Employers happy with flexible benefits plans

Survey shows majority are pleased with plans, 93 per cent of organizations said they will implement flex plans in the future
By
|hrreporter.com|Last Updated: 11/06/2002

Flexible benefit programs are catching on in Canada, and the vast majority of employers are pleased with their decision to implement such programs, according to a new study.

The study found that flexible benefits programs are more prevalent now than they were four years ago. More than half (56 per cent) of the 136 companies responding to the survey either already offered or are planning to offer flexible benefits to their employees within the next two years. Only seven per cent claimed to have no interest in offering flexible benefits, a significant decrease from the 28 per cent reported four years ago.

“The results of our study confirm that flexible benefits plans are more popular than ever in Canada,” said Cathy O’Bright, a benefits consultant in the Calgary office of Hewitt Associates. “Employees want options when it comes to choosing their benefits and Canadian employers are doing whatever they can to meet this need.”