The Value of Group Benefits to Employers & Employees

Why Consider Employee Benefits?

As a small business owner, you understand how important your employees are to you. Simply put, the right employees can “make” the company. Besides wanting to treat your employees well and making sure they are in the best of health, employee benefits plans have numerous advantages:

• Attract and retain high-quality employees. Studies show better compensation and benefits is the number one reason candidates cite for accepting a job.
• Creates a healthy culture. Having healthy employees’ results in increased productivity and reduced absenteeism. This mitigates some of the cost of providing the benefits plan.
• Tax Deduction. They are a tax efficient way to increase a compensation package for both the employee and the employer.
• Cost Effective protection for employees and their families. There are no requirements to pay into CPP or EI and the employee gets tax free medical benefits.
• Increased morale. It helps establishes the company policy on health and sickness

 And last but not least… Employees Value Employee Benefits!

Today, top employees demand a comprehensive health insurance plan.  In fact, in a 2016 Canada health survey, 77% of respondents say they wouldn’t move to a job that didn’t include some health benefits.