Being altruistic usually means putting the needs of others ahead of your own needs. So discussing how philanthropy can help to build your brand almost comes across as being hypocritical. But being generous and charitable doesn’t mean that you can’t beat your chest a little, especially when it comes to being good corporate citizens and leaders in your community. Here … Read More
Has Work-Life Balance Actually Increased or Decreased During the Pandemic?
Prior to Covid, things were changing in the corporate world. Many employers are starting to recognize the importance of encouraging a work-life balance among their employees. And, in today’s competitive job market, family-friendly work environments are becoming all the rage – for a good reason. But almost overnight, things almost flipped on its head Since the start of the pandemic, … Read More
Why is it Good to be Disruptive in the Employee Benefits Industry?
By definition, Disruptive means “causing or tending to cause disruption”, but in business, it generally refers to “innovative or groundbreaking”. My 15-year son being disruptive in his classroom is not encouraged, but it takes guts to be a trailblazer in the business world. Also, if you’re successful, then the masses will follow. Who Said a Tiger Can’t Change Its Stripes? … Read More
9 Awesome Employee Retention Strategies for Start-Up Companies That Won’t Break the Bank
Most people love the idea of joining an up-start organization, in the hope of building it into a household name one day. The reality is there’s a far greater chance of the company going bust than boom. Everyone needs a competitive salary and perhaps an opportunity of stock options, but what other things are going to keep employees engaged, on … Read More
10 Employee Benefit Plan Tips That Keep Employees and Employers Happy
10 Employee Benefit Plan Tips Usually, there is a disconnect between employers and employees as it relates to employee benefit plans. Employees want a comprehensive plan and employers need to be watchful of the bottom line. Pleasing both parties is not always easy to achieve. Here are 10 Employee Benefit Plan Tips that if incorporated into your plan, will satisfy … Read More
Business Owner Alert: Seeking Something Amazing if You’ve Maxed Out Your RRSPs?
The challenge for many business owners, they either haven’t contributed enough to one’s RRSP, or they’ve maxed out your RRSP contributions for the year. The challenge is RRSP contribution room is derived from one’s T4 income from previous years. If you choose to take money from your business in the form of a dividend, this doesn’t count towards RRSP eligible … Read More
Total Rewards Statement: Do Your Employees Really Know What You’re Paying Them?
How many of you have had an employee that hands in his/her resignation letter, only to find out that they left for a raise of making $5,000/year more? Should all employee compensation be treated equally? As an employer, how good a job do you communicate what you really pay your employees or more importantly, how much do they take home? … Read More
What are the 6 Things I Need Business Protection Insurance for?
Reduce Business Risks by Implementing Business Protection Insurance for Management Team and Key People As Business Owners, we all assume certain business risks. In my discussions with business owners, I’m astounded by the types of business risks that some owners are willing to make. Ironically, none of these individuals I would consider stupid, overly aggressive or brazen. Some of these … Read More
9 Best Practices to Setting Up a Successful Employee Benefit Plan
All Employee Benefit Plans Should Not Be Created Equal When setting up an employee benefit plan, not enough attention is paid to future sustainability and the important considerations that need to be taken into account setting up an employee benefit plan or changing benefit providers. Weigh these tips very carefully when going through the set-up process and you can avoid … Read More
What is Cost Plus And How Can I Use it to Keep My Best Employees Happy?
There’s a Place for Cost Plus Have you heard about Cost Plus? A lot has been said about the use of Cost Plus on your benefit plan and that CRA has been targeting these types of perks on benefit plans. The truth is Cost Plus can be used strategically as a tax-free employee perk and can positively contribute to … Read More