|
Investing in your Hospitality Employees
Dear ORHMA Members,
Post pandemic the hospitality labour market has fundamentally changed for employers.
The challenge now is the severe labour shortage. There are over 1 million job postings unfulfilled in Canada right now, and 161,000 of these are in the food service and accommodation sectors, as hardest hit. The No. 1 thing on employer’s minds right now is solving that supply/demand challenge.
How do they get the talent they need? How can they retain the talent they have and ensure employees are productive and engaged at work? This environment is prompting employers to revise and redefine their employee value proposition, including their benefits and total rewards package, approach to flexible working, culture, purpose, diversity and how they help employees develop careers within the company.
When aligned with your business strategy, a well-designed combination of benefits, compensation, and retirement plans, can be a powerful motivational tool spurring the growth of your people and your business. Group Lockhart is here to help you attract and retain talented employees as well as reduce turnover costs. We are ready and able to provide you with the group benefit programs you need to be a winner in the ”Battle for Talent”.
Programs can be designed for the management team only or include all full-time employees.
ORHMA Members may participate in the program by insuring only full-time management employees, who are eligible, without any waiting period. You may also choose to insure all full-time employees who have completed six months service. Management and employees must work an average of 25 hours per week to become eligible. The pooled buying power provides competitive rates for groups of 2-500 employees.
Our group insurance plan is very tax effective for business owners and eligible staff. Company premiums are tax deductible, including RST, and are not included in employee's taxable income, except for life premiums. If the employee pays the entire premium for disability benefits that income is tax-free while the employee is claiming benefits. All other claim payments are received tax-free.
Manulife Financial, in alliance with Group Lockhart, are here to help you retain good employees and reduce turnover costs. To learn more about designing a benefit program that can increase your company's return on investment in human capital please click here for us to contact you.
| 
