Amid plans by the federal government to introduce national dental and pharmacare programs, key stakeholders in the private payer health-care sector should highlight the value of private health plans in Canada, according to a panel during a webinar by the Group Insurance Pharmaceutical Committee last week. In March, the Liberal Party and the New Democratic […]
In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees have varying financial priorities. “Overall, we have a very diverse employee base,” says Ken Adams, the financial services company’s vice-president of total rewards. “Someone who is a few years out […]
With so many employees returning to the office, the Ontario Association of Social Workers is calling on employers to introduce stand-alone mental-health coverage in their group benefits plans worth a minimum of $1,500 per employee. A recent survey conducted by Leger for the OASW and polling 1,000 respondents found more than half (52 per cent) said cost was the […]
A story about the federal government considering whether to include booster shots in the next version of the coronavirus vaccine mandate for workers was the most read story of the week on BenefitsCanada.com. Here are the five most popular news stories of the week: Feds consider definition of ‘fully vaccinated’ in review of federal worker mandate […]
With two of Ontario’s government parties promising to develop portable benefits plans, it’s important to remember that plan sponsors need the freedom to design and price their benefits packages, as well as stability in terms of government processes, says one expert. “Plan sponsors are already delivering programs to a large proportion of the workforce and […]
Canadian employers looking to redesign their benefits plans are in a holding pattern until they hear more details on the Liberal Party of Canada and the New Democratic Party’s joint proposed national dental-care and pharmacare programs. Last week, the two parties announced plans to form an alliance until 2025 in order to deliver these programs […]
LinkedIn Corp.’s vice-president of employee experience and benefits discusses staff well-being, connecting co-workers and creating short films. Q: What top challenges do you face in your role? A: Our current challenge is keeping our employees healthy, happy and energized, particularly now during the prolonged coronavirus pandemic and the associated rise in burnout. In 2021, we […]
The top three factors driving employee retention are benefits (34 per cent), a strong sense of culture (31 per cent) and belief in the senior leadership team (29 per cent), according to a new survey by the Predictive Index. The survey, which polled more than 300 U.S. executives, found career mobility (21 per cent), salary (17 […]
While 86 per cent of U.S. employers said mental health, stress and burnout are top priorities, only 25 per cent have already articulated and adopted a well-being strategy, according to a new survey by WTW. The survey, which polled 322 employers, found while 42 per cent redesigned their employee assistance program in 2021, 39 per […]
As competition to attract talent continues to heat up amid a tight labour market, the vast majority (90 per cent) of U.S. employers are planning to invest more in employee mental-health support, according to a new survey by Wellable. The survey, which polled almost 200 U.S. health insurance brokers and wellness consultants, found slightly more than […]