Understanding this many businesses began to come around to the idea that either way they were going see higher costs associated with their payroll and expenses. Many employers spent time and effort to find alternatives to the government mandated plan in anticipation of the April 1, 2015 mandatory enrollment deadline.
In December 2014 the newly elected Liberal government announced that they would undertake an indepth review of the legislation and waive the mandatory enrolment deadline. With this news many small businesses that were well underway in the benefit plan process slammed on the brakes sighting the fact that until government forced them they were not going to spend the money to implement a health plan for employees.
With numerous studies illustrating the increased productivity, cost recovery of lost time and overall improvement of employee moral, I was stunned by the short sightedness of may small business owners.
Don't get me wrong, I can appreciate that small businesses are facing financial pressures, however, when they were being forced to enrol, they could see the value and then suddenly the costs far outweighed the benefits. I don't buy it! Small businesses let an opportunity pass them by. By engaging the services of a group benefit consultant, small business owners would see a benefit plan for what it is.
A benefit plan is not a cost, it's an investment in your people. Providing staff with access to a health and wellness program will not only improve moral but will pay dividends in the future. Healthy employees have been proven to be more productive and engaged in the work place. They will be more loyal to your company and your brand and will also take fewer sick days and leaves of absence.
If you've put off plan implementation, you should rethink why a plan was important in the first plan, cost should be secondary in the decision to build stronger employee relationships!