Offering your employees a comprehensive benefits package is a great way to reduce the amount of turnover in your workplace, and it also helps to boost the morale of your employees. The process of building a benefits package can be a daunting task at times. This is especially true if you are working on a strict budget.
As a business owner, it is important to learn about the benefits that you can offer your employees without having to spend a fortune. This is where the Canada Savings Bonds Payroll Savings Programs come in handy. This program can help your employees save money by automatically deducting money from their check.This doesn’t actually cost your business a dime.
If you offer this savings package, you will be pleased to find out that it is not only affordable and free of risk, but it is also very convenient for both you and your employees.Employees can put in as little as just a couple dollars a week and still enjoy the benefits of being able to save. Their investments are free of risk, because they are fully guaranteed by the Canadian government. As for convenience, there is no need to visit a bank or fill out paperwork because everything can be completed online.
Employers should definitely consider offering this benefit because it is:
- Easy to use – All important information regarding this program will be provided to the employers. This means that they don’t have to put out any extra effort in order to offer it. It is also easily managed by the employee, which means that employers don’t have to do much to put it into effect.
- Appreciated – Employees will generally appreciate having a way to save money. They will be able to work toward creating a savings account, while learning new ways to save money.
- Free – That’s right! This benefit is completely free for the employers. That means you can offer them something that doesn’t cost you anything.
If this is a program that you might find beneficial, then you will definitely want to learn more about how to get started with it.