June 24, 2016
There are some fascinating statistics to be found in the recently released 2016 Sanofi Canada Healthcare Survey, including how benefits plans are viewed. Whether you believe benefits plans are a health resource or a form of compensation depends heavily on whether you are an employer or an employee.
Employers top 4 reasons for providing a health benefit plan:
Boosting Productivity - 64%
Maintain Employee Satisfaction - 60%
June 16, 2016
The results of the 2016 Sanofi Canada Healthcare Survey were recently released, with some interesting findings.
Out of 13 possible wellness programs or policies, the most popular were:
Flexible Working Arrangements - 41%
Off-Site Gym Memberships / Fitness Classes - 36%
Healthy Foods & Snacks - 36%
Flu Shots at Work - 35%
When asked about their current benefits, employees valued:
Prescription Drug Coverage - 94%
Basic Dental Services - 93...
June 16, 2016
A recent survey found that 62% of Canadian employees would be willing to pay more out of their paycheque in order to receive a more generous retirement benefit. The survey conducted by Willis Towers Watson polled over 2,000 Canadian employees and found that 65% of employees would be willing to pay more in order to receive a pension that was guaranteed for life.
Paying for improved retirement benefits spanned all age groups, with 71% of...
June 14, 2016
If employees don’t understand their dental benefits, they may pay unexpectedly out of pocket for their expenses. Worse, they could be vulnerable to fraudulent dental claims that contribute to rising insurance premiums. And with recent statistics showing insurance companies were paying at least $7 billion for Canadians’ dental care annually, employers have an interest in helping their staff become better dental consumers.
About 65% to...
June 07, 2016
As disability claims continue to rise, employers are uncertain if they'll be able to provide the same benefits to employees in the future. Not only are the number of disability claims rising, but so are the costs. Some of the factors influencing this rise is an aging work force, along with chronic health issues such as obesity, mental health, and stress management. Chronic health issues alone affect approximately 40% of...
April 27, 2016
According to a survey conducted by the Canadian Payroll Association (CPA), the five most common employee benefits offered by Canadian employers are:
Health & Dental Insurance
Group Life Insurance
Gifts & Awards
The Employment and Retirement Benefits Survey polled nearly 4,000 payroll practitioners across Canada and rounded out the top 10 employee benefits with the following:
Cellular phone service...