Among the many issues that are faced by small business owners in Canada every day, recruiting the right employees seems to be a universal issue across most industries. It is vital to the growth of your business to make sure you have the right people in place, and that they will stick around once you have invested your time and effort into their training.

According to the 2020 Sanofi Canada Healthcare Survey, 86% of plan members who were surveyed agree that an employee benefit plan is an important factor when deciding to accept a job offer, and 71% agree that a good benefit plan is a strong incentive for them to stay. Investing in your employees’ health shows them that the company they are working for cares about them and their well-being, which can lead to increased job satisfaction, attendance, and productivity.

Benefits also have significant tax advantages for both the employer and employee. For example, a $3,000 annual raise is subject to payroll taxes for both parties and income tax to the employee. Alternatively, $3,000 paid towards benefit plan premiums are not subject to any payroll tax, the majority of premiums are a tax free benefit to the employee and there is the potential for the employee to claim thousands of dollars of medical and dental services, tax free, for themselves and their families.

The Chambers Plan can offer a flexible benefit solution that will be based on what’s best for your employees and your business; designed with services, products, and administration tools specifically made for small to medium-sized businesses, with no industry restrictions. Chambers Plan is not-for-profit, so all surpluses stay in the plan to help keep our premiums lower, and our pooled benefit options can help keep them stable.

Simple to use, but strong on features, Chambers Plan can take care of your employees while you run your business.