A complete guide on Work perks in Canada

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What are Employee perks?

Employee perks are a great way to keep your employees happy and motivated. Some common employee perks include health insurance, paid vacation days, and 401k plans. Other perks can include free food or drink at work, gym memberships, and tuition reimbursement. Employees who feel appreciated and valued are more likely to stay with a company for longer, so it’s important to offer perks that will make your employees happy.

Why companies in Canada offer work perks?

There are several reasons why companies in Canada offer work perks. First of all, it helps to attract and retain employees. If a company offers good perks, employees are more likely to stay with the company for a longer period of time. Additionally, work perks can improve employee morale and motivation. When employees feel appreciated and valued, they are more likely to be productive and engaged in their work. Finally, work perks can help to create a positive work environment. When employees feel happy and supported, they are more likely to enjoy coming to work each day.

What are the top employee perks’ offered in Canada?

As an employer, one of the best ways to attract and retain top talent is to offer competitive perks and benefits. According to a recent study, some of the top employee perks offered in Canada include health and wellness programs, flexible work arrangements, and professional development opportunities.
Health and wellness programs are becoming increasingly popular as employers look for ways to promote a healthy work-life balance for their employees. These programs can include anything from on-site fitness facilities and yoga classes to health insurance subsidies and mental health support services.

Flexible work arrangements are also becoming more common, as they allow employees to better manage their time and responsibilities outside of work. Some popular flexible work arrangement options include telecommuting, flex hours, and compressed work weeks.

Finally, professional development opportunities are a great way to help employees further their careers while also benefiting the company. Some examples of professional development opportunities include tuition reimbursement, mentorship programs, and paid internships.

Top employee benefits providers in Canada

MantraCare is a leading provider of employee benefits provider in Canada. They offer multiple perks for employees such as EAP, Stepathlon, Corporate Yoga, Physical therapy, chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.

Aon Hewitt is a leading provider of benefits and HR services. They have a wide range of products and services, including health and wellness, retirement, and financial planning.

Sun Life is one of the largest insurance companies in the world. They offer a variety of employee benefits products, including group health insurance, dental insurance, and life insurance.

Cost of Employee Perks in Canada

The cost of an Employee perks will vary depending on the provider, the size of the company, and the services offered.

In Canada, the average cost of employee perks is $2,650 per year. This includes things like health and dental insurance, which have an average cost of $1,440 per year. Retirement savings plans have an average cost of $290 per year, while paid vacation days cost employers an average of $520 per year.

MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.

Try MantraCare Wellness Program free