establishing a strong staff. But according to a workforce poll, 82 percent of 2,857 Canadian employees reported that their employers weren’t doing anything to hold onto them. Unfortunately, employee discontentment can lead to low morale, apathy, personal stress, serious health consequences, greater absenteeism, and higher turnover, lowering productivity while inflating replacement expenses. So developing retention strategies that increase workplace fulfillment are necessary to keep top talent.

Updating Employee Benefits With Modern Flexible Approaches

on Wednesday, 02 September 2015. Posted in Blog

Today’s average employee is no longer the typical married man, supporting his unpaid housewife and 2.5 kids. Yet corporate benefit plans have not kept pace with evolving workforce changes over the last 50 years. If yours does not reflect young singles, multiple-income families, and extended families, consider a 21st-century reboot now.

Employee at homeBenefits can cost employers almost 15 percent of their payroll with insurance and pension at 5 percent each plus 3 percent for other perks. For annual $50,000 salaries, your company’s expenses can reach $7,500 per employee or $750,000 for 100 workers. Yet most HR professionals report that staffers view their benefit plans as being just okay to wishing that they offered more to satisfaction. Experts’ tips can help you get better internal endorsements for your sizable investment.

Pooled Registered Pension Plans (PRPPs)

on Wednesday, 17 October 2012. Posted in Investments, Blog

Pooled Registered Pension Plans (PRPP) Act was approved on June 28, 2012 in order to help Canadians save for retirement.