Employee Benefits Toronto
One of the key things that many potential job applicants look for when job hunting is whether the employer offers employee benefits in Toronto.
Over 60% of employers in Canada believe that they are at least partly responsible for the health and wellbeing of their employees, and 59% believe that having a comprehensive employee benefits scheme is crucial to improving employee loyalty and satisfaction. On the other end of the spectrum, three quarters of Canadian works agree that having an employee benefits scheme gives them peace of mind and security in the event of any unforeseen circumstances.
With businesses in every industry competing to attract and keep the best talent available, an employee benefits scheme in Toronto can make the difference between landing your next star player or missing out on a potential hire.
What Are Employee Benefits?
Employee benefits are a broad range of different programs and schemes that are offered to workers within a company.
While there are a range of different elements that can make up an employee benefits scheme, but by far the largest and most widely used is group medical insurance. This is certainly one of the largest and most attractive elements of a comprehensive employee benefits scheme in Toronto; over $32.2 billion was paid out in medical coverage benefits in 2015. With many medical treatments costing tens of thousands of dollars, many workers will look for an employer who offers them some protection against these events.
Medical employee benefits in Toronto often include a healthcare spending account, allowing employees to access important medical services without having to spend out of pocket.
Why are Employee Benefits so Important?
Employee benefits in Toronto are crucial for many businesses to not only attract the best talent on the market, but also to keep them. When Canadian workers interview at a range of employers, they will be taking into account not only responsibilities and salaries, but also any extra perks and employee benefits. Having a comprehensive employee benefits package in Toronto can help you stand out from the crowd and win that next star hire.
What Do Employee Benefits Cover?
Employee benefits in Toronto can offer a range of coverages for different medical services. These can include:
• Dental: Any services provided by a dentist can generally be covered, including cleaning, polishing, tooth extraction, cavity filling, and whitening. This is one of the most common and largest parts of most employee benefits schemes.
• Vision: This covers expenses for any services related to eyesight, including new prescription glasses, vision checks, ophthalmologist appointments, contact lenses, and more.
• Private/Semi-Private Hospital Stays: This allows employees to stay in private or semi-private hospitals should they require urgent medical attention. Private hospitals tend to have shorter wait times, nicer facilities, and a greater range of specialists available.
• Paramedical services: This covers a range of accessory medical services such as remedial massage, chiropractic coverage, physiotherapy, and naturopath services.
• Other insurances: This covers a wide range of other kinds of insurance such as out-of-country medical expenses, accidental death or dismemberment, and long-term disability.
The extent of your employee benefits plan will depend on the number of employees you have and how much coverage you wish to offer. KASE Insurance has years of experience negotiating the best policies for our clients across the GTA, helping them attract the best employees and keep them satisfied in their jobs.
Who Needs Employee Benefits?
Any business that wishes to add an extra incentive to their employees should consider employee benefits in Toronto. Having a comprehensive benefits package can make any business a desirable employment opportunity for highly qualified workers, allowing you to build a stronger employee team and gain a competitive edge in any industry.
Why go with KASE Insurance?
Toronto is home to the largest job market in Canada, having more employers per square capita than anywhere else in the country. This makes competition for the best employees in any industry extremely fierce, requiring perks above and beyond standard vacation and salary. As a leading commercial insurance broker in Toronto, KASE Insurance is proud to help employers find the perfect employee benefits package that meets their needs.
At KASE Insurance, we make client satisfaction our top priority in everything that we do. We work closely with a wide range of businesses in every industry, helping them to find the most comprehensive and tailored package for their needs. Our team of insurance experts are always available to help secure an employee benefits policy that exceeds expectations.
KASE Insurance is ready to help you find an employee benefits scheme that will make your business stand out. Contact us today and let us find you a policy that works.
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