Employee Benefits - Group Benefits
Employees have always been central to organizations, but their strategic importance is growing in today’s knowledge-based economy.
The rate of change has never been more profound and an organization’s success increasingly depends on the knowledge, skills, and abilities of its employees.
A lack of qualified employees could be costing your business more than you think. A well-designed group benefits package will help make your business more competitive, retain employees, recruit top talent, boost employee satisfaction and maintain productivity.
While provincial health care programs provide Canadians access to doctors and emergency medical treatment, it does not cover everything. A group benefits program will help ensure that your employees and their dependents are adequately protected. Group disability and health benefits also ensure your investment is protected in case an employee becomes ill or injured.
Employees struggle to achieve a healthy work-life balance due to conflicting priorities. An Employee and Family Assistance Program, Employee Wellness Programs, Virtual Care and/or a Medical Second Opinion Program can provide outside resources, tools and the support employees need to keep a balanced state of mind and stay focused at work.
Without a group benefits program, employees must pay for prescription drugs, health care and dental expenses with after-tax income. Most employee benefits programs are designed to cover these expenses, leaving more money in your employees’ pockets. Employer contributions are also tax deductible.
Businesses are always trying to find ways to reduce costs. They have to make tough decisions to ease the financial burden and persevere through an ever-changing market. Thus, investing into employee benefits is often perceived as an expensive and unnecessary cost.
However, for employees, benefits are of significant importance. This is due to the fact that group insurance is an important form of compensation beyond hourly wages or salaries. Furthermore, the burden of drug costs on employees can cause unnecessary stress, and strain the quality of operations, which would hinder the competitiveness of your business.
Current studies have shown that a group benefits program is viewed by employees, at all levels, as being a major element in their total compensation. Since the employee marketplace is competitive, employees are choosing to go with companies that have comprehensive benefits rather than those without that competitive edge. For that reason, it is vital that employers who wish to retain their employees and attract qualified new employees provide a competitive group benefits program. The challenge is doing so at a competitive price!
We cover all your needs
Regardless of your industry, size or the complexity of your group benefits program, BFL CANADA, through a broad range of services, offers you solutions that support your corporate culture and allows your business to acquire and maintain a competitive edge.
Our Continuous Engagement
At BFL CANADA, we pride ourselves on our service and dedication. With our in-depth knowledge, innovative solutions and our purchasing power across the Canadian market, we negotiate for you the best costs and help you optimize your group benefits program to meet your financial goals, maximize overall employee satisfaction and give your business that competitive edge.
We make a difference by taking a hands-on approach to consulting services in order to fully understand your corporate culture, challenges and needs. We work closely with you every step of the way to optimize your group benefits program:
INITIAL AND ONGOING PROGRAM ANALYSIS
IMPLEMENTATION AND COMMUNICATION SUPPORT
FINANCIAL REPORTING AND ONGOING SERVICE AND SUPPORT
What sets us apart from the competition
A dedicated team you can count on.
Our experienced advisors are dedicated to providing you with exceptional consulting services. Although risks vary from one organization to another, our professionalism, our rigour and our commitment do not. We understand that every business is unique and are committed to delivering tailor-made and sustainable employee benefits solutions that align with your organization’s needs and corporate culture.
The BFL CANADA Advantage in a Competitive Market
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.