Life and disability insurance is hot in workforce perks

A new study released recently found that Canadians continue to place a high value on financial protection. Some 61 % of Canadian organizations offer group term life insurance to their employees. An additional 42 % of organizations offer disability benefits to attract and retain skilled workers.

Over 2,100 payroll professionals across the country participated in the research by completing an extensive online survey, compiled by the Canadian Payroll Association. The first of its kind in Canada, the survey ranks all 39 categories of taxable employee benefits in terms of the percentage of organizations offering them.