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
Employee Benefit “Fit” within a Succession Plan
An all too common scenario. A going concern business has an interested buyer. The enterprise is valued and a deal is struck. While a significant portion (70%) of the value of the operation, the employees are never consulted or informed during the process. The new...
The Three Keys to Strategic Benefit Planning
Seldom are you ever locked into one benefit approach or plan design. In fact, you can change up your benefit plan design at any point in the year. You need not wait for the renewal. Plan design is like fuel efficiency in a vehicle or home. How your benefits are...
Make your next hire an Olympian
To reach for gold on the Olympic platform requires consistent training to purposefully improve both physically and mentally. While this sporting feat is reserved for the elite few, achieving career success gold is a wide-open field. In the beginning, some may say, it...
Consulting
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...
You’re asking…and we’re glad you do
Employee group benefit plans have a lot of moving parts, for a lot of different people. · Life Insurance · Disability · Health Care · Dental Care A typical plan will include no less than four different insurance coverages and can include more than...
Benefits
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...
Blueberries
When I was a kid, I loved “home-made” blueberries. Nature made, more like, but who has the vocabulary as a child? I soon discovered, “home-made” involved a double whammy. Enjoying an ice cream on a warm summer day created the plastic quart container that we would be...
Compensation
How to GROW a Penny
We earn. We save. We plan. We live. We spend. Then we often ask, what happened to MY money? Despite the fact that Canada stopped minting the penny on May 4th, 2012, we do know, without a doubt, that you can’t get to a dollar without watching your pennies. AND every...
There’s more to Employee Compensation than Salary
Let’s work together to build an organization that intentionally merits the gifts of creativity, passion, and initiative your employees bring with them every day. A well-designed employee group plan is the PROMISE kept from an employer to their employees. Employee...
The roll of the die
Perception in benefits can sometimes be compared to casting the die on the corporate gameboard of culture—compensation—wellness—balance. Juggling the multitude of employment, human rights and liability issues. Toss the die and land on the employee. Here you have the...
Culture
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...
Union Negotiations and Benefits
When we think of union negotiations, we think collective bargaining, involving resolving any disputes, salary, hours worked, and any policy amendments. However, it is often overlooked the value of the employee group benefit plan to the compensation bargaining chip....
The Forgotten Employees
This is a problem. Time after time, in the midst of a change in company ownership there is no effective communication strategy in place to properly transition employees. This causes, among other things: · Liability issues · Employee termination · ...
Wellness
The Principal of Honesty
Honesty is part of the human experience. We have an expectation that people will be truthful with one another in our dealings both personally and professionally. This virtue lends to a major component of our moral fiber. Not only does the practice of dishonesty erode...
Cancer Prevention: What can we do?
Cancer prevention is literally just “action taken to lower the risk of getting cancer.” This includes things like not consuming carcinogens, living a healthy lifestyle, and actively monitoring for cancer. Early detection being key to increasing the chances of...
Mental Health & EAP
The tragedy behind having an employee assistance program for employees is when they either are not aware of the coverage due to lack of effective communication, or remain too tentative to access the coverage. More than ever, employers need to approach their benefit...