The Benefits Edge
Offering a group benefit plan or group RRSP is a great way to show that your employees are important to you. Surveys show that employers who have a benefit plan have lower employee turnover and that employees value the benefit plan. Some business owners feel that a benefit plan helps their employees maintain their health and that helps to keep them focused on the job. Other employers believe that companies have a moral and ethical responsibility to provide benefits as part of compensation as being a compassionate employer is part of their business culture. Either way, it makes business sense to offer a plan as a recruitment and retention tool for your company and a great benefit plan can offer a point of differentiation with other competitors.
Whether you are a small manufacturer, service company, not-for-profit or franchisor, benefits are an important part of the compensation equation