How Enrolling in The Chambers of Commerce Group Insurance Plan Can Attract New Employees and Retain Current Staff
Being a human resource professional for a small to medium-sized business presents both many challenges and rewarding opportunities. You understand firsthand the importance of your employees and the value they bring each day to the growth of your business. Attracting and retaining the right employees is essential to any Toronto business and providing a strong group benefits package is an excellent tool for achieving this goal.
Competition can be strong, and the right talent can be hard to come by. As an HR professional, you know that many employees expect a potential employer to offer some form of healthcare coverage as part of a compensation package. A recent study found that 77 percent of people wouldn’t transition to a new job if it didn’t offer an employee benefit’s plan. The Chambers of Commerce Group Insurance Plan is an excellent option for any small to medium-sized business wanting to provide a comprehensive benefits package to employees.
There are over 34,000 Toronto and area firms that are currently covered under The Chambers of Commerce Group Insurance Plan. These companies represent a wide range of industries and they have teams that range from a single employee upwards to 100. The plan has been protecting employees for over 40 years with a wide range of benefits including Health and Dental insurance. Throughout the plan’s history, it has earned a reputation for providing a diverse range of coverage and excellent value and customer service.
Any firm can enroll in the Chambers of Commerce Group Insurance Plan, there are no industry restrictions. In addition, to providing healthcare coverage, plan members also have access to excellent business resources and networking opportunities. With so many members, a large claim made by one of your employees will have little to no effect on your plan’s future cost.
Built with the small business in mind, the Chambers of Commerce Group Insurance Plan is very easy to manage electronically. The plan’s my-benefits platform is a full online administration tool that is easy for any human resource professional to utilize. With the online tool, you can do everything needed to manage your benefits plan including calculating deductions, enrolling and exiting employees, managing payroll deductions and much more. In fact those firms also using Payworks may be able to use a full two way integration between payroll and benefits, an industry first.
Employees will have access to the my-benefits platform to manage their own plan information, claims history, and literature. All resources can the accessed with only a couple of clicks or a mouse or tap of a finger. The platform even allows employees the ability to easily submit claims and see when they are eligible for their next check-up. Empowering employees to manage their own coverage allows for a more engaged staff and frees up time for human resource professionals such as yourself. Claims usually take up to 48 hours to process and funds are transferred to the member’s bank account electronically. The my-benefits platform was recently upgraded to include a mobile application that offers even more convenience and connectivity.
The Chambers of Commerce Group Insurance Plan is designed to be diverse, providing the coverage that your employees and their families need and deserve. Some typical benefits include:
- Prescription costs
- Comprehensive Short and Long-Term Disability Options
- Life Insurance for Employees and Dependents
- Critical illness coverage
- Semi-private hospital stays
- Nursing care
- Medical appliances
- Emergency medical assistance
- Out of Country program
- Pay direct drug card
- *Optional:Vision care
- Dental Exams
- Dental Restoration Procedures
- Periodontal services
- Endodontic services
- Healthcare Spending Accounts
- Wellness Programs
The Chambers of Commerce Group Insurance Plan is built with the small and medium-sized business in mind. As a Toronto insurance broker, we’ve been able to help Toronto firms such as your company access coverage traditionally reserved only for large corporations. We’ll find a Commerce Plan that works with your goals and budget, designed to suit the needs of your staff. Learn more by speaking with one of our Toronto insurance advisors today.