Plan sponsors are facing the perfect storm of rising benefits costs, a surge in chronic disease prevalence and fierce competition for top talent. All the while, 55 per cent of Canadian workers feel their employee benefits plan doesn’t fully meet their needs, according to Telus Health’s mental-health index. More than 50 per cent of plan members […]
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was recognized in the Financial Wellness Program category for offering its more than 48,000-person workforce free estate planning as part of its benefits package. It wanted to stress the need for […]
IMAX Corp. won the Benefits Plan Communications award at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18 for its use of engaging technology tools to educate employees during its benefits plan redesign. The entertainment and technology company was recognized for the steps it took to consider the voice of its employees — through interactive virtual […]
In 2016, the Toronto Transit Commission sued its insurer for allegedly not having appropriate benefits fraud controls in place to detect unusual trends or patterns. The lawsuit was settled three years later. In the meantime, 10 people, including nine TTC employees, were convicted in relation to the scheme and more than 250 TTC staff resigned […]
CAA Club Group’s commitment to supporting employee health and wellness led to a win in the Health/wellness program category for employers with more than 1,000 employees at Benefits Canada’s 2023 Workplace Benefits Awards on Oct. 20. “We were up against some strong competitors and we’re excited that the work we do in the wellness space […]
While ChatGPT is helping benefits communications become more efficient, detailed and reliable, the risks may outweigh the rewards when it comes to full automation, says Tom Milne, a principal at Normandin Beaudry. The possibilities for generative artificial intelligence in the benefits space are infinite, he says, noting the algorithms are helping expedite the research and […]
In 2022, Xero sent out a global survey to all of its employees asking them to rank the most important components of its total rewards program, from time off to flexible working policies, salaries to employee benefits. The software company’s Canadian employees ranked health benefits as one of the most important aspects of total rewards. […]
Nearly two-thirds (61 per cent) of employers recognize they’ll need to offer a wider variety of benefits options to meet the expectations of the different generations in their workforces, according to a new report by LIMRA and EY. In particular, the survey, which polled more than 800 U.S. employers and more than 1,800 employees, found demand […]
Increased flexibility, enhanced digitization and a focus on diversity, equity and inclusion are among the trends shaping 3M Canada’s benefits plan in 2023, says Jacqueline McLennan, a benefits specialist at the company. In particular, 3M’s wellness program offers employees the flexibility to support their personal health and well-being. “We don’t have it narrowed down to only use […]
The Canadian Life and Health Insurance Association will now be working with participating insurers to collaborate on joint investigations into suspected benefits fraud schemes. This initiative builds on last year’s launch of a CLHIA-supported program that uses advanced artificial intelligence to identify fraudulent activity across a vast industry pool of claims data. “We’ve been working […]