A benefit worth
staying for
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If you’ve had to hire recently, odds are you’ve felt the pain of the current hiring crunch. You’re not alone, either. 77% of Canadian companies report significant challenges in finding qualified workers (according to Canadian HR Reporter).
Finding the right skill set and experience are essential, but the real standout employees also fit your culture and are motivated to grow with your business, too. So, when you do find them, you want to keep them. That’s where perks and benefits become crucial.
According to the 2025 Canada Salary Guide by global staffing firm Robert Half, a retirement savings program ranks as a top 3 benefit for employees across all generations, second only to paid time off.
Let’s take a look at some of the best ways to keep the talent you’ve worked so hard to attract.
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There are generally two types of added incentives you can offer employees: benefits and perks.
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Benefits are essential, formal offerings that are typically part of an employee’s compensation package. They often include items like:
- Health and dental insurance
- Retirement savings plans (e.g. pension, RRSP matching)
- Paid vacation and sick leave
- Disability and life insurance
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Perks are extra, non-essential incentives designed to enhance workplace satisfaction and culture. Examples include:
- Free snacks or meals
- Gym memberships
- Flexible work hours or remote options
- Birthdays off or pet-friendly offices
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Which perks and benefits are most attractive to employees is heavily influenced by the age (or more importantly, lifestage) of your staff.
These are the perks and benefits that rank at the top for each age group (based on the study from Robert Half).
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Most baby boomers are either retired or preparing to retire. While a retirement savings plan no longer tops the priority list as a result, it remains in the top three. For many, the final working years are also top earning years, allowing them to maximize their contributions as they approach the finish line.
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- Paid time off
- Extended health insurance
- Retirement savings plan
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- Flexible work schedules
- Remote work options
- Employee discounts
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Gone are the carefree days where the future is far-off and unknown. Gen X and Millennials share many of the same concerns and priorities: preparing for eventual retirement while prioritizing self-care and living today to the fullest. Saving for retirement is no longer a “one-day” activity, but a necessary part of planning for the future.
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- Paid time off
- Retirement savings plan
- Extended health insurance
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- Flexible work schedules
- Remote work options
- Wellness perks
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Having witnessed the financial challenges faced by their parents, Gen Z is perhaps more aware of the need for financial security than previous generations at their lifestage. They don’t take much for granted, which has led to a surprising understanding of the importance of long-term financial stability and motivation to save.
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- Paid time off
- Retirement savings plan
- Dental insurance
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- Flexible work schedules
- Remote work options
- Employee discounts
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Deciding which benefits and perks are most attractive to your employees, and most feasible for your business, can help you create a complete employment package aimed at attracting fresh talent and keeping the employees you already have.
SPP provides a simple, flexible way to satisfy your employees’ desire for retirement savings. Offering a pension shows you’re invested in your employees long-term, encouraging them to stay invested in you, too.
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No contract or cost to join
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Flexible for companies of
every size
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Learn how other businesses are using SPP to retain talent
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See how Veterinary Mobility Centre uses SPP as part of their incentive package to recruit, retain and reward their team.
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It was great to see everyone at the 2025 CPA conference in Winnipeg this past June. We were proud to attend and help sponsor the event.
Next, look for us at the ABEX Awards in Saskatoon on September 27th. See you there!
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Get the most out of SPP for your business
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Review your SPP MyBusiness account to ensure your employees are set up and contributing.
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Have questions? Need a refresher for staff? Need help getting your business account up and running? Get in touch!
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