Providing Employee Benefits in Grande Prairie
Workplaces that offer employee benefits in Grande Prairie can compete for the most qualified workers. The seventh largest city in Alberta had a population of 119,586 in the 2021 census. As of 2016, 78.5% of Grande Prairie residents participated in the labour force, compared to a national average of 63.9%.
Employers prioritising the needs of staff can make the most of the high levels of workforce availability in Grande Prairie. The advantages of hiring and working in the County of Grande Prairie No. 1 include low municipal tax and no provincial sales tax.
The largest employment sectors in the region are agriculture, commerce, forestry, oil and gas. Whatever the industry, HUB International broker can work with employers in "Swan City" and the surrounding Peace River Country to develop competitive benefits packages. Alberta has specific requirements for leave and other benefits that a broker is familiar with and can incorporate into packages to both comply with laws and attract talent.
Coverage To Attract and Retain Qualified Staff
Here are several approaches to offering competitive employee benefits in Grande Prairie:
- Extend Basic Coverage: Employer insurance can fill in gaps in the Alberta Medical Insurance Plan, including dental, vision and prescription drug coverage. Many workers seek out employers offering these benefits.
- Fill in Gaps: Policies that fill in coverage gaps such as paramedical coverage, paid leave or employer-sponsored retirement pensions are also popular. A HUB broker can recommend cost-effective policies for workplaces in Grande Prairie.
- Offer Voluntary Benefits: Optional benefits such as term or permanent life insurance, long-term care and wellness demonstrate the willingness of an employer to support staff. Voluntary policies enable employees to customise coverage.
Benefits Options for Alberta Employees
The right human resource management can provide access to the following types of employee benefits in Grande Prairie:
- Coverage for Paramedical Care: Dental, prescription drug and vision coverage are attractive policies for working Canadians. A HUB International insurance broker can recommend ways to make benefits packages more competitive.
- Supplement Basic Retirement Coverage: Pensions, stock ownership and profit-sharing plans help workers save for retirement. Employers should consider offering these policies to supplement Registered Retirement Savings Plans and similar programmes.
- Term or Permanent Life Insurance: Many employees want life insurance coverage. Voluntary policies can be administered alongside standard benefits.
- Occupational Injury and Illness: Supplement mandatory workers’ compensation coverage through the Alberta Workers’ Compensation Board with additional policies. Providing more coverage for incidents that can impact job performance gives employees more peace of mind.
- Wellness Programmes for Employees: Employers that promote wellness can offer discounts on products and services to encourage healthy lifestyles. Programmes geared toward long-term health can also have a positive impact on retention.
Employers should assess the coverage needs and preferences of current employees and strive to meet the needs of workers at every stage of life. According to the 2021 census, 69% of the population of Grande Prairie is in the range of 15 to 64 years of age. A HUB broker can identify cost-effective ways to offer all employees the most complete level of coverage.
Competitive Employee Benefits In Grande Prairie
Companies and organisations that offer employee benefits in Grande Prairie may have an easier time hiring and retaining qualified staff. A HUB International insurance broker can recommend policies that make employers based in northwest Alberta stand out as great places to work.