EMPLOYEE BENEFITS
benefits and view it as part of their compensation package
rather than as a personal cost.
ADDITIONALLY, IT HELPS
TALENT FEEL LIKE THEY
ARE VALUED WITHIN THE
ORGANIZATION, WHICH
WILL IMPROVE LOYALTY.
Employee engagement and loyalty will translate into
customer satisfaction and loyalty, which will, in turn,
improve profitability and help your company grow.
A number of things can be included in group benefit plans:
•
Life insurance
•
Accidental death & dismemberment
•
Short- and long-term disability (income replacement)
•
Critical illness
•
Health care—prescription drugs (which are not covered
by the province), professional services (acupuncture,
naturopath, massage, physiologist, chiropractor, etc.),
vision, travel coverage, medical services and supplies,
and vision
•
Dental—basic, major, and orthodontic
•
EAP—employee assistance programs, which help
employees through crises (mental, marital, workplace,
financial, etc.)
At their core, group benefit plans are flexible enough to fit the
needs of the company that they cover. One company might
require a flex-care solution, for example, rather than a set
plan design.
These types of benefits should not be viewed by your
employees as a personal cost to them, but as a part of the
total compensation that they are receiving for working for
your company. This will keep talent coming to your door and
wanting to continue working for you.
To find out how employee benefits plans could help your
company attract and keep quality talent, contact Ryan Wing
at [email protected] or call 604-484-4992. +
BY: RYAN WING,
CMW INSURANCE
Ryan began his career with
CMW in 2010. As a Client
Executive, Vice President at
CMW Financial, he offers
independent, professional
advice
to
individuals,
families and businesses on
insurance, investment, estate
and tax planning as well as
group benefits and corporate
financial planning.