Benefits
New Era for Health Benefits?
Has the war for talent ushered in a golden era for health benefits plans and wellness programs? The 25th annual Benefits Canada Healthcare Survey appears to suggest that. While “golden” may be too strong a word, given competing pressures for sustainability, today’s market certainly does reflect a changing mindset for a growing number of plan…
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Why Financial Wellness Pays Off for Employees
When employees are financially well, employers reap the rewards of a healthier, more productive and loyal workforce, emphasizes Saijal Patel, founder and CEO of Saij Wealth Consulting and creator and host of The News Forum’s national online personal finance program, Strictly Money. In a recent webinar for The Benefits Alliance Group, the financial wellness consultant…
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5 Top Trends in Total Rewards
With attrition levels well above the norm in many sectors, employee total rewards are coming into their own. “Three to five years ago, total rewards still meant compensation for most people, maybe with a couple of bells and whistles attached. Today, total rewards include greater focus on health and well-being, culture and the values of…
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3 Things You Should Know About The Pricing Of Employee Benefits
1. Target Loss Ratio (TLR) The Target Loss Ratio is the percentage of every dollar your insurance carrier expects to pay out in the form of claims for experience-rated benefits (typically short-term disability, health and dental). The difference between the TLR and 100% represents the carrier’s expenses for managing your program. For example: If your…
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