If you’re trying to think of ways to attract, retain and engage employees, it may be worthwhile to consider adding a group benefits plan or updating your existing plan.

When you offer a group benefits plan to your employees, it could increase engagement more than giving employees a raise in pay for three major reasons:

  1. Benefits can be a tax-effective way to compensate your employees—health and dental benefits are tax-free for employees in all provinces except Quebec (other exceptions may apply)
  2. You can help protect the well-being of your employees and their families by helping them manage their health and wellness, and by creating a sense of security and belonging
  3. You can improve employee appreciation and loyalty by tangibly conveying your support for your employees beyond their day-to-day work

If you’re starting to look at group benefits plans, here are some options to consider for your company and your employees:

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