Benefits Benchmarking

Innovation and flexibility lead the way.

Updated: August 12, 2021

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For the last decade, the Conference Board of Canada has been providing cutting edge data about the what a comprehensive employee benefit plan looks like in Canada. Updated and improved for 2019, this report summarizes data from a survey of 217 organizations covering over 1.2 million employees across Canada.

Employee benefits benchmarking is crucial. As an HR specialist, you can evaluate your organization’s employee benefits offerings versus the competition and ensure you attract and retain the best talent, while managing your benefits costs. This report provides sound data to help mid- to large-sized employers benchmark themselves against other similar organizations.

This report explores a wide range of employer-sponsored benefits programs, including:

  • Extended health care plans
  • Vision and dental plans
  • Paramedical services offerings
  • Life and accident insurance plans
  • Health care spending accounts
  • Disability and casual absence plans
  • Legally required payments (CPP/QPP, EI, etc.)

New for 2019

Emerging Trends in Canadian Employee Benefits

The Conference Board of Canada is the leading provider of Canadian Benefits Benchmarking data. In this report, you’ll get original insights and actionable tips on these trends transforming employee benefits:

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Technology

Find out what is happing with unique and sophisticated benefits technologies such as virtual healthcare, online healthcare management, online psychotherapy, and wellness applications.

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Wellness

Organizations are also focusing on the total health of their employees beyond benefits programming. What kind of health and financial wellness perks are Canadian firms offering to reduce stress, reduce absenteeism, and increase workplace productivity?

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Cost Management

With the increasing use of biologic drugs, rare but significant costs associated with orphan drugs, and a greater focus on some important paramedical services such as psychological treatment or physiotherapy, it can be challenging for organizations to decide where to invest resources. Explore topics that focus not just on treatment, but on prevention—a high priority for organizations looking to rein in costs.

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Demographic Shifts

There are four generations of Canadians in the workplace. The Canadian healthcare system is under more pressure than ever before. Although the first wave of baby boomers are well into retirement, other members of this large generation are staying in the workforce longer—whether by choice or necessity. How does this impact your Employee Benefits strategy?

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Mental Health

With a significant push by advocates in the last decade towards making mental health a priority, and with the considerable impact mental health can have on absenteeism and presenteeism in the workplace, many organizations are choosing to focus efforts in this space. How do you your paramedical offerings compare to other Canadian organizations?

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Health Care Spending Accounts (HCSA)

In an era where flexibility is a top criterion for employees of all levels and generations, HCSAs provide broad versatility for those with individualized benefits needs. What are the benefits and risks for the employer?

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Cannabis

Explore what the legalization of recreational cannabis and medical cannabis means to your employee benefit plans.

Publications issued by The Conference Board of Canada are highly recognized by Canadian corporations, and as such this report is extremely valuable so that we can properly benchmark our plans relative to the Canadian industry.


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