Employees like Matt Fairbanks are one of the reasons the hospitality and restaurant industry is struggling to find workers even as the coronavirus pandemic wanes. The 34-year-old former bartender has moved from slinging beers in Toronto to selling software to restaurants for a Saskatchewan company, which he does remotely. “I was always kind of one […]
Roughly a third of U.S. employees believe their employer lacks a sufficient commitment to diversity, equity and inclusion, according to a new survey by Buck Global. The survey, which polled nearly 700 employees and more than 200 employers, found 32 per cent of employees said their company lacks diverse benefits for diverse populations, a percentage […]
Retirees with defined benefit pension plans are less likely to draw down their savings to cover their spending than those with a defined contribution plan, according to a new report by the University of Michigan. It found while most employees born between 1920 and 1940 had access to a DB plan, this percentage dropped dramatically […]
More than a quarter (29 per cent) of global employees said their employers are focusing on supporting workers’ physical and mental well-being to address growing skills and labour shortages, according to a new survey by PricewaterhouseCoopers. The survey, which polled more than 52,000 employees across 44 countries and territories, found respondents said their employers are also combatting […]
Pension coverage in the public sector is high, with the vast majority of public sector employees covered by a defined benefit pension plan. However, the story is very different in the private sector as pension coverage is much lower and is trending downwards. Only 22 per cent of private sector employees participated in a registered […]
With a record number of Canadians nearing retirement, employers can support workers through retirement planning initiatives and education, says one expert. According to a report released last week by Statistics Canada, more than a fifth (22 per cent) of Canadian employees are aged 55 to 64. It also found more Canadians are aged 55 to 64 than young adults […]
Due to inflation, a majority (84 per cent) of U.S. employees believe their money doesn’t go as far as it used to, leaving many to wonder how to prioritize saving for retirement, according to a survey by Voya Financial Inc. The survey, which polled 1,000 adults aged 18 and up, found three-quarters of millennials (73 per […]
The focus on environmental, social and governance factors is a train that’s leaving the station, but some pension plan sponsors and institutional investors remain hesitant to hop aboard. Over the past decade, interest in incorporating ESG factors into investment decisions has increased. Indeed, a 2020 survey by investment consulting firm Callan found 42 per cent […]
While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less confident than they were before the coronavirus pandemic, according to a new survey by Fidelity Investments Inc. The survey, which polled 2,600 workers, also found 71 per cent said they’re […]
An ounce of prevention is worth a pound of cure — and nowhere is that more true than when it comes to workplace mental-health supports, said Colleen Adams, manager of health and digital product solutions at Medavie Blue Cross, during a session at Benefits Canada’s 2021 Mental Health Summit. Even before the pandemic, the cost […]