What is your company’s role in your Employee Personal Financial Wellness?

employee personal financial wellness

The Stats May Shock You Much has been discussed about creating loyal and happy staff, and attracting and retaining great talent.  One often overlooked opportunity to build trust, increase worker productivity, reduce stress and contribute to an employee’s financial freedom is helping to educate on employee personal financial wellness.  So why would you go down that road?  Do employees really … Read More

8 Clever Retention Strategies for Executive Compensation

executive retention strategies

If you went to the office one morning and someone gave notice, whose departure would make you feel irreparably harmed? Think about the key people you need to take your company to the next level of growth or become the next leader of the business. Also, consider who you consult with when making a critical or strategic decision. These are … Read More

How Important is Employee Financial Wellness?

employee financial wellness

“Can I afford to retire?” “What happens to me if I get sick and can’t work?”  “How can I afford for my kids to go to university?”  “Where do I go to get a financial plan for my future?”  “What will happen if I die and don’t have a will?”  “Where do I start to get myself out of debt?”  … Read More

Do Benefit Plans and Medical Marijuana Mix?

benefit plans and medical marijuana

A common question I receive from benefit plan administrators is ‘how will medical marijuana affect our benefit plan’?  Usually it stems from plan members asking if their plan includes medical marijuana as part of the offering.  The Liberal government’s promise to legalize the use of recreational marijuana by July 2018 is helping to fuel many of these discussions.  So how … Read More

The Winds of Change in the Employee Benefit World

There appears to be a growing disconnect between employee benefit plan sponsors and the employees who use the plan.  This is what prompts us to believe that there will be inevitable change in the employee benefit world.  There appears to be a growing frustration between the two parties. Never before in employee benefits has there been the numerous external factors … Read More

Employee Financial Wellness Creates We Care Culture

Employee Financial Wellness

So what is keeping your employees awake at night?  Taking the approach that what happens on their time is their business is a draconian approach to management.  Thinking that it doesn’t affect their productivity at work? Think again.  Data indicates that employees spend between 10-30% of their work days focusing and dealing with personal issues.  Throw in the time taken … Read More

A Business Owner’s Guide To Employee Benefit Plans

guide to employee benefit plans

Business Owners:  An Important Guide to Employee Benefit Plans Business owners need to be aware of the vital parts of an employee benefit plan.  Whether you manage the plan yourself or you have someone else within your business that acts as a benefit administrator, you need to be aware of some key elements that can reduce long term cost, create greater … Read More

Are You a Business Owner Without a Benefit Plan?

business owner without a benefit plan

Should You Be Paying Personally for Health and Dental Expenses? In short, the answer is no. You can pay more taxes but why would you? As business owners, the CRA gives us very few opportunities to do things in a tax-preferred way. Business owners are entitled to write off legitimate health and dental expenses through your business. There are a … Read More

Managing Employee Benefit Costs

Employee Benefit Plan Tips

Over the past couple of decades employee benefits have increased in importance and have become a critical part of employee compensation programs. Employees are using their dental, prescription drug, paramedical and vision coverage at record levels. The three major factors contributing to the increases in benefits costs are: Aging: As we get older, we use more health care products and … Read More