baby boomers – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 2024 Vancouver Benefits Summit: What are millennials, gen-Zers looking for in employee benefits packages? https://www.benefitscanada.com/events/conference-coverage/2024-vancouver-benefits-summit-what-are-millennials-gen-zers-looking-for-in-employee-benefits-packages/ Mon, 08 Jul 2024 11:53:32 +0000 https://www.benefitscanada.com/?p=157538 With millennials and generation Z employees representing roughly 75 per cent of the Canadian workforce, employers need to respond to the changing needs of these demographics, said Andrew Brandsma, director of sales for new business development at claims processing company National HealthClaim, during a session at Benefits Canada’s 2024 Vancouver Benefits Summit in May. Both […]

The post 2024 Vancouver Benefits Summit: What are millennials, gen-Zers looking for in employee benefits packages? appeared first on Benefits Canada.com.

]]> Half of Canadians plan to search for new job in second half of 2024: survey https://www.benefitscanada.com/news/bencan/half-of-canadians-plan-to-search-for-new-job-in-second-half-of-2024-survey/ Thu, 04 Jul 2024 13:00:19 +0000 https://www.benefitscanada.com/?p=157717 Half (50 per cent) of Canadian employees say they’re planning to search for a new job in the second half of 2024, up from 41 per cent during the same period last year, according to a new survey by Robert Half Canada Inc. The survey, which polled 600 workers and more than 200 hiring managers, […]

The post Half of Canadians plan to search for new job in second half of 2024: survey appeared first on Benefits Canada.com.

]]> Rising cost of food, financial planning affecting Canadians’ stress levels at work: survey https://www.benefitscanada.com/benefits/health-wellness/rising-cost-of-food-financial-planning-affecting-canadians-stress-levels-at-work-survey/ Fri, 07 Jun 2024 19:00:44 +0000 https://www.benefitscanada.com/?p=156434 More than two-thirds (68 per cent) of Canadian employees say the rising cost of food and groceries is heavily affecting their stress levels during work hours, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found planning for major expenses (62 per cent) and the rising cost […]

The post Rising cost of food, financial planning affecting Canadians’ stress levels at work: survey appeared first on Benefits Canada.com.

]]> Survey finds 92% of U.S. employees seeking additional financial resources from employer https://www.benefitscanada.com/benefits/health-wellness/92-of-u-s-employees-seeking-additional-financial-resources-from-employer-survey/ Thu, 30 May 2024 19:00:37 +0000 https://www.benefitscanada.com/?p=156232 Nine in 10 (92 per cent) U.S. employees say they need additional financial resources in their employer-sponsored benefits plan, up from 79 per cent in 2022, according to a new survey by BCHR Holdings and Arthur J. Gallagher & Co. The survey, which polled more than 250 employers and roughly 700 employees, found one in […]

The post Survey finds 92% of U.S. employees seeking additional financial resources from employer appeared first on Benefits Canada.com.

]]> 63% of Americans worry more about running out of money than death: survey https://www.benefitscanada.com/pensions/retirement/63-of-americans-worry-more-about-running-out-of-money-than-death-survey/ Thu, 30 May 2024 13:00:49 +0000 https://www.benefitscanada.com/?p=156236 Nearly two-thirds (63 per cent) of Americans say they worry more about running out of money than death, up from 57 per cent in 2022, according to a new survey by the Allianz Life Insurance Co. of North America. The survey, which polled more than 1,000 employees with $150,000 investable assets, found generation X was […]

The post 63% of Americans worry more about running out of money than death: survey appeared first on Benefits Canada.com.

]]> Gen Z reports worsened communication skills due to remote working, learning: survey https://www.benefitscanada.com/human-resources/hr-communication/gen-z-reports-worsened-communication-skills-due-to-remote-working-learning-survey/ Tue, 21 May 2024 13:00:21 +0000 https://www.benefitscanada.com/?p=155720 A quarter (24 per cent) of Canadian generation Z workers say their verbal skills have worsened due to virtual learning or working during the coronavirus pandemic, compared to only five per cent of baby boomers, according to a new survey by language learning platform Preply Inc. The survey, which polled more than 1,500 Canadians, found 92 […]

The post Gen Z reports worsened communication skills due to remote working, learning: survey appeared first on Benefits Canada.com.

]]> How PepsiCo Canada’s savings program is helping employees achieve financial security at any stage in life https://www.benefitscanada.com/archives_/benefits-canada-archive/how-pepsico-canadas-savings-program-is-helping-employees-achieve-financial-security-at-any-stage-in-life/ Fri, 10 May 2024 12:58:17 +0000 https://www.benefitscanada.com/?p=155285 PepsiCo Canada is baking flexibility into its retirement savings benefits to support employees’ financial security amid the rising cost of living. To help employees reach their retirement savings goal, the food and beverage company is matching employees’ bonuses up to 3.5 per cent, with the employer contribution automatically directed into their defined contribution pension plan. […]

The post How PepsiCo Canada’s savings program is helping employees achieve financial security at any stage in life appeared first on Benefits Canada.com.

]]> A look at the Australian Retirement Trust’s approach to decumulation https://www.benefitscanada.com/events/conference-coverage/a-look-at-the-australian-retirement-trusts-approach-to-decumulation/ Fri, 10 May 2024 11:57:41 +0000 https://www.benefitscanada.com/?p=154776 Inspired by the University of British Columbia’s variable payment lifetime annuity option, the Australian Retirement Trust is taking a similar approach to decumulation, which, in turn, may hold lessons for Canadian defined contribution plan sponsors, said Brnic Van Wyk, the plan’s head of asset and liability management, during a session at Benefits Canada’s 2024 DC […]

The post A look at the Australian Retirement Trust’s approach to decumulation appeared first on Benefits Canada.com.

]]> How DC plan sponsors can take the guesswork out of retirement planning https://www.benefitscanada.com/events/conference-coverage/how-dc-plan-sponsors-can-take-the-guesswork-out-of-retirement-planning/ Fri, 10 May 2024 11:49:46 +0000 https://www.benefitscanada.com/?p=154841 Technology plays an increasingly important role as defined contribution pension plan sponsors seek to deploy decumulation support and retirement advice at scale, said Jean-Michel Lavoie, vice-president of strategy and market development for group retirement services at Sun Life Financial Inc. (pictured right), during a session at Benefits Canada’s 2024 DC Plan Summit in February. The […]

The post How DC plan sponsors can take the guesswork out of retirement planning appeared first on Benefits Canada.com.

]]> Younger workers in the U.S. feeling less confident about their financial security: report https://www.benefitscanada.com/news/bencan/younger-workers-in-the-u-s-feeling-less-confident-about-their-financial-security-report/ Tue, 07 May 2024 19:00:22 +0000 https://www.benefitscanada.com/?p=155228 Younger workers in the U.S. are feeling less confident about their financial security compared to those from older generations, according to a report by LIMRA. The report found more millennials (55 per cent) and generation Z (44 per cent) workers were concerned about having enough money saved for a comfortable retirement, compared to generation X […]

The post Younger workers in the U.S. feeling less confident about their financial security: report appeared first on Benefits Canada.com.

]]>