12/14/2021
For all my small business owner friends out there -
46% of small business owners are telling us that retaining staff post-covid has become very challenging and 33% of owners cannot find the talent that they need.
In 2022 simply increasing the wages at your firm may not be feasible given budget constraints. But adding an employee benefit plan to your total compensation model is cost effective and can go a long way in retaining valued staff, attracting new talent and providing employees the financial security and health & wellness support they need and want.
Everyone always asks us -
1. How big do you need to be to have a benefits plan? In Ontario, Canada - 2 people is the minimum.
2. What if you and your employee(s) have pre-existing medical conditions? The advantage of a Benefits Plan versus individual coverage is that plans can be created with NO medical requirements - meaning sometimes a Company Plan IS the best option.
3. I thought all employer plans were expensive? The premium cost for plans is a tax write-off for the business and working with a benefits advisor - you can design a plan to fit your budget needs.
Speak with an advisor about your options create a plan for 2022 and reward your loyal staff.
