5 Reasons Why You Should Offer Group Employee Benefits

As a successful business owner, you already know the most valuable assets within your organization are your employees.

Whether they are sales people who bring in new business; marketing professionals who create the products or services your company provides; financial experts who manage money and determine profitability; or customer service agents who manage the post-sales relationships of your customers.
Each has a vital role to play in the success of your company. Apart from salary and work environment, you need to offer other perks to attract and retain high-performing, productive and loyal employees.

Great Benefits Attract Great Employees

Offering comprehensive benefits to new hires is a win-win situation.

Healthy Employees are Happy Employees

Providing affordable insurance for prescription medication, dental and vision care, means your staff can worry less about the financial burden that would otherwise be placed upon them.

No Need to Look Elsewhere

If your employees feel that the health care needs for themselves and their families are adequately addressed through the employee benefits package, they are less likely to want to move to another company.

The Millennial Effect

Making up approximately 40 percent of Canada’s workforce, millennials are the driving force of the economy. As such, it’s vitally important that their contributions to a company’s bottom line are recognized and valued accordingly. Providing an attractive employee benefits package demonstrates to this important demographic that you care.

Reduce Your Business Taxes

Providing group benefits for your employees is an excellent way to reduce your taxable revenue. Your share of employee premiums is tax deductible in most cases.

Caring for the Health and Well-being
of Your Employees and Their Families

Our employee benefits packages are perfect for business owners who understand the importance of providing for the mental, physical and emotional health of their employees. As you can imagine, the list of plans is almost endless, but the most common for small-to-medium size businesses are:

Providing comprehensive employee benefits packages is a great way to prevent your star employees from being lured away to a competitor!
Plans typically range between $40 and $120 per month, per employee, and provide from 50%-100% coverage of eligible health expenses.

Plan for Retirement with a Group Retirement Plan

Helping your employees plan and save for their retirement is another excellent benefit you, as a business owner, can offer. Whether that’s via a Registered Retirement Savings Plan (RRSP) or one of our unique retirement savings strategies, the options available to you are wide and varied.
Our approach is to not simply provide you with various retirement savings options, but to set up a financial literacy program for yourself, your employees and their families, so that everyone understands the importance of saving early for the future. Understanding the fundamentals of how compound interest works over time is critical to building wealth over the long term and removes some of the financial stress many families and individuals face.