| PRIORITY DRIVERS |
| BENEFITS, REWARDS & RECOGNITION |
| Champions |
| John MacKenzie, Natalie Blake and Michael Tolensky |
| Project Description & Goals |
| Assess current benefits program, conducting an environmental scan to identify areas of opportunities. Assess benefit plan improvements and options to provide greater flexibility for employees. |
| Scope |
In Scope:
- Extended health and dental benefits
Out of Scope:
|
| Deliverables |
- Review of existing benefits program
- Complete an environmental scan of comparators benefits program
- Review of flexible benefit plan options for increased flexibility for employees and bring benefits on par with our comparators
- Costing of potential enhancements
- Recommendations and approvals for improvements
|
| Progress Made to Date |
NOVEMBER 2020:
- Staff has completed a review of TRCA’s existing benefits program and have completed a fulsome environmental scan of comparator organizations’ benefits programs. Costing and potential enhancements have been reviewed and recommendations have been drafted.
DECEMBER 2020:
- Benefit recommendations have been approved and benefit enhancements will commence effective January 1, 2021 (see attached memorandum).
JANUARY 2021:
|
| Measurements of Success |
- Reduced sick leave
- Reduced turnover
- Improved employee satisfaction relating to benefits (engagement survey)
- Benefits are in line with other similar employers
|
| Dates |
- Project Start Date: October 2020
- Anticipated Project Completion Date: June 2021
|
