Canadian Forest Products Ltd.’s ongoing support for employees’ savings and retirement goals resulted in a win in the Financial wellness category at Benefits Canada’s 2021 Workplace Benefits Awards on Oct. 14. Launched in September 2020, Canfor’s three-year financial education program was initially offered to 1,100 salaried employees in Canfor’s defined benefit and defined contribution pension […]
American Express Co. is eyeing January for the tentative launch of its hybrid working model. In an internal memo, Stephen J. Squeri, chairman and chief executive officer of American Express, said the model will go into effect only in locations where the company makes a full return to the office, likely starting with Germany, the […]
As innovative medicines become more widely covered in workplace drug plans, employers are tasked with finding new ways to control costs while ensuring members receive the best value. “Obviously, this is good because such offers provide more treatments for employees and their families that can help get them back to the workplace sooner rather than […]
While renovation shows on television tend to take a sledgehammer to every surface in a house for dramatic effect, there’s another way. Defined contribution pension plans don’t need to be completely gutted to stay current. Something akin to painting an accent wall, like tweaking contribution rates, can be just as impactful and way more cost-effective. […]
The selection of a target-date fund glide path is more crucial than ever as the migration from DB to DC pension plans continues. Since its formation in the mid-1990s as an optional alternative to the company’s longstanding defined benefit offerings, the DC plan has amassed more than $1.5 billion in total assets as members gradually […]
Any return to the workplace, whether it’s after a medical or parental leave — or say, following a global pandemic — requires consideration and care to ensure the psychological health and safety of employees. Every back-to-workplace plan, regardless of the context, should be developed in partnership with each individual employee and driven by their physical […]
The Royal Bank of Canada is applying the lessons it learned during the coronavirus pandemic to develop a hybrid work model for a wide range of employees and departments. “When we were all forced to work remotely in the spring of 2020, we realized we can do this and still get our work done,” says Lauren […]
With 57 per cent of Canadian employees expecting flexible working arrangements to continue post-coronavirus pandemic, 54 per cent of Canadian employers are adopting a hybrid working arrangement, according to a new survey by Mercer Canada. The survey found 61 per cent of employees said they prefer to work from home and, currently, 77 per cent […]
More than half (60 per cent) of employees said their employer is communicating a return-to-workplace strategy, according to a new survey by Maru Public Opinion for ADP Canada Co. Of the working Canadians who said they’ve received a plan, more than half (53 per cent) are already back in the office. An additional 29 per […]
When the fourth wave of the coronavirus pandemic started to intensify in Canada, Toronto-based tech company Staffy decided it was time to implement a vaccination mandate. The company, which provides an on-demand workforce platform for the health-care and hospitality sector, made it mandatory for their 20 corporate staff to be vaccinated. They also made vaccinations […]