Employee Benefits.

We foster stronger connections between benefit providers, employees, and employers.

WealthCo Employee Benefits removes the pressure of expectations for employers and employees by providing modern solutions to the complexities of outdated group benefit providers.

Our multi-disciplined approach brings full service benefits consulting and plan operation expertise to more than 300 Canadian businesses that enjoy a distinct advantage in the competitive market for great employees.

Expect more from your benefit provider, because your employees expect more from you.

The goal of employee benefits is to scale the wellness of your employees, with the wellness of your business. We work with you to design tailored plans that leverage the value of benefits into long-term employees who are healthier, more productive, and more likely to attain business goals and objectives.

Employers today need to focus on developing strong, relationship based partnerships with benefit providers to help empathize with the needs of their employees, clearly define challenges, create innovative solutions, and communicate their vision for future success.

Although most business owners have a 'benefits plan' as part of overall compensation, very few have a 'benefits strategy' as part of their overall business growth, this often leads to the misconception that employee benefits are an expense, and not a capital investment. Our process when working with new businesses is designed to ensure that both employers and employees receive a return on investment through benefits strategies.

Jeff DyckCFP, CLU, TEP, FEA

Vice President Insurance & Estate Planning - The WealthCo Group

Why Benefits Matter.

Employee benefits play an important role in retaining and recruiting top talent, but what is often overlooked is the impact they have on overall engagement. To fully leverage employees to meet corporate goals and objectives through engagement, a benefits strategy should develop and nurture high preforming teams to better succeed in todays competitive marketplace.

Your employees are the greatest advocates of your brand.

A common challenge faced by employers when looking to provide meaningful value through employee benefits is getting everyone moving in the same direction. Although there are significant complexities involved in the strategy and implementation of employee benefits, there are three simple questions every employer can begin with to get the ball rolling.

Are your benefits aligned with your organizational culture and values?

What benefits do your employees value?

Can you measure the return on investment of your employee benefits?

Service & Support.

As your company grows in size, the management of back office support for processes that are crucial to the success of your goals and objectives can become a time-consuming challenge. In addition to the design and implementation, we offer a wide variety of essential services and support as part of your overall employee benefits strategy.

Training & Development.

  • Strengthen client relationships by providing the services and experience they need to grow.

  • Corporate educational sessions on the benefits of Employee Benefits.

Operational & Administrative Support.

  • Supporting Human Resources personal on benefit program organizational development and operations.

  • Benchmarking and reporting on managements non-cash compensation philosophy and objectives.

Marketing & Communications.

  • Comprehensive industry trend forecasting and marketplace developments reporting.

  • Auditing and monitoring employee engagement and perception.

  • Creating communication strategies to leverage the value of the investment into Employee Benefits.

Performance Oversight.

  • Monitoring the providing carriers performance reporting, plan operation, and financial position.

  • Developing marketplace specifications to test relative competitiveness of carrier performance.

  • Working with marketplace providers in the development of submissions.

  • Developing and presenting comprehensive marketplace reports periodically, and renewal reports annually. 

Are you getting full value from your current employee benefits provider? Take a look and see how they stack up.

With over 25-years of experience in the employee benefits industry, WCO Benefits has developed significant core services and backs it up with a dedicated staffing team. This allows us to offer a breadth of marketing and support services designed to keep your employee benefits plan competitive in the marketplace while managing costs for your bottom line. In addition, we have been able to negotiate value-added services that can maximize the value of your plan to both you and your employees.

OUR PROCESS.

Employee benefits play a significant role in the growth strategy of all businesses when designed to produce a tangible return on investment.

Benefits Audit.

The sole purpose of a benefits audit is to identify if your current benefits plan is an expense, or an investment in the future of your company. As part of our initial service offering to business owners in Alberta, we provide no cost/obligation employee benefits audits. The rapid pace of disruption in todays workforce has resulted in increased expectations of employers and employees for benefit providers , and we are positioned to meet and exceed expectations.

Design Strategy.

We work with you to design a benefits strategy that reflects the unique needs of your organization beyond core benefits. To ensure you are in the best position to measure the return on investment, modern benefit strategies are designed to align with the changing needs of your business, as well as the evolving needs of your workforce. Transitioning legacy benefit plans into long term benefits strategies is a pivotal step in recognizing the potential of employee growth and development on your bottom line.

Review & Implementation.

Once we fully understand and establish your program goals, we review your current arrangements and provide relevant and cost-effective options. Taking an expert hands-on role in the ongoing coordination of all elements of the program, we include a value-focused analysis at renewal and ongoing monitoring of strategic options to meet your evolving needs.

Communication & Education.

Training is essential for businesses committed to investing in their employees, but often difficult as it pertains to the complexities and privacy concerns of employee benefits. We engage with your team from day one. From individual new employee orientations, to corporate educational sessions on the benefits of employee benefits, we are committed to continuous education and active leadership. The value of your investment in employee benefits education is a direct representation of the values your organization holds.

Ongoing Management.

Employee Benefits are fluid – they are not a piece of your businesses plan that are put in place and left without accountability. Organizations grow and contract, staff are promoted, salaries increase and the rates insurers charge will change based on actual usage vs. pricing assumptions. Staying on top of these changes is part of our ongoing commitment to you when engaging WCO Benefits.

Although most business owners have a 'benefits plan' as part of overall compensation, very few have a 'benefits strategy' as part of their overall business growth, this often leads to the misconception that employee benefits are an expense, and not a capital investment. Our process when working with new businesses is designed to ensure that both employers and employees receive a return on investment through benefits strategies.