Ask an expert: Is your benefits plan keeping pace with our rapidly evolving world?

COVID-19 has created an unprecedented disruption in business worldwide

Ask an expert: Is your benefits plan keeping pace with our rapidly evolving world?

COVID-19 has created an unprecedented disruption in business worldwide. Financial uncertainty, unpredictable working conditions and health concerns are building stress within the workforce, and impacting organizational goals. The connection between employee wellbeing and organizational wellbeing has never been more apparent — or more important.

Organizations that understand the connection between employee wellbeing and organizational wellbeing are well-equipped to assess and address both the immediate challenges and longer-term impact of this crisis. To help your people engage in their work and invest in your organization’s success means investing in them — with benefits and HR programs that support their health, talent, financial security and career growth — all at a sustainable cost structure.

Ask yourself -–have your business, HR and benefits strategies evolved to best engage your employees during these quickly changing times?

HRD Canada spoke to experts from Gallagher, one of the leading benefit consulting firms in Canada, who explained why staying ahead of the curve is so important in today’s challenging world. 

“Companies are changing rapidly, especially in light of this unprecedented pandemic – and their HR teams are facing unique challenges regarding their benefit plans,” explained Mike Macoun of Gallagher.

There’s a real desire from HR for their benefit plans to be innovative, holistic, and equipped to handle the unexpected. This is where Gallagher comes in. We’re offering a virtual audit of your current benefits and HR strategy, with a CEBS-certified consultant, looking at the current market trends and sector specific insight.

The virtual consultation with an industry expert provides an invaluable opportunity for your organization to gain greater insight into industry and market best practices. After understanding your company’s plan philosophy and objectives, they will walk you through your current benefits program and help you to understand how it compares to the market.

If your benefits and HR plans aren’t evolving as quickly to meet the demands of today’s challenges, you may be fighting a losing battle for engagement, retention and productivity.

Download Gallagher’s helpful advice on organizational success in COVID-19 here. To sign up for your virtual consultation session, please email Mike_Macoun@ajg.com

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