Total Rewards: The Strategic Advantage of Benefits

Are you confident in your Total Rewards Strategy as it is today?

The Retention Reality

• 73% of employees with a benefits plan would stay with their current employer over a higher-paying offer elsewhere.

• 41% rank their health plan among the top three reasons they stay.

• 76% of workers without benefits would leave their job for one that offers better coverage.

Tax Efficiency vs. Wage Increases

• A $2,100 salary increase costs an employer $2,266 after EHT and CPP, yet delivers only $1,383 to the employee after taxes. By contrast, deploying that same $2,100 as employer-paid health and dental premium delivers the full value to the employee, as it is not considered taxable income in British Columbia.

  Operational ROI

  Robust coverage yields a healthier, more productive workforce. Employees with benefits are 20% more likely to seek necessary medical care, 25% more likely to report better overall health, and 88% more likely to access mental health resources.

  Have any Questions? Connect directly with our team to benchmark your total rewards package against the broader market.