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Group Benefits

Employee benefits are necessary in Canada for a variety of reasons. First, they help to attract and retain top talent by providing additional compensation beyond base salary. Benefits such as health insurance, retirement plans, and paid time off can make a job more attractive to potential employees. Additionally, benefits can help to improve employee satisfaction and engagement, which can lead to increased productivity and lower turnover rates.
Another reason why employee benefits are necessary in Canada is that they can help to protect employees from financial hardship.

For example, health insurance can help employees pay for medical expenses and prescription drugs, while disability insurance can provide financial support if an employee is unable to work due to illness or injury.

Finally, employee benefits are necessary in Canada because they are legally required. Many benefits, such as vacation pay and statutory holidays, are legally mandated by the Canadian government. Employers are required to provide these benefits to their employees or face penalties.