Lowering Turnover and the Bottom Line
“If a staffer is pulling long hours on a special project”, said Zujew, “they’ll reach out to the family and make sure some Swiss Chalet is delivered to the home or a cleaning person is sent. It’s a small investment with a big return in loyalty”, he says. “The cost to retrain somebody, to […]
Let’s Play “Would You Rather” – The Power of Compounding
Would you rather have $1 Million in cash? Or a penny that doubles every day for 30 days? The correct strategy might not be readily apparent. I tested my friends and family with this question and most of them chose to take the $1 Million. That’s not a bad choice. There are a lot of […]
Hidden Cause of Lost Profitability
One of the major causes of lost productivity among Canadian workers and lost profitability for Canadian businesses is employee financial stress. Over the past 30, we’ve seen significant declines in Defined Benefit Plans and personal savings by Canadians, in particular Ontarians, have been decreasing over the past 30 years as well. Canadians have been living with financial stress […]
It’s Like Finding an RRSP Contribution Between the Cushions of Your Couch!
With real estate prices soaring, cost of child care on the rise as well as grocery bills, gas, clothing, all costing more than just 10 years ago, it is becoming increasingly difficult to save more. One thing that hasn’t changed is the necessity to save as much as we can so that we can live […]
Investing in Trust
When you trust the team managing your assets, the mutual relationship is priceless. The financial team is able to bring new and exciting options to the table that they feel would be beneficial and you are more likely to be open to investment opportunities that you may not have considered otherwise. What Builds Your Trust? […]
The Benefits of Benefits
Research shows that Canadians lose $3 billion a year by not using their benefits. This has a major impact on employee morale, but can also affects the bottom line for many businesses when employees end up with lower productivity: all because they are essentially running on empty. Ensuring employees know how they can be supported […]
Defining Your Own Future
Pension plans are an important part of retirement planning for employees. There are two types of plans: defined benefit and defined contribution. Defined benefit plans are being used increasingly less because they are built on a set payment formula which can be hard for a company to administer given lower interest rates and longer retirements. […]