Good benefit plan design and management drives business success

Too often employers cost cut benefits without understanding impact of decision
By Laura Mensch
|Canadian Payroll Reporter|Last Updated: 09/30/2011

Benefits plans are a valuable component of a company’s overall payroll and HR strategy. A competitive benefits program can be a powerful attraction and retention tool.

Employees continue to report they would choose to keep their benefits over salary increases of $10,000 or more according to 2009 and 2011 surveys done by sanofi-aventis.

However, many companies facing typical double digit premium increases are finding it difficult to maintain meaningful, affordable coverage.