Why Insure Your
Group 1. Revenue Canada allows a
company to completely write off all health and dental benefits.
These benefits are non-taxable to the employees.
2. Paying for benefits is free from WCB, CPP &
EI contributions. Each dollar of benefits you provide is 100%
passed on to your employee.
3. The Wall Street Journal reports the total cost
of employee turnover ranges from a low of 50% (The Hay Group)
to a high of 150% (Hewitt Associates) of the employee's annual
compensation.
Imagine the savings if your company
retained one or two additional employees each year by addressing
the above issues.
Take an Average Employee that earns $28,000. If
you had to replace this person, at the minimum it would cost your
business $14,000. How many managers does your company lose per
year?
If your business loses two people a
year, that's $28,000 minimum.
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The Top 3 Reasons Employees Voluntarily
Leave A Company.
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