Innovative Employee Benefits in Quebec City for Forward-Thinking Companies
In 2021, Quebec had the second-lowest unemployment rate of any Canadian province or territory at 6.1%. As of October 2022, the provincial unemployment rate was even lower at 4.1%. With so many opportunities available to workers, we know that you need to offer excellent employee benefits in Quebec City to attract new talent and retain the employees you have.
When it comes to industry, we understand that Quebec City is a forward-thinking community. Over the past 10 years, 40% of the new jobs created are knowledge-based. Key industries include the following:
- Electronics, fueling technological innovations in a number of fields
- Food and nutrition, with an emphasis on organic offerings
- Green and smart building, focusing on ecological responsibility and online accessibility
- Life sciences and health technologies, helping Canadians and people around the world live better and longer
Employee Benefits in Quebec City for a Diverse Workforce
Though unique from one another, one thing that Quebec City's industries all have in common is that each is committed to cultivating diversity. Therefore, you need to offer your employees benefits that you can customize to adapt to their needs.
For example, Quebec City is an educated community; from 2012 to 2014, it ranked as one of the smartest cities in the world. In 2018, it had the highest gross domestic product in Quebec and ranked seventh among cities across Canada, meaning that it is a prosperous community. In the same year, Point2home ranked Quebec City as the most attractive city in Canada for millennials. In particular, the unemployment rate is lowest for women aged at least 25 years old.
Employee Benefits in Quebec City Available From Hub International
We work with you to tailor our products to the scope and scale that you need. The result is a comprehensive employee benefits strategy to last for multiple years. Here are some specific examples of the products and services we offer:
- Individual Benefits: With so many employment opportunities available, retaining your workers requires that you offer unique benefits that are relevant to employees' lives. On the other hand, you also need to keep costs down. We offer individual benefits such as accidental death and dismemberment, travel health insurance, individual life insurance and pet health insurance. These are either available on an employee-pay-all basis, or your company can partially fund them.
- Executive Benefits: While all your workers are important, you particularly need people you can trust in positions of authority. With the responsibility of an executive position typically comes unique perks. You can provide incentives for your most trusted executives by offering them exclusive benefits such as critical illness insurance, business travel insurance and enhanced health and dental coverage.
- Pharmacy Benefit Management: Though many people around the world admire Canada's health care system, Canadians pay some of the highest prices for drugs. Of the $33 billion Canadian spent on prescription drugs in 2018, individuals and private companies paid more than half. Our benefits broker can explain the underlying cost drivers to you and review your drug plan. We help you support your employees while protecting your bottom line.
- Support for Employee Health and Performance: When you make the health and wellness of your employees a priority, you encourage higher performance. We help you lay the foundation for an organization-wide culture that promotes an understanding of how mental health and physical health affect each other and provides support for both.