Other – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 29 Nov 2024 20:31:34 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Amazon Canada’s new estate planning benefit key to financial wellness win https://www.benefitscanada.com/benefits/health-wellness/amazon-canadas-new-estate-planning-benefit-initiative-key-to-financial-wellness-win/ Mon, 28 Oct 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=161601 Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was recognized in the Financial Wellness Program category for offering its more than 48,000-person workforce free estate planning as part of its benefits package. It wanted to stress the need for […]

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]]> Admiral Insurance’s benefits program awarded for balancing innovation, sustainability https://www.benefitscanada.com/benefits/health-benefits/admiral-insurances-benefits-program-awarded-for-balancing-innovation-sustainability/ Fri, 25 Oct 2024 13:00:55 +0000 https://www.benefitscanada.com/?p=161462 Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The organization was the winner in the Drug/Benefits Plan Innovation category of the 2024 Workplace Benefits Awards. “We’re honoured to win this award and be nominated in three categories,” says Allison Jost […]

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]]> How Ontario pay transparency legislation will impact employers https://www.benefitscanada.com/news/bencan/how-ontario-pay-transparency-legislation-will-impact-employers/ Mon, 04 Dec 2023 14:00:06 +0000 https://www.benefitscanada.com/?p=147974 As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says Darcy Clark, a principal at Normandin Beaudry. “They could do just enough to meet the legislative requirements or . . . full disclosure where everybody knows everything. There’s also a […]

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]]> Desjardins using budget workshops, interactive game to support employee financial wellness https://www.benefitscanada.com/benefits/health-wellness/desjardins-using-budget-workshops-interactive-game-to-support-employee-financial-wellness/ Fri, 24 Nov 2023 14:00:50 +0000 https://www.benefitscanada.com/?p=147619 Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The workshops cover topics such as using a budget to manage cash flow, how to plan for future goals and how to save on grocery bills amid rising inflation and food prices. […]

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]]> 2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members https://www.benefitscanada.com/events/conference-coverage/2023-healthy-outcomes-conference-a-closer-look-at-the-mental-physical-financial-risk-factors-facing-plan-members/ Mon, 20 Nov 2023 12:58:32 +0000 https://www.benefitscanada.com/?p=147110 Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits plans for help. Indeed, when Canada Life’s disability claims report asked plan members going on disability whether they sought out counselling through their benefits plans, more than half said they […]

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]]> IMCO joining network of employee ownership coalition https://www.benefitscanada.com/news/cir-news-news/imco-joining-network-of-employee-ownership-coalition/ Tue, 24 Oct 2023 15:00:58 +0000 https://www.benefitscanada.com/?p=145769 The Investment Management Corp. of Ontario is joining Ownership Works, a non-profit organization dedicated to implementing broad-based employee ownership programs, as a founding investor partner. Through partnerships with companies and investors, Ownership Works is aiming to change the corporate culture of ownership by integrating broad-based equity plans that include employee ownership, according to a press […]

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]]> 27% of U.S. workers reporting high levels of financial stress: report https://www.benefitscanada.com/benefits/health-wellness/27-of-u-s-workers-reporting-high-levels-of-financial-stress-report/ Wed, 24 May 2023 19:00:57 +0000 https://www.benefitscanada.com/?p=138713 More than a quarter (27 per cent) of U.S. workers say they have high or overwhelming levels of financial stress, up from 20 per cent in 2021, according to a new report by Financial Finesse. The report, which analyzed data from more than 34,000 workers who interacted with the consultancy’s financial wellness tools, found more […]

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]]> Canadian employee ownership trust model missing incentives for companies: expert https://www.benefitscanada.com/pensions/governance-law/canadian-employee-ownership-trust-model-missing-incentives-for-companies-expert/ Fri, 21 Apr 2023 13:00:05 +0000 https://www.benefitscanada.com/?p=136410 As the Canadian government develops its legislation to permit employee ownership trusts, the fact that the proposed model doesn’t include incentives is a big blow to companies considering the option, according to one expert. “I would have had a different answer for you prior to the [2023] budget,” says Jon Shell, managing partner at Toronto-based Social […]

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]]> 70% of U.S. employees say financial stress negatively affects work performance: survey https://www.benefitscanada.com/benefits/health-wellness/70-of-u-s-employees-say-financial-stress-negatively-affects-work-performance-survey/ Mon, 13 Mar 2023 19:00:16 +0000 https://www.benefitscanada.com/?p=135232 Nearly three-quarters (70 per cent) of U.S. employees say financial stress negatively impacts their work performance, according to a new survey by YouGov and YuLife Insurance Agency Inc. The survey, which polled more than 1,200 workers, found a third (32 per cent) of all respondents and 42 per cent of employees aged 18 to 35 said financial […]

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]]> MVF supporting employees’ financial wellness needs through new cost-of-living benefit https://www.benefitscanada.com/benefits/health-wellness/mvf-supporting-employees-financial-wellness-needs-through-new-cost-of-living-benefit/ Wed, 01 Mar 2023 14:00:52 +0000 https://www.benefitscanada.com/?p=134618 MVF is supporting its multinational workforce amid rising inflation with a new cost-of-living benefit. The U.K.-based marketing company introduced the new benefit last October, after an employee pulse survey revealed the most helpful financial support would be cash lump sums to help pay for big bills such as rent and utilities, said Hannah Meredith, the […]

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