5 Reasons Why you should Buy Group Benefits in Canada?

1. 5 Reasons Why you should Buy Group Benefits in Canada?

2. One of the most crucial components of running a successful business is keeping your employees happy. Offering them with enough benefits and incentives to maximize their productivity. While there are various ways to go about this, providing your employees with a competitive ‘group benefits package’ is a good way to do this. The plan offers your employees the protection they deserve and relieves them of any financial stress that they may encounter in times of a minor ailment or a prolonged sickness. 

3. Check out the top five top reasons to Offering Group Benefits Plan in canada to your employees-: 

4. Protection for your Employees Although Canada’s robust national healthcare program gives Canadians access to some of the best doctors and treatments around the world, it doesn’t necessarily cover everything.  In fact some new treatments that are uncovered tend to be extremely expensive and can rattle your budget, so it’s important to ensure that your employees and their dependents are adequately covered for. 

5. Protecting your business Your employees are the most important asset of your company, make sure you keep them thriving and productive with the right benefits. A comprehensive Group Benefits planwould make sure they access affordable ‘health care’ with dental and pharmaceuticals.

6. Maintain Productivity Your employees face many challenges while making their work life balance. A competitive ‘Benefits Plan’ allows them to access resources, tools and the support they need to help to stay focused at work. Employees who get the chance to visit doctors for regular checkups and get preventative care are far less likely to get seriously ill.

7. Attracting and Retaining Top Talent A custom-made group benefits package can really help your business become more competitive and help your recruit/ retain employees. Studies also show that ‘a workplace that offers more security and stability’ boost employee morale and maintain productivity.

8. So if you already have good employees, it's important you give them a good reason to stay in your company, work hard and keep fueling your growth. Provide tax-effective compensation Without a ‘group benefits’ coverage, an employee must pay for everyday health expenses, dental and prescription drugs with after-tax income. An employee benefits plan in canadais designed to provide for all these expenses using before-tax income - burning a hole in an employee's pockets. Employers can decide to contribute some percentage of the plan and this will be a tax write off for them. They are also able to pull the money out from employees pre tax to help pay for their portion, rather than paying post-tax dollars for the same benefits. CHES LIFE Services extends tailored ‘Group employee benefits’ options starting from as few as 2 employees to catering large corporations

9. To know more about our budget-friendly benefits, click here https://www.cheslife.ca/group-employee-benefit/