Employers have an integral role to play in managing workplace attitudes around mental illness, a plan sponsor told attendees at the 2018 Mental Health Summit Vancouver on Dec. 11. According to Lyne Moussa, manager of safety, wellness and disability at Coast Capital Savings, it’s important to remember we’re all humans in relationships with other humans when trying to […]
There are major differences between what defined contribution plan sponsors are trying to communicate to members and what members hear, according to a new study by Invesco. “We believe a disconnect remains between what plan sponsors say and what participants hear,” said John Galateria, managing director and head of North America institutionals at Invesco, in a press […]
While Canada’s unemployment rate is just six per cent, according to Statistics Canada, it doesn’t mean workforces are immune to layoffs. Employment in certain industries, such as information, culture and recreation, continually declined between August and November 2018, noted Statistics Canada. Indeed, compared to 12 months earlier, employment in those industries was down three per cent nationally. When […]
In the midst of financial literacy month, what does education look like in a defined benefit world where plan members don’t have to actively make investment choices? And how much do members need to understand about investments? While financial literacy is important, DB plans allow members to prepare for retirement without being financial experts themselves, says […]
Equitable Life of Canada is introducing a fully online option for employees enrolling in group benefits plans. “Plan members can easily enter all their enrolment information, including dependant details, banking information for direct deposit of claim payments and details for coordination of benefits,” said Norma Crouse, assistant vice-president of claims and administration at Equitable Life, in a […]
Global employees spend almost 50 per cent of each day on digital communication, with more than half feeling lonely as a result, according to a new study by Future Workplace and Virgin Pulse. The study, which surveyed more than 2,000 managers and employees in 10 different countries, found employees are increasingly dependent on technology tools […]
It’s a constant challenge for employers to ensure their plan members understand and appreciate the pension and benefits programs available to them. It isn’t easy, but employers stand a better chance of success when the information is meaningful and relevant. The marketing and retail industries have been doing it for ages, to the point where personalization isn’t […]
Focusing on finding the right harmony in communicating a new benefits plan was key in Samuel, Son & Co.’s win for best benefits plan communications at Benefits Canada’s 2018 Workplace Benefits Awards in Toronto on Oct. 11. The steel company admitted it can’t afford to offer above average benefits due to the cyclical nature of its business. However, it felt an average […]
Taking a varied and thorough approach to employee health helped Niagara Casinos take home the award for best health and wellness program for an employer with more than 1,000 employees at Benefits Canada‘s 2018 Workplace Benefits Awards in Toronto on Oct. 11. The variety of wellness offerings and activities included kickboxing, paddle boarding, bath bomb workshops, an onsite […]
Promoting health and wellness as a business priority and effectively communicating this to the workforce was the Town of Richmond Hill’s recipe for success at Benefits Canada’s 2018 Workplace Benefits Awards. The organization took home the award for best health and wellness program for a company with less than 1,000 employees at a ceremony in Toronto on Oct. 11. […]