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
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Consulting
The Grass is always greener? Maybe … Maybe Not.
Where’s the empirical data which shows the savings over the long term? Spring is in the air and we’re seeing new growth everywhere. A brightness after those long grey months of winter. With the change of season, so too comes the look on the other side of the fence...
Sometimes Benefits + Employees = Legal Liabilities
Being prepared in advance is often the key mitigator Without proper forethought and effective policies in place, it only takes one incident to really put a business in jeopardy both financially and loss of reputation (and therefore their customer base). ARAG Legal...
Knowledge Transfer
Goes around, comes around… Effective communication is not a “soft” skill, but an absolute must in all areas of business. From pitching our product or service to potential customers, to working with centres of influence, to building a referral network, hiring staff and...
Benefits
What’s the financial impact of the benefit plan to the employees?
Reviewing the numbers When evaluating claims usage on a benefit package, has your consultant ever measured the difference between what has been submitted, compared to what was actually eligible under the terms of the benefit coverage contract, and then to finally what...
The Benefit Volley
Is this also known as “pass the buck”? We seem to have developed an unhealthy methodology in the benefits world…pass the claim. There are multiple levels to choose from: Level one: An employer doesn’t offer a benefit plan to the employee, or limits coverage to...
The Value of a Thorough Analysis
Just how do employers know their benefit plan has the financial integrity to not be taken advantage of via fraud or other forms of mismanagement? While some organization will hire outside practitioners to complete a full financial audit of all of their benefits,...
Compensation
Value Policy
In the Policy Like any contract, the policy for an employee group benefit plan is a long and complicated documents complete with clauses aimed to provide an answer for just about any foreseeable question. The benefit booklet, by contract, is a summarized version of...
The VALUE of benefits to an Employee
It’s easy to assume most employees know there’s more to their total compensation than the wage received. However, unless employers take the time to itemize and more importantly promote the “actual” perks to employment, they may be missing out on a valuable morale...
Judgement
By all accounts she wasn’t a well liked employee—even after her death. Her husband even less so. She died by suicide. The owner and advisor at the time determined no life insurance would be payable. No claim submitted…done. Not so fast. Employee benefit plans have no...
Culture
Complimentary Water?
Service levels in a turbulent time We are all fully aware of the endless mandates and constraints being levied upon every enterprise, especially those in the service and travel industries; however, service to customers is more important—yet lacking—than ever before. ...
Culture and Leadership Lessons from Ernest Shackleton (1914-1917)
The “Endurance” to see the big picture. You’re back in time, the world is on the cusp of war and you’re tasked with recruiting and hiring for the Antarctic expedition with Ernest Shackleton. The goal is to establish a base on Antarctica’s Weddell Sea coast. These are...
The Customer Journey
Fear is a liar. A great friend said that recently and the words struck with profound emphasis. How true. Fear will hold us back. Fear will erode our confidence. Fear will make us think small and resist making the changes necessary to grow, expand, and prosper. In...
Wellness
CoronaVirus and your benefit plan
COVID-19 is a concern. Each of us, as business owner's must institute appropriate protocols for ensuring business continues, while maintaining the safety of our most value asset--our employees. The information shared in this newsletter is as up-to-date as the...
In Pursuit of Time
Or are we? After attending several conferences in the last year or more where the topic of conversation has focused on Artificial Intelligence and how it will “save” time, energy, and effort, create work proficiency and thereby allow for more work-life balance, I...
Fundamentals
The purpose of insurance is for risk mitigation—risk of loss of life—risk of loss of income—risk of a catastrophic event. Group insurance provides mass protection against these financial hazards and is designed to insure classes of persons rather than specific...