Young Canadians more inclined to switch jobs over work benefits
According to employment figures, unemployment is back down to pre-pandemic levels. Employers are reporting difficulty filling positions and labourers (you and me) are becoming more selective when looking for a job. Benefits that were once considered “fringe” benefits – nice to have but not key determinants in your job search – are now considered driving forces among job seekers. Among them, medical benefits and life insurance. In Canada, there remain many expenses that are not covered by provincial health care plans. These expenses are becoming more costly in today’s inflationary environment; making group benefit programs yet another way of combatting inflation. And, if you are incorporated, Health Spending Accounts could enable you to pay for medical expenses in pre-tax dollars.
