Most people do not realize the high rate of inflation on drug expenses in a health and dental plan. On average, they are between 13 to 15% every year. This high inflation rate is the very reason why the provincial budget allocated to medical expenses keeps increasing. Likewise, the provincial government makes cuts to other areas to support the increasing medical expenses. Left unchecked in a company, drug expenses can quickly account for large increases in employee benefit expenses. Huge companies like Telus, can see the increase quite easily and can react to make plan changes accordingly. A single employee [More …]
Choose The Right Business Tribe And You Will Thrive
If you have ever watched Survivor on TV you know that which Tribe a contestant belongs to determines their fate. The same is true in business. Choose the right business tribe and you will thrive. Choose wrong or become tribe-less and you may find yourself voted off the island by your competition. The roman legion was legendary in their ability to create a group of men who came from various walks of life and became one as a fighting unit. If we are to go beyond survival in business to become those who thrive and conquer we must find our [More …]
Use Your Core Values To Filter Out Life Draining Work
One of our big revelations and transformations has come from our focus on our core values. I thought I understood Core Values, but I did not really get it until just recently. I only truly ‘got it’ when I started to practise it. Like so many things we talk about it (core values, mission, vision, values statements), it is always transformational when we begin to walk it and apply it daily. To truly enjoy your business use your core values to filter out life draining work. We now filter everything we do as a business through a set of core [More …]
If You Hate Staff Meetings Have A Daily Huddle Instead
Have you ever wondered how some companies develop riveting cultures, while others are stagnant? I used to think that corporate culture was reserved for 100+ employee size companies, but now I see it starts from the ground up. Culture exists any time you have people interacting with each other. Sadly, unless we are consciously creating culture, it will be created by the personalities of the loudest individuals. Unfortunately, the squeaky wheel gets the grease and the squeaky employee creates the most cultural influence. How are you creating and managing your company culture? Many companies rely on their weekly staff meetings [More …]
Financial Planning For Your Employees
Does financial planning for your employees affect your bottom line? Incredibly, the answer is yes. Personalized financial planning for your employees matters because employees who become financially positioned to purchase a home are generally more stable and productive. This is because employees who are working toward a goal like home ownership are generally more loyal, making it less likely they’ll go through your training and leave shortly after. There is an invisible link between the financial well-being of the employee and the employer. In supporting one, you support the other. There truly is a symbiotic relationship between the two. Employee benefits [More …]
Have You Listened To A Good Audiobook Lately?
It’s not so common today for someone to ask, ‘Have you read a good book lately?’. However, I am now a huge fan of Audible and listen to audiobooks regularly. Maybe we should be asking, ‘Have you listened to a good audiobook lately?’ Although not everyone is an auditory person (myself included), I have found audiobooks to be great background music as well as travel entertainment. My hard-core business geekiness really came out when I yearned to listen to the “Intelligent Entrepreneur” while I was on vacation. Sadly, I could not or did not because I was spending so much [More …]
Why I Was Inspired To Create A Legacy Through Kiva
When I was just three years old, my great grandfather passed away suddenly. My family had just immigrated from rural China and had it not been for my great grandfather, my entire family would still be poor farmers in China. My Great Grandfather’s Passing Inspired Me To Create A Legacy Through Kiva I have always felt a deep gratitude for my great grandfather as well as a burning desire to give back and make a difference in the world. Specifically, I have a burning desire to create an incredible legacy for my great grandfather. I want to make his sacrifices [More …]
Help Raise $5,000 For Kiva
I have set a personal goal to raise $5,000 for Kiva entrepreneurs and was hoping you could assist. Amazingly, I don’t even need to ask you to give any of your own money to reach this goal. Amazingly, I don’t even need to ask you to give any of your own money to reach this goal. Kiva is the Kickstarter of Microbanking and assists entrepreneurs in developing nations with microloans that help them escape poverty. As an immigrant from rural China giving back to entrepreneurs in developing nations resonates deeply. How We Plan To Raise $5,000 for Kiva …THANKS FOR YOUR HELP…We Did It! [More …]
StrengthsFinder Unlocks Productive Energy At Work
One tool that has made a huge difference in our company was shared with me by one of my business mentors in EO (Entrepreneur’s Organization). This tool is called StrengthsFinder (SF). What we have found is that StrengthsFinder unlocks productive energy at work. Upon completion of the SF assessment, it provides examples and scenarios of how to best exert these strengths in life and in the work place. In terms of employee management and productivity, their studies showed that people who had the opportunity to focus on their strengths were 6 times more likely to be engaged in their jobs [More …]
Mission of Care
Since giving back is one of our core values here at Abundance Employee Benefits we want to share this value with you. “If you had $100 to give to any Canadian charity, which one would you give it to?” We ask this question because we have a special ‘Give Back’ program, called Mission of Care, where we will donate $100 to the charity of your choice. We do this when we meet with you for the first time to review your employee benefits package and share with you financial strategies that might improve your situation. No purchase is necessary to [More …]
