What You Need to Know About Employee Benefits For Groups
Having comprehensive employee benefits that everyone can agree on can help you both attract and retain talent. When companies give back to their employees by demonstrating compassion and care, employees value the relationship with their employers much more. Employees who genuinely appreciate their coverage are more engaged with their employers and often more productive..
What’s more is that many of the insurers that Insurance Hero partners with have easy access to apps and mobile ports to allow employees to access their benefits easier when they need to make a claim. This ease of access greatly improves the customer experience, saving everyone just a little bit more time!
Insurance Hero creates a revolutionary experience for its customers by combining unbiased & independent advice, technology, and service, all in one place.
Our high-end quoting technology means you get the most competitive quotes for your employee benefits plan.
Our dedicated service team strives to deliver a world-class client experience every time we interact with you.
We operate on a digital basis, saving you time to focus on growing your business.
Our experienced advisors give unparalleled advice for optimizing your employees total compensation package. Above all, ensuring you are getting the best value for the investment you are making in your most important asset, your people.
What are Employee Benefits?
Employee benefits can help to greatly improve the appeal of your business and make you stand out in an otherwise highly competitive talent market. Employers are beginning to assess the benefits of offering comprehensive employee perks to ensure retention and attract top talent. Employees nowadays will compare between benefits more than just wages when choosing between opportunities, and you want to make sure your business stands out.
The goal of any good employee group benefits package is to help cover expenses that may not be covered by Canada’s public health plan. There are several main aspects to company benefit plans, and those include:
Group Health, Vision & Dental Insurance
Life Insurance & Critical Illness Coverage
Prescription Drug Coverage
Employee Assistance Programs
Employment benefits can range from more expensive to relatively inexpensive, depending on the benefits being offered. Canada work benefits range anywhere from remote working days to comprehensive group health insurance plans, so we advise working with an expert to decide what benefits plans are best for your budget, your employees, and your business.
We tailor a plan based on your business and its employees’ needs. Request a quote from Insurance Hero to get the best solution for your business today.
Depending on the group benefits, yes. Some employment benefits in Canada are mandatory, such as CPP (Canada Pension Plan) , employment insurance, and workers’ compensation insurance. Non-mandatory benefits are offered by employers at the employers’ discretion. Some company benefits will include non-mandatory benefits like free lodging, company car, life insurance, company cell phone, extended healthcare, and disability insurance.
What are common employee benefits in Canada?
Extended health care, or group health insurance, is one of the most common employee benefits in Canada. Supplementary pension, additional paid days off, maternity and parental leave, and wellness programs are also common employee benefits in Canada.
Why choose group benefits?
Beyond the mandatory programs that you are required to carry as an employer, we advise choosing group benefits to help attract new talent, but also retain your existing team members, protect the health and wellbeing of your employees (your biggest asset, arguably) and ensure that your team members are happy and in the best place to do their best work.
Also, most group benefits programs are considered a tax-deductible business expense.