Offering benefit plans to employees is like building a strong foundation for a house. In Ontario’s construction industry, providing health benefits and retirement savings plans helps keep workers happy and loyal.
Why Are Benefits Important?
Many workers look for jobs that offer good benefits. In Canada, 84% of companies offer extra benefits to attract employees.
These benefits can include health insurance, dental care, and retirement savings plans.
How Do Benefits Help Keep Workers?
When workers feel cared for, they are more likely to stay with their employer. A survey found that 88% of employers with pension plans believe these help keep employees.
This means that offering benefits can reduce the number of workers leaving for other jobs.
What Benefits Matter Most?
Workers value certain benefits highly. A study showed that 81.9% of employees think basic dental services are essential, and 73% value pension and retirement savings plans.
Providing these benefits can make a company more attractive to current and potential workers.
How Can OCIBP Help?
The Ontario Construction Industry Benefit Plan (OCIBP) offers benefit packages tailored for construction companies. These plans can be customized to fit the needs of businesses and their workers.
Conclusion
Offering benefit plans is a smart way to build a loyal and satisfied workforce. In the construction industry, where skilled workers are essential, providing health and retirement benefits can make all the difference.
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