Why every business owner should consider a Split Dollar Insurance Policy

If you own your own business, over time two things are likely:
1. At some point, you will need to purchase life insurance for yourself
2. A Split Dollar Insurance Policy will be the smartest way to do so

The best way to understand the advantages of a Split Dollar Policy is to understand how it is paid for, in comparison to a Traditional Policy.

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Five Inexpensive Ways to Improve Employee Engagement

As the quest continues for HR professionals to tackle the issue of disengagement in the workplace, companies around the world remain at a loss for reaching their maximum potential. Of the millions of employees in the Canadian and U.S. workforce, only 29% are reportedly engaged at work. In spite of this widespread dilemma, many employers are still failing to implement effective engagement strategies, and it is collectively costing them billions per year.

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360 Degree Feedback. Wondering Where to Start?

As your company grows and becomes far more interconnected, reviewing your employee’s individual performance rarely occurs in isolation. In order to have a better understanding of their capacity, it is necessary to obtain insights from the stakeholders they tend to interact with on a regular basis. 360-degree feedback survey as a performance and growth assessment tool has been widely used for quite some time. The data collected from these anonymous reviews not only serve as metrics for long-term growth but also provide a deeper insight into what truly makes your employees happy, satisfied and engaged.

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How 2017 Employment Insurance Changes Will Affect Your Group Benefits Plan

The Canada Employment Insurance Commission has recently confirmed the 2017 EI premium rates. So, how will that impact your organizations’ plan? Well, let’s start with the numbers:

The employee premium rate will decrease to $1.63 (from $1.88) per $100 of insurance earnings. The maximum employee contribution will also decrease to $836.19 from $955.04 in 2016. Meanwhile, the new employer premium rate is lower at 1.4X the employee rate and the maximum employer contribution will decrease accordingly.

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How to Maximize Your Existing Health Benefits During Winter

Things can no doubt be very stressful in the winter months. The good news is your employees can keep healthy amidst all the stress associated with the season without the risk of raising your company’s plan rates.

Here is a simple list that you can forward to your employees to maximize their existing health benefits during the coldest months of the year.

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