HSA vs. LSA vs. Traditional Group Insurance: Which is Right for Your Team?
Should you offer an HSA, an LSA, traditional group insurance—or some combination?
Read the articleIdeas, insights, and practical guidance for building better workplaces and smarter benefits.
Should you offer an HSA, an LSA, traditional group insurance—or some combination?
Read the article
You're competing for talent against companies that offer catered lunches, unlimited PTO, and wellness stipends. But you're also watching your runway and can't throw money at every shiny perk.
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Employee Assistance Programs (EAPs) have been the default mental health benefit for decades. But here's what HR leaders are discovering: EAP utilization rates typically hover between 3-5%. That means 95% of your employees aren't using the mental health support you're paying for. It's not that employees don't need help—it's that traditional EAPs aren't meeting them where they are.
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If you're an HR manager or business owner in Canada, you've probably heard about Health Spending Accounts (HSAs) as an alternative—or supplement—to traditional group insurance. But what exactly is an HSA, and why are so many Canadian SMBs making the switch? This guide breaks down everything you need to know.
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At Tedy, we believe employee benefits should be flexible, modern, and easy to deliver. Today, we’re taking the next step with the launch of Tedy Partners — an exclusive program designed for the professionals who help businesses thrive every day.
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Until very recently, salary increases followed a simple, almost mechanical logic: raise wages each year by about 3%, sometimes a bit more when economic indicators looked good. This practice was rarely questioned, yet its effectiveness has always been limited. The good news: a homegrown solution is revolutionizing salary increases within companies — without costing them a penny more.
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Most HSAs Take a Cut. We Don’t. Health Spending Accounts (HSAs) were designed to be a simple, tax-free way for businesses to offer health benefits to their team. Over time, many providers have added extra fees, commissions, and fine print that make them far less cost-effective than they should be.
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Another incredible year has come and gone, can you believe it? Here at Tedy, we’re all about celebrating your wins, adventures, and even those delightfully quirky moments that make our community so unique. So, without further ado, let’s unwrap some of the biggest highlights from the past year!
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Every year around this time, it’s the same story: salary raises become inevitable. They’re expected, often demanded, and yet… their impact is as fleeting as a snowflake on a sunny day. Sure, a raise is nice, but let’s be honest—does it really make employees more engaged or less likely to leave? Not so much.
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The world of work has been upended at lightning speed. Remote work, virtual meetings, and AI everywhere: everything has changed so quickly. In just a few years, the relationship between employers and employees has had to adapt, even reinvent itself. Yet, despite the technology that surrounds us, the real added value today doesn’t come from more artificial intelligence, but from a quality that algorithms will never replace: emotional intelligence.
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When evaluating job opportunities, *42% of employees prioritize personalized benefits above all else, over good colleagues (37%), group insurance (30%), and flexible remote work policies (24%). Employers should focus on offering tailored benefits to attract and retain top talent while aligning organizational values with real, personal outcomes. But how can you achieve this without spending excessive time or struggling to find the funds to create a meaningful impact?
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We’re thrilled to share that Tedy is growing rapidly, with new businesses from various industries, cultures, and sizes joining the platform every day. Tedy offers a fast track to modernize your benefits, make your team happier, and position you as a better employer. But let’s address the elephant in the room: businesses adopt or switch to Tedy because they can save substantial amounts on salary expenses with no hassle and virtually zero administrative burden. Here are a few examples of how satisfied companies save money directly with Tedy:
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Tardiness is a recurring issue in the retail world. Employees showing up late isn’t just annoying—it messes with customer service, inventory, and the overall vibe. Jonathan Carrier, manager at Jean Coutu Île Perrot, decided to do something about it. He decided to try out Tedy, a wellness expense account platform designed to boost employee well-being.
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To counter the challenges of employee retention and engagement, companies have no choice but to stand out as employers. Known for revolutionizing the very concept of well-being in the workplace through its customizable social benefits solutions, Tedy has now made it its mission to promote workplace recognition.
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First of all, what is your culture like? Does your organization even have one? Whether you are a 5-person tech company or an ice cream shop that only opens in the summer, you have a company culture. However, there are several types of cultures, and in recent years, approaches that were impossible to consider 10 years ago have emerged. Need an example you can relate?
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More than ever, employers are daring to be creative in order to stand out from the competition and create unique working conditions that will retain and motivate their teams. Tedy 's Sydney Wingender joined Céline Morellon, CHRP, on Paul Laroque's program, Le Bilan, to discuss this issue. The killer question: have we as employers reached the point where we need to provide cottages and trips to all-inclusives to stand out from the crowd?
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The health crisis has only made the labour shortage worse. How can employers successfully recruit qualified employees? At the beginning of 2020, the labour shortage was at its peak. One health crisis later, and the situation has worsened further: 150,000 vacancies remain in Quebec today.
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In addition to its monthly health and wellness allowance, Tedy now offers several flexible packages with telemedicine and an employee assistance program (EAP) at the lowest price on the market.
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