A Blue Cross survey found employees working at small businesses in Manitoba preferred having health benefits to a $25,000 raise.
Employees who work at small businesses across Canada would rather have more or better benefits than extra money in their pocket, a new survey from Blue Cross suggests.
A 2022 poll conducted by the insurance provider shows 76 per cent of respondents across Canada would leave their current jobs in favour of one with a benefit plan, and 73 per cent would stay at a job with benefits even if it meant making more money elsewhere.“We are seeing that not only do benefits help increase retention and attraction for employees to an organization, but it impacts the loyalty and the overall morale.
The online survey fielded 2,086 small business decision-makers and employees which found a majority of them see a benefits plan as being important to their overall health and well-being.The survey found one in eight small businesses were losing employees to workplaces which offered a more comprehensive benefits plan.
Klimack said the pandemic not only shifted employees’ mindsets to prioritize their overall wellness, but the job market is more competitive. “That’s a really, really important way that employers can get employees in the door and have them stay. And not to mention it’s a tax-effective way to increase their compensation,” she said, adding some businesses can’t afford not to include benefits in their job offers.
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