HFG September 2023 Newsletter
Avoid retention landmines caused by employee financial stress - LIVE WEBINAR NEXT WEEK - Improving employee financial health
Financial wellness is no longer a "nice-to-have" option. Financially-stressed employees are 2x times as likely to be looking for a new job. It's a retention landmine, but it doesn’t have to be that way!   
It can cost between 150% and 400% of an annual salary to replace mid-level to high-level employees, so turnover can be a fiscal nightmare for any company, especially when costs are already so high. Employees leaving the company can also lower the morale of the entire group, especially if a few people are leaving at a time, or turnover is becoming more frequent.  
More than half of employees are likely to be interested in leaving their current employer for one who cares about their financial health; it’s even worse for those who are stressed out by their finances. According to PwC, 73% of financially stressed employees say they would be attracted to another employer that cares more about their financial well-being compared to just 54% of non-financially stressed employees.

September 27, 2023, at 11am 
and learn strategies that will help your employees and the business.

Who should attend? ⭐ HR professionals ⭐ Leaders ⭐ Managers ⭐ Business owners
Invest in your employees’ well-being with a Chambers Plan Lifestyle Spending Account (LSA)
 A Lifestyle Spending Account (LSA) is a great way to support work-life balance for your employees’ unique needs, like a gym membership, daycare or even pet costs. For employers, promoting a healthy, fulfilling lifestyle is a great way to foster loyalty and retain your people.
Modern solutions for your HR team and people leaders: your must-have feature checklist
So… you’re on the hunt for a better solution for managing recruitment, payroll, your people’s onboarding experience, time off and schedules? You may be overwhelmed by the number of options out there, not to mention all the things you need to remember to ensure your people are paid accurately and on time.
Plan News & Resources
Personal Benefits for Extra Coverage

Employee benefits can protect employees against the financial impact of many medical and mental health issues. However, group plans are designed to address the most common needs of the business’s employees, not necessarily all the unique needs of each individual.

Chambers Plan members can personalize their protection by increasing or adding new types of coverage with Personal Benefits. It’s the perfect choice for people who want to top up coverage, get coverage for unique life circumstances or smooth a path to retirement.

Chambers Plan members can purchase Personal Benefits at group rates, rather than having to pay higher individual rates with another carrier. As a bonus, Personal Benefits are portable, so even if an employee’s Chambers Plan is cancelled or they leave the company, their Personal Benefits coverage remains in place.
Recently hired a new employee? Add them quickly and easily using online enrolment, found on my-benefits.ca. Just fill out the Employer sections, have the employee complete their section, and submit! 
Hynek Financial Group
5500 North Service Road, Suite 209, Burlington, ON  L7L 6W6
PH: (905) 319-9999
Email: info@hfgb.ca