As young people graduate from university and search for employment, one thing they tend to look for is a great benefits package. This is normally the case for all Canadians looking for employment. It is true for both full-time and part-time job seekers.
However, there are numerous reasons why employers should consider offering a benefits package for part-time staff. Outlined below are just five of the many reasons to consider Benecaid when looking to curate employee benefits plans and packages.
1. Part-time employment on the rise and slated to be even more popular in near future
With technology taking on roles that once belonged to employees, many businesses are increasingly hiring part-time workers. Artificial intelligence (AI) and similar cutting edge technologies are changing the face of employment as we know it. According to data from “The Future of Jobs,” nearly 47% of currently existing jobs are in high risk of potential automation in the coming years.
Some of the professions that will feel the impact of AI technology are cashiers, drivers, financial analysts and even construction workers.
2. Attracting quality employees
When employers offer great benefits, they are specifically attracting responsible candidates who are looking for long-term careers. There are many people who work part-time and fit these qualities, and many of them have dependable family members who rely on them. Most companies do not offer part-time benefits plans, so by choosing to be one who does, the employer would be setting his/her company apart from competitors. In other words, his/her company will be the more attractive choice to work for.
3. Employees will have incentive to stay
Ideally, once a company has attracted great staff members, benefit packages will make them think twice before leaving. When offering benefits to employees who previously did not have any, employers may unknowingly be putting a stop to their job searches because it is rare to find a company that will offer the same for part-time workers.
4. Healthier, happier employees means improved productivity
Employees with flexible Benecaid healthcare plans are able to stay healthy, happy and have more money in their pocket at the end of the month. This, in turn, will promote higher output, improve productivity, and create a more positive and constructive workplace.
5. Enrolment process is easy and streamlined
With Benecaid’s healthcare plans, creating part-time packages is simple and affordable. Employers aren’t obligated to provide part-time workers the same extent of coverage as that of full-time staff members. Benecaid offers a variety of tailored plans based on goals and budgets.
How to Offer Benefits for Part-Time Employees
The best way to set up healthcare benefits for part-time workers is to create classes or “hives.” This will categorize employees into groups and each group would get separate types of coverage that the employer chooses to provide.
Hive division is completely at the discretion of the employer. For example, some employers might class their employees into hives based on seniority. Other employers might divide their workers by salary or job role. Each hive or class will have a different benefits package.
When dealing with full- and part-time workers, employers can simply divide their employees (and benefits) by this classification as well. For example, one may choose to have only an HSA plan available for part-time workers as opposed to a full coverage healthcare plan (plus optional HSA) for more senior, full-time members.
Contact Benecaid for More Information
Providing part-time workers with health benefits is just as important as providing them for full-time employees. This can be an advantageous move for both the employer and employee, speak to a member of the Benecaid team and let’s start reviewing part-time benefit package options today!