Canadian Handbook of Flexible Benefits

Today’s diverse workforce demands flexibility – and with a labour shortage, employers are realizing that a “one size fits all” approach to employee benefits is no longer appropriate.

In addition, dramatically increasing health care costs and decreased government funding mean that employers are being asked to pick up more of the health care tab. The challenge is to find a way to contain costs without risking employee satisfaction. The solution? Flexible benefit programs.

Now in a new third edition, Canadian Handbook of Flexible Benefits offers everything organizations need to know about designing, implementing, communicating, and administering a successful flexible benefits program. A broader focus from previous editions makes the 2007 Handbook equally relevant to employers introducing a new plan and those looking for insight and direction on maintaining an existing program.

This edition answers the question “What’s new in flex?” and includes up-to-date information on:

·         the expansion in the range of flexible programs in the last decade, from simplified to total compensation designs;

·         incorporating the numerous innovations  in health care cost management into a flexible program;

·         legal aspects of flexible benefits, including the latest word from Canada Revenue Agency on converting taxable performance bonuses to pretax benefits;

·         administration alternatives, including outsourcing, co-sourcing and multi-process outsourcing;

Completely new material covering:

·         retiree flexible benefit programs,

·         maintaining and revitalizing an existing plan

·         flex for executives,

·         special considerations for specific provinces,

·         case studies of companies that have successfully implemented flexible benefits, and

·         Flexible benefit developments in eight countries on five continents.

This comprehensive guide is essential reading for all Canadian employers waging the war for talent in a tight labour market.  
                                                                               
About the author

Robert McKay, Editor, is an actuary and principal with Hewitt Associates, a global human resources services company. He has designed and implemented flexible benefits programs for a wide variety of employers in both Canada and the US. He is a frequent speaker on the topic of flexible benefits and is acknowledged as Canada’s leading practitioner in the field.

About Hewitt Associates
With more than 65 years of experience, Hewitt Associates (NYSE: HEW) is the world’s foremost provider of human resources outsourcing and consulting services.  The company consults with more than 2,300 organizations and administers human resources, health care, payroll and retirement programs on behalf of more than 340 companies to millions of employees and retirees worldwide.  Located in 33 countries, including Canadian offices in Toronto, Montreal, Vancouver, Calgary and Regina, Hewitt employs approximately 24,000 associates.  For more information, please visit www.hewitt.com.

For more information, to request a review copy or to interview the author, please contact me at the number below, or via email.

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