Canadian Handbook of Flexible Benefits

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Wiley, May 30, 2007 - Business & Economics - 656 pages
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The definitive guide to flexible benefit programs in Canada – completely revised and updated.

Now in a new third edition, Canadian Handbook of Flexible Benefits offers everything organizations need to know about designing, implementing, communicating, and administering a successful flexible benefits program. The 2007 Handbook is equally relevant to employers introducing a new plan and to those looking for insight and direction on maintaining an existing program.

This edition answers the question "What’s new in flex?" and includes up-to-date information on:

  • the expansion in the range of flexible programs in the last decade, from simplified to total compensation designs;
  • incorporating the numerous innovations in health care cost management into a flexible program;
  • legal aspects of flexible benefits, including the latest word from Canada Revenue Agency on converting taxable performance bonuses to pretax benefits;
  • administration alternatives, including outsourcing, co-sourcing and multi-process outsourcing;
  • Completely new material covering:
    • retiree flexible benefit programs,
    • maintaining and revitalizing an existing plan
    • flex for executives,
    • special considerations for specific provinces,
    • case studies of companies that have successfully implemented flexible benefits, and
    • flexible benefit developments in eight countries on five continents.

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About the author (2007)

Robert J. McKay is an actuary and principal with Hewitt Associates in Toronto. Hewitt Associates pioneered the concept of flexible benefits in Canada and the United States, and is one of the world's largest consulting firms specializing in the design, financing, and delivery of employee benefits, compensation, and other human resource programs.

Over the past 25 years, Mr. McKay has designed and implemented flexible benefits plans for a wide variety of employers in both Canada and the United States. He is a frequent speaker on the topic of flexible benefits and is acknowledged as Canada's leading practitioner in the field.

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