As an executive with the City of Toronto, Lawrence Eta now makes a point of not coming into the office every day. The chief technological officer says that’s because he wants to lead by example and show his employees that there’ll be no preferences between someone who’s working onsite or remotely in their hybrid working […]
The Council of Parties to the United Nations’ climate convention, known as COP26, which is currently underway in Glasgow has put climate change on the global stage and top of mind for many employers and employees. There are many elements an employer can take into consideration when crafting a benefits strategy — competitiveness in the […]
A new study is urging employers to transition from a traditional focus on employee benefits to one that covers job and work design, management, rewards practices, a commitment to psychological safety and fairness and a culture of employee listening. The Josh Bersin Co., a U.S.-based research and advisory company, examined 91 practices and programs in […]
More than 19 months into the coronavirus pandemic, employers are focusing on enhanced mental-health offerings and streamlined communications for their benefits and pension plans. During a virtual roundtable on Oct. 14, the 2021 Workplace Benefits Awards finalists discussed the changes brought about by the pandemic and how they’ve adapted their benefits and pensions offerings, while looking […]
An evolving program that’s holistically supporting employees during the coronavirus pandemic led to LifeLabs’ win for its mental-health program at the 2021 Workplace Benefits Awards on Oct. 14. Within the organization’s wellness program, which was launched in 2019, the emotional pillar includes: a separate annual maximum for mental-health practitioners through its flexible benefits plan; an expanded […]
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 […]