Why Offer Employee Benefits Feb 4th

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Why Offer Employee Benefits

– life-insurance-quotes.ca

Why Offer Employee Benefits
What Every Small Business Owner Needs to Know
The current labour market has shifted and is now in favour of the employee. Coming out of the pandemic, there are more jobs available than there are people willing to fill them.
What does this mean to the average small business owner? In a nut shell, it is increasingly difficult to find the right employees for positions that need to be filled.
There are a couple of ways companies can overcome this:

Increase salaries.
Offer better employee benefit plans.

Increased salaries certainly do attract top-end talent. Unfortunately, they also result in higher payroll taxes, which can be substantial in Canada.
The premiums paid into a group benefits plan, however, are a tax deductible expense to the company and are not taxable benefits to the employees!
Why Offer Group Benefits Coverage?
There are numerous positives when it comes to offering your employees a comprehensive group insurance plan. The following just outlines some of these:

A competitive benefits plan will attract and retain qualified and stable employees to your team…

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