When a company is undergoing a merger or acquisition, it’s important to maintain consistency regarding benefits plans and streamline the process as much as possible. “It’s crucial to allocate the proper resources to make sure the process goes smoothly and benefits coverage is maintained or improved upon,” says Connie Cooper, associate vice-president of executive financial […]
Three-quarters (75 per cent) of Canadian employers and 66 per cent of U.S. employers say employee productivity is a key focus for 2025, with most planning to align total rewards — specifically compensation — with productivity metrics, according to a new survey by Hub International Ltd. The survey, which polled 900 employers across North America, […]
An article on the impact of Canadian pension income on federal and provincial tax revenues was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Canadian pension income adding $24.5BN to federal coffers in 2025: report 2. So long foosball, hello […]
Global benefits costs are projected to increase by 10.4 per cent in 2025, according to a new survey by WTW. The survey, which polled nearly 350 insurers, found in North America, costs are projected to rise to 8.7 per cent in 2025, up from 8.1 per cent in 2024. In the U.S., insurers projected a […]
In Canada, the average health benefits cost trend for 2025 is estimated to be 7.4 per cent, up from five per cent in 2024, according to a new report by Aon. It found the top medical conditions driving health benefits plan costs are diabetes, autoimmune diseases (excluding diabetes), mental health, lung disorders/respiratory and cardiovascular and […]
An article on how national dental-care and pharmacare programs will impact unionized employees was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How national dental-care, pharmacare programs will impact unionized employees 2. Survey finds 56% of Canadian workers reporting reduced productivity […]
A large majority (80 per cent) of Canadian employers feel it’s extremely (36 per cent) or somewhat challenging (44 per cent) to provide benefits in today’s economic climate, according to the 2024 Benefits Canada Healthcare Survey. However, three-quarters (77 per cent) of plan sponsors indicated their health benefits plan was extremely or very important to […]
An article on the Ontario government’s review of preferred pharmacy networks was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario reviewing impact of preferred pharmacy networks on plan members’ costs, accessibility 2. Canadian employers focusing on workers’ emotional well-being in […]
U.S. employers’ health benefits costs are expected to increase to nearly eight per cent for 2025, the highest amount in more than a decade, according to a new survey by Business Group on Health. The survey, which polled 125 large employers, found they’re planning to continue to absorb much of the increases at least for […]
U.S. employers are projecting health benefits costs to increase by eight per cent for 2025, up from seven per cent in 2023, according to a new survey by the International Foundation of Employee Benefit Plans. It found employers cited several factors in rising costs, including catastrophic claims (20 per cent, up from 19 per cent […]