MP Benefits Perspective
Since 2001, MP Benefits Inc. has operated as an independent group benefit consultant, specializing in designing strategic employee group benefit plans to align with the corporate, compensation, culture, and wellness policies of each corporation.
Productivity
Getting the job done [the Blue Jays example]
Business owners know, just showing up doesn’t create the traction necessary to move companies to the next level. All systems have to be aligned, people positioned in the correct roles and the team focused, clearly understanding the processes to achieve the goals. For...
Three Reasons to Align Your Benefit Plan
IF…a company is only as successful as its people… THEN…aligning benefits to: 1. Productivity 2. Safety 3. Compensation Becomes a no brainer to: 1. Reduce turnover, attract and retain top talent 2. Improve company culture 3. Increase performance...
The Golden Thread to Legacy Preservation
Here are the headlines: · 70% —to— 90% of transitioned businesses FAIL within 3 years due to lack of “People” plan. · The key to people retention is a solid communication strategy, combined with a well-structured benefit plan. · This then creates the...
Consulting
The “Just-in-Time” Benefit Library is Here
Daily, as a plan administrator, you juggle many tasks. Imagine, you’re right in the middle of a project, focused on the outcome. Then, a staff member knocks on the door with a question pertaining to the benefit plan. It’s an interesting question, but you don’t know...
Benefits and Payroll
Regardless of the plan, the favourable taxation is the leading advantage for implementing a flexible employee group benefit: · 100% corporate tax deduction · Non-taxable to employees at the time of claim However, for certain insurance lines, this requires...
What Motivates Insurance Fraud
Don’t be duped into thinking you can “spot” someone who will commit insurance fraud. The players are as vast and divergent as snowflakes on a winter’s day. In employee group benefits alone, the annual toll of theft is in the billions of dollars with 3-10% of claim...
Benefits
Using the “Ass-U-Me” method for Benefits
Here’s the usual scenario, employees in an organization want a benefit plan. The employer calls someone who does a market study of available plans with the goal of the least costing program being the winner. The plan is placed and here we have the first...
Strategic Benefits START with Clarity
As in every other aspect of the corporation, a strategic benefit plan requires thought and significant consideration. A flexible health plan is not a “checked box” looked at once in a while to ensure it operates within fiscal and budget constraints. Employee group...
People FIRST Organizational Disconnect
Everyone wants to work for a “people-first” organization. Who wouldn’t? These are companies who clearly understand that their people and the culture they create means positive results for work satisfaction and revenue growth. According to recent surveys and studies...
Compensation
Don’t Silo Your Benefits?
Considering the company benefit plan as a stand-alone, checked box, set it and leave it plan is like planning a road trip and not ensuring the tires are up to the journey. Yes, the tires are their own entity, but they are also a strategic part of the whole vehicle....
When we get to “why” are we forgetting the value of other questions?
I can pull a help wanted ad from just about anywhere geographically in Canada, doing any occupation and I am going to see the title “Benefits”. The salary is listed within a range and the benefits are normally listed in point form or use the terms like “competitive”...
Group LTD Reminders
Once we are no longer “dependent”, income is the foundation of the lifestyle not just for the “now” but for the future. That’s one of the main reasons we work—to provide for the things we need and want. (Personal fulfillment, engagement, etc. are the subjects of other...
Culture
Benefits to reduce/prevent onsite/worksite injuries
What if we could stop the cycle of lost productivity time due to accident and injury through strategic preventative planning? We believe utilizing your benefit plan in a pro-active manner tied to productivity and safety results that we can. Consider the typical cycle...
On the menu Chicken and Benefits
It’s not a question of what came first the chicken or the egg, or even why the chicken crossed the road, the real question is how the chicken is used in a meal. Consider one grain fed, naturally bred chicken bound for the table. The carcass is cut in half and sold...
Christmas Parties
According to CCT Venues, while target based rewards give recognition to individual employees/ teams, a Christmas party rewards the whole firm and helps staff to feel like they are part of a 'family'. Studies suggest reinforcing a "caring" culture will further engage...
Wellness
Is your corporate health benefit plan reactive or preventative?
Many employers don’t realize through effective flexible benefit education, they can encourage employees to utilize their plan in a more preventative, health way, rather than reactively, which will in turn, save them money on the premiums over the long run. The numbers...
It doesn’t matter until matters
Why do we write so much about non-evidence maximums (NEM) on employee group benefit plans? Because these heart-wrenching e-mails usually accompany a disability claim. “… is unable to return to work and his LTD is not sufficient, is there any way he can update his...
Employee Mental Health Programs
This is a guest blog post from Benefits by Design (BBD) Inc. We're on a mission to help working Canadians promote and protect their health. wealth, and happiness, by delivering benefits by design. Employee mental health has been a hot topic since before the pandemic,...