How Can I Use My Benefits to Help Prevent Employee Burnout?
By Michele MactaggartSince 2020, an unprecedented 35% of workers have reported feeling chronically exhausted or overwhelmed at work. This surge is linked to long hours, hybrid or remote work challenges, and the lack of proper mental health support. Burnout is a significant issue within the workplace, with chronic stress leading to decreased productivity, high turnover rates, and […]
Managing Costs: Should You Pass Benefit Premiums on to Your Employees?
By Michele MactaggartManaging costs effectively is crucial for the sustainability and growth of any company. One significant expense that often comes under scrutiny is employee benefits and insurance premiums. Employee benefits, especially health insurance, represent a substantial portion of overall compensation costs. With the continuous rise in healthcare expenses, many businesses find it increasingly difficult to bear […]
Prioritizing Wellness: Discussing Benefits with Your Team
By Michele MactaggartIn today’s professional landscape, where work-life balance is often elusive, prioritizing wellness in the workplace has become more important than ever. As a leader or manager, it’s essential to initiate conversations about benefits and wellness with your team to ensure their overall health and productivity. Addressing these topics is crucial for fostering a positive and […]
How can I lower my costs without reducing coverage for my employees?
By Michele MactaggartOne of biggest challenges in finding a benefits plan for an SME is the concept of cost vs. functionality. No two people, let alone an entire workforce, are living the same life, facing the same challenges, or experiencing the same hardships at one time; so how can you as an employer get the most functionality […]
Can Benefits Save my Employees a Trip to the Doctor During Working Hours?
By Michele MactaggartThe short answer? YES! Over the years, we’ve established that the most competitive businesses rely on a healthy and happy workforce. Without competitive healthcare benefits, it’s harder to create a winning workplace where talent can thrive. After all, 78% of employees report that they’re more likely to stick around for the long haul if their employers offer […]
How can benefits help make my business stronger?
By Michele MactaggartAs a small business owner, you’ve signed on to wear many hats in your day-to-day operations: manager, accountant, customer service… maybe even occasional therapist. It’s a balancing act, but if you’ve been able to master it, congratulations! That’s no small feat. While many small businesses prove that a job or service can be well executed […]
Rethinking Big Bonuses: Get Creative with Your Incentives
By Michele MactaggartIn a super broad, umbrella definition, a bonus refers to cash payments given in lump sums. The term itself is rather exciting – it’s extra, additional… more! And in the language of making money, more is always good. As we’ve been reading, a signing bonus is becoming increasingly popular as employers pull out all the […]
Preparing for Fallout: Disability, Critical Illness, and Life Insurance
By Michele MactaggartEven if you’re not an avid air traveler (thanks, COVID), you likely know what they say when it comes to how to act in an emergency: always put your own mask on first. You’re better off putting your own mask on first so you’re best able to focus on helping others who may need your […]
Value Over Cost – How to Positively Approach Benefit Renewals
By Michele MactaggartWhen it comes to employee group benefits, the whole administrative process can be daunting – what makes it worse? When you go to renew, and the cost has spiked. What’s that all about? Group benefit costs in Canada are forecasted to rise 7 per cent in 2022. A combination of higher costs for prescription drugs, […]
Protecting your Assets: Addressing Workplace Mental Health in 2022
By Michele MactaggartWith most of us considering the mind the greatest asset in business, it’s only natural that we’re nurturing it in every capacity. Workplace mental health has become more than just words on a page in an employee manual – it’s become a fundamental pillar in an organization’s presence – and ultimately, its sustainable success. Collectively, […]
