Whatever your business sector, it’s never been easier to improve working conditions and promote employee well-being.
Recruiting and retaining staff have been a major challenge for human resources in recent years. As a result, making a concrete commitment to the well-being of our employees and their families by offering them benefits aligned with their needs has become a must.
For more than 1 in 4 employees, their children’s education is their top concern1.
In fact, RESPs are a wise investment for financing post-secondary education, thanks in part to the generous government grants offered by this investment vehicle2. It’s an attractive fringe benefit that can help you retain existing staff and attract new recruits.
See the benefits of offering an RESP to your employees at a glance.
Kaleido adapts to your reality and that of your employees, so that the RESP fits right into your corporate culture. The administrative tasks for you as the employer are kept to a minimum, since we manage the education savings plan and work with you to ensure its success:
Once your employer account has been activated with Kaleido, you make payroll deductions according to your own payroll schedule. Contributions are transferred to Kaleido on a monthly basis.
You can contribute to your employees’ RESPs if you want to make an even greater contribution to their education savings plans. Your contributions are sent to Kaleido monthly, at the same time as those of your employees. Please note that employer contributions are a taxable benefit and are subject to deductions at source for the Quebec Pension Plan (QPP), Employment Insurance (EI) and Quebec Parental Insurance Plan (QPIP).
Did you know?
According to an Ipsos survey, more than a third of departing employees are looking for better benefits.5.
In addition to an attractive salary, paid vacations, a good work/life balance and a pleasant working atmosphere, benefits are what your employees care about!
Did you know that workers with a benefits plan feel better about their jobs? In fact, 64% of employees with benefits claim to be satisfied with their jobs.4
Since school and financing their children’s education are of paramount importance to many parents, a company RESP is sure to become a popular employee benefit.
Today, to stay with their current company or join a new one, employees want to have at least the following benefits:5
The RESP stands apart from these more traditional benefits and will boost your human resources retention strategy.
Want to find out more about company RESPs?
Our advisors will be delighted to introduce you to this distinctive benefit and answer any questions you may have.
Fill out the form below, and we’ll get in touch with you.
