Does your organization’s benefits or pension plan communications deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your company’s financial wellness program award-worthy? Benefits Canada’s annual Workplace Benefits Awards is officially open for nominations. Submit your entries here. As in previous years, the 2020 awards will continue to honour the achievements of […]
In the midst of the most significant socio-economic and health crisis since WWII — and maybe even longer — virtually every aspect of modern society has been affected in some way, and employee benefits programs are no exception. Before the coronavirus pandemic was in full swing in Canada, employers were focused on ensuring employees diagnosed with the […]
With the coronavirus pandemic affecting many businesses, employers are considering their options for shifting their benefits plan spend. Usage rates for benefits such as dental and paramedical services, which generally have high uptake among plan members, are currently in decline, since non-essential business are shuttered for the foreseeable future and Canadians are staying at home. “Specifically in […]
On March 3, the 2020 Employers Cancer Care Summit featured sessions on cancer-related issues and opportunities tied to benefits plans and the workplace. Many perspectives required when covering cancer drugs on benefits plans While treatment options for cancer are more than they used to be, many still aren’t covered under the public health-care system, according to Tim […]
When it comes to benefits plan management, each case is individual, said Diana Godfrey, senior vice-president of human resources and corporate at Fidelity Canada, during a session at Benefits Canada’s 2020 Employers Cancer Care Summit on Mar. 3. “If employers think they have a program or policy that covers every situation, they may be mistaken.” […]
As many employers are forced to temporarily lay off employees due to the impact of the coronavirus pandemic, what does that mean for the provision of benefits and pension plans? Kim Siddall, vice-president and local practice leader at Aon, says eliminating benefits isn’t the route most employers would voluntarily choose, but she acknowledges that where […]
With prescription drugs and paramedical benefits taking up an increasingly large portion of employers’ benefits spend, dental benefits often avoid the spotlight. But consultants and insurers are emphasizing a few dental issues for plan sponsors to consider in 2020. Over-billing Though GE Canada isn’t focusing on dental benefits in this year’s renewal process, Diana McNiven, […]
Green Shield Canada is launching a benefits plan analytics tool to help plan sponsors take a closer look at their offerings. The tool, DATAleap, looks to provide insight on claims trends, key cost drivers and disease state data. It also provides benchmarking tools for plans and demographics analyses. Read: Harnessing analytics, data to support employee mental health “Users can […]
Not only are female workers in the technology industry earning less than their male counterparts, but a new survey by Mason Frank International found women are less likely to be offered flexible working options compared to men. The recruitment firm surveyed more than 2,500 tech professionals and found 22 per cent of female respondents indicated home and […]
Since my last two editorials have targeted issues around pension plan design and retirement readiness, I’m balancing things out this month by turning my attention to benefits. Fortunately, I have strong opinions on the topic of this month’s cover story. Since I joined Benefits Canada four years ago, I’ve noticed that paramedical benefits — and […]