I’ve been having a lot of conversations about employee benefits lately and that statistic, according to a recent survey conducted by SunLife, the largest provider of employee benefits in Canada, is probably why.
The international consultancy, Deloitte reports that 30% of Canadian businesses are dealing with labor shortages due to the after-effects of COVID-19 but with only 40% making normal (pre-pandemic) sales, per the Canadian Federation of Independent Business (CFIB), increasing wages isn’t an option.
How can you retain your best people, and attract new and engaged employees in this environment? With a highly personalized, employee benefits package, targeted to meet the unique needs of your team members and draw in the new people you desperately need right now.
Did you know that employee benefits are 100% tax deductible? That makes implementing a new benefits package (or enhancing a current one) cheaper than offering higher wages and with tax-free reimbursement for all sorts of medical expenses it works out to a better value for your team members to boot.
I know you’re busy but if you’ve gotten to the end of this post and would like to learn more, reach out today and let’s chat.
Your Friend with The Benefits – Lauren Sheil
PS: If you’re more of a reader than a chatter go here to learn more about the types of benefits that I recommend.