The Value Of Employee Benefits

employee benefits by ly siu consulting

Why Should You Consider Offering Benefits To Your Employees?

As a small business owner, you understand how important your employees are to you. The company wouldn’t be where it is without them. Simply put, employees can make or break the company.

Besides wanting to treat your employees well and making sure they have everything they need to do the best job they can, you want them in good health. Employee benefits are the only way you will be able to ensure and enforce that your employees maintain the best of health.

This can be even more critical if your employees are operating machinery and vehicles or performing any task that could potentially put themselves or others at risk.

Employee benefits plans have numerous advantages:

  • Attract and retain high-quality employees; studies show better compensation and benefits is the number one reason candidates cite for accepting a job.
  • Creates a healthy culture; having healthy employees’ results in increased productivity and reduced absenteeism. This mitigates some of the cost of providing the benefits plan.
  • Tax Deduction; they are a tax efficient way to increase a compensation package for both employee and the employer.
  • Cost Effective protection for employees and their families; there are no requirements to pay into CPP or EI and the employee gets tax free medical benefits.
  • Increased morale; it helps establishes the company policy on health and sickness, employees feel that their well being matters.
  • And last but not least… Employees value employee benefits! For some people it can mean the difference in whether or not they or their child can get something like braces or glasses.

Today, top employees demand a comprehensive health insurance plan.  In fact, in a 2016 Canada health survey, 77% of respondents say they wouldn’t move to a job that didn’t include some health benefits.

As an employer that gives some solid reasoning as to why you should implement benefits (if you don’t offer them already). Employees are looking for a company that takes care of them and their needs, just as much as employers are looking for someone who takes care of the company and puts their best foot forward every day.

Employee benefits are just another reminder that you give what you get. In life and business it is doing things differently or better than everyone else that sets you apart. The truth of employee benefits is that offering them at all can help you rise above the competition when it comes to recruiting your next star employee.

Ly Siu

I am a dedicated, proven professional with more than 20 years of Benefits and Human Resources experience in both the private and public sector.  I will provide you and your employees with a customized and cost-effective benefit plan that gives you the greatest value, while meeting your organizational goals and budgets. My most important objective is to save you TIME and MONEY – so you can focus on managing your business operations.

5 Languages of Appreciation (Adapted from the 5 Languages of Love)

Have you heard of the five languages of love? You know, how to show that heartfelt deep commitment to the ones your love. Now, lets put a business spin on that. Did you know there are also five languages of appreciation?

One quote from Clemens Rettich is, “If every single day is not customer appreciation day you may as well close your doors.” Sounds exhausting, right? More so because as we know, good businesses treat their customers well but better businesses also treat their employees – and suppliers – well.

The subject  of appreciation came up in our B4B Low Town Round Table a few weeks ago and a guest shared this list. I have pulled it off www.appreciationatwork.com, the website of Drs Paul White & Gary Chapman.

This list might apply more to the workplace than customers, though I certainly give customers a hug, a coffee or lunch, help out with a silent auction item, high fives in public.

Here’s the list; how can you make it work for you?

The language of physical touch:

  • Spontaneous, celebratory displays (high five’s, fist bumps, a pat on the back)

Quality time:

  • Stop by to see how they’re doing. Spend a few minutes just chatting and checking in
  • “Hanging out” together with colleagues, working on tasks together collegially, having coffee or lunch together
  • Having different types of experiences together to deepen relationships

Acts of service:

  • Ask if the other person wants assistance, if they need anything done
  • Do the service in the way the recipient wants it done

Verbal praise:

  • Words of affirmation communicated in front of others
  • Tell them, “I’m glad you are part of the team.”
  • Written communication through hand written notes, email, texting
  • Write a Thank You email; “I just wanted to let you know …; “It is really helpful to me when you ….”

Tangible gifts:

  • Less about the “thing” and more about reflecting that the giver knows what is important or valued by the recipient
  • The financial value doesn’t matter; can be as small as a card or a single flower

Try one of these great methods of appreciation in the workplace, be it with a co-worker or a customer! Leave a comment to let us know how it worked out!

Suzanne Heron

At Blue Heron Arts we offer a wide range of Art projects and services to connect you and your clients to the places you both love. Suzanne Heron produces her own work of southern Vancouver Island, and partners with artists in other areas, to create calendars, cards and prints that resonate deeply as images of home.