Dec
How To Plan Your Retirement
Retirement planning is now more important than ever. Public purses are coming under increased strain and as a result, governments have raised the age of retirement.Twenty years ago retirement was expected at the age of 60, now this has risen to 65. In Canada, this is expected to increase further, so what can you do to ensure you can comfortably retire at the age you want? This depends on a variety of factors, but some of the most significant factors are the type of lifestyle you expect to have, the amount of money you want to save and the specific financial plans you have to get there. Desired Lifestyle Take stock of yourself and your life. Ask yourself what kind of lifestyle you wish to…
Dec
Upcoming Employee Benefits Trends For 2016
The cost of healthcare is rising, but consumers are also demanding greater flexibility in managing their health with the use of modern communication. These are some of the employee benefits trends to look out for in 2016, plus a few others: Technology Tools The increased use of online resources to evaluate and assess health care has been proven by a recent survey in Canada which revealed over 52 percent of healthcare consumers search online for information on healthcare. Over the last two years, the number of consumers using technological devices to monitor their health has risen from 17 percent to 28 percent, and more than 60 percent of technology users say that these devices have impacted the way they behave. Analytics Tools Employers are making…
Dec
Choosing The Best Retirement Plan
When it comes to retirement, many people are unsure of how to begin saving. With a retirement plan in place you can choose what you wish to invest in, figure out exactly how much you need to save and have a set age in mind for when you want to stop working. Choosing the right retirement plan comes down to a few select factors, so we’ve come up with a list to help you choose the best retirement plan for you: Your age: The earlier you start your retirement fund, the less you’ll have to put away from each paycheque. Keeping a certain amount aside from each paycheque isn’t easy, especially when there are many important life events you need money for such as paying…
Dec
How Important Are Employee Benefit Plans?
As an employer you understand that in order for your business to thrive, you need to hire quality employees. Once you’ve hired quality employees you need to foster a positive working environment. A great way to create an environment where your employees are content with their jobs and actually want to go to work everyday is by offering a comprehensive benefits plan. How do benefits help employees? When you offer benefits to your employees it creates a lower turnover rate because they know they are protected in case of emergency. For instance, if someone on your staff experiences a sudden illness, they will be covered by their employee benefits package and will be able to afford the medicine and treatment needed. Many recent high school…
