Only half (51 per cent) of U.S. generation Z employees say their employer cares about their mental health, according to a new survey by the Hartford Financial Services Group Inc. The survey, which polled more than 500 human resources decision-makers and more than 1,100 workers, found among gen Z workers, 53 per cent said they’re […]
Canadian generation Z employees experienced a decrease in happiness of 0.4 points in April, according to a new survey by ADP Canada. The survey, which polled more than 1,200 employees, found that, on a scale of one to 10, baby boomers reported the highest happiness score (7.3), followed by millennials (6.6), generation X (6.5) and […]
More than half (58 per cent) of U.S. employees say they’re significantly worried about one or more aspects of their personal finances, including saving for retirement and building emergency savings, according to a new survey by John Hancock Financial. In addition, with the market declines across asset classes in 2022, 70 per cent of survey respondents […]
Recent amendments to the Quebec Pension Plan to encourage people to work past age 65 offer more flexibility on contributions and retirement age, says Bonnie-Jeanne MacDonald, director of financial security research for the National Institute on Ageing at Toronto Metropolitan University. “If people are accumulating a pension, working longer could potentially increase their pension,” says MacDonald, who […]
Millennial workers who rent for their entire careers must save 50 per cent more than homeowners in order to have a sufficient monthly income in retirement, according to a new report by Mercer Canada. The report, which analyzed findings from Mercer’s database, found millennials who rent need to save eight-times their annual salaries to retire […]
While U.S. workers aged 45 and older believe it takes, on average, $1.1 million in savings to retire comfortably, just 21 per cent expect to reach this goal, down from 24 per cent in 2022, according to a new survey by Schroders. The survey, which polled more than 2,000 employees, found more than half (59 […]
Nearly half (46 per cent) of Canadian employees say they’re very happy with their current role and responsibilities at work, according to a new survey by Maru Public Opinion and ADP Canada. The survey, which polled more than 1,200 employees, found the national work happiness score for March is 6.7 out of 10. Workers in Quebec […]
More than two-thirds (68 per cent) of Canadian workers say their employer’s focus on employee safety and well-being drives trust in the company’s brand, according to a new survey by Proof Strategies. The survey, which polled more than 1,500 employees, also found more than half of respondents said employers that are committed to diversity and […]
Amid the shift to remote and hybrid working arrangements, employers should ensure their after-hours social events are “easy, intentional and sincere,” says Kim Siddall, vice-president of enterprise consulting in the west at People Corporation. “The [coronavirus] pandemic gave employees permission to start opting out of aspects of [workplace] culture they didn’t really like. They’ve also […]
Similar to 2022, the coming year will present both challenges and opportunities for defined benefit pension plan sponsors, with the rewards going to plan sponsors that are resilient, embrace change and are willing and able to act when opportunities arise. Several trends that will be top of mind in the year ahead are: Inflation The […]