Insurance and employee benefit plans by Tatjana Burcul, Owner, ARC Benefits Planning Insurance and benefit plans can be confusing to understand or to navigate through the countless options available in the marketplace. Yet, what is not well understood by many is that an important part of an employee’s overall competitive compensation package is a benefit plan. It is more cost- effective than a wage increase, provides much greater value to employees, and is an excellent way to attract and retain quality employees. What are the typical questions asked by employers and employees? What is the cost? The costs of employee benefits will usually average about 15%-30% of payroll, depending on the size of your organization. How do the benefits compare to a wage increase? For the same outlay of an annual wage/salary increase, the employer’s total cost for a benefit plan is lower than the total cost of the actual wage increase AND employees receive a higher monetary value from using their benefit plan than if they had to pay out of pocket (even after a wage increase!). What does a competitive employee benefit plan commonly include? See list below: • Life insurance • Health insurance (e.g., coverage for medications, chiro- practor, massage services and other paramedical specia- lists, upgraded hospital care, emergency medical travel insurance, medical equipment, vision care
PROOF ONLY - NOT FOR FINAL PRINT
PROOF ONLY - NOT FOR FINAL PRINT
PROOF ONLY - NOT FOR FINAL PRINT Dependable Business Cleaning from the Professionals you can Trust! Dependable Business Cleaning from the Professionals you can Trust!
Dependable Business Cleaning from the Professionals you can Trust!
PROOF ONLY - NOT FOR FINAL PRINT
PROOF ONLY - NOT FOR FINAL PRINT
Dependable Business Cleaning from the Professionals you can Trust!
Dependable Business Cleaning from the Professionals you can Trust!
mollymaid.ca
mollymaid.ca
mollymaid.ca
mollymaid.ca
mollymaid.ca
W 2023M024 St Thomas Office 3.85” x 6.75” 519.637.3542 st-thomas mollymaid.ca
mollymaid.ca
mollymaid.ca W 2023M024 St Thomas Office 3.85” x 6.75” 519.637.3542 W 2023M024 St Thomas Office 3.85” x 6.75” 519.637.3542 st-thomas mollymaid.ca st-thomas mollymaid.ca
st-thomas mollymaid.ca W 2023M024 St Thomas Office 3.85” x 6.75” 519.637.3542
Page 28 Hometown St. Thomas • March 2025 W 2023M024 St Thomas Office 3.85” x 6.75” 519.637.3542 st-thomas mollymaid.ca
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519.637.3542 519.637.3542
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