Canada is known for its diversity and inclusion; a population so varied and multi-faceted. A heterogenous mix of languages, cultures, and attitudes. As a result, we are seeing a growing labour force which is quickly evolving and changing. As we continue to attract top talent from all corners of the globe there is a growing responsibility to implement diversity and inclusion within the employee benefits spectrum.
A vision for inclusivity
Employers need to be more cognizant of the diverse needs of their employees. From hiring, to parental leave, to pay equity, business practices have been evolving to keep up with the changes in the workforce. But what about another crucial element of compensation – benefits? Offering a one-size-fits-all employee health plan is an outdated solution. And the troublesome truth is that it’s still the norm!
How to implement meaningful change
Be prepared to offer flexibility. Offering your employees options puts them in the driver seat. It allows them to pick and choose which benefits pertain to their own unique needs and life circumstances. And believe it or not, it actually saves you money.
Saving money! How?
Don’t get us wrong, flexibility can come with a pretty hefty price tag. But that’s flexibility done wrong. A knowledgeable benefits advisor will be able to identify the areas of your plan with needless expenditures. Offering everything to everyone doesn’t necessarily add value in a cost-effective way. Rather, true flexibility means customizing a plan that suits the diverse needs of your employees.
What else is in it for you?
By getting to know and understand your diverse workforce you’ll also be able to…
- Increase employee engagement
- Shape the way your organization runs
- Manage how your brand is perceived
- Enhance your organization's ability to acquire new talent
Having a diverse workforce is an asset that you’ll want to protect. It’s important for your employees to know that inclusivity is a big part of company culture. Offering a flexible employee health plan and listening to their feedback is a great way to demonstrate your commitment to them.
1. Diversity and inclusion in Canada: The current state. Deloitte Canada. Retrieved on May 17, 2019 from https://www2.deloitte.com/content/dam/Deloitte/ca/Documents/human-capital/ca-en-human-capital-diversity-and-Inclusion-in-canada.pdf
2. How to use benefits to support diversity and inclusion. Benefits Canada. Retrieved on May 17, 2019 from https://www.benefitscanada.com/benefits/health-benefits/how-to-use-benefits-to-support-diversity-and-inclusion-119365