As social media feeds flood with click bait and half-baked stories and reporting from respected American media institutions comes under fire as fake news by anyone who disagrees with it, there’s an important lesson for plan sponsors. People want the truth. They crave trustworthy content and want information but they often struggle with how difficult it can be […]
The top drivers for using benefits technology include reducing costs (36 per cent), better control or management of benefits data (35 per cent), improving benefits communications (29 per cent) and providing a better experience for employees (27 per cent), according to new research by the business research organization LIMRA. “. . . One of the biggest […]
Millennials make up the largest cohort of the workforce, at about 37 per cent of Canadian employees. For information technology consulting company Capgemini, however, its millennial workforce is almost double that percentage. “We have a fairly significant population,” says chief executive officer Sanjay Tugnait, citing the 61 per cent of the company’s 190,000 employees around […]
We’re living in a society with a new generation of employees who also happen to be digital natives. Generation-Y and millennials learn, act and understand very differently than the generations that came before them. They take a different look at their careers, the work environment and even retirement. In the age of defined benefit plans, […]
When employees are young and often working remotely, and when the wellness budget is non-existent, human resources managers have to be creative to ensure employees get a healthy balance at work. The vehicle history company Carproof, for example, began its wellness program in 2012 with a weight-loss contest, said Heather Coy-Robinson, the company’s human resources […]
Moderators: Nadia Darwish, vice-president of development, marketing and investment strategy; and Karrina Dusablon, national vice-president of business development, client relationship and member experience, at Desjardins Insurance The consensus among participants was that when focusing on retirement readiness, there’s a need for a broader discussion about promoting financial wellness, said Dusablon. “We need to make financial […]
Moderators: David Devine, regional vice-president, western region, group retirement services, wealth management; and Christine van Staden, vice-president of national accounts at Great-West Life Most plan sponsors agreed that defined contribution plans traditionally focus on those nearing retirement, said van Staden. “But everyone agreed there is a need to take a step back, rebalance the pendulum […]
The OPSEU Pension Trust has launched People for Pensions, an online campaign encouraging its plan members to become informed about defined benefit pension plans and how they support the economy. People have shifted from having a mindset of pension envy to one where they yearn for financial security but don’t necessarily see the value of […]
Retirement is an important milestone. In the pension industry, we understand that active planning is critical to members meeting their goals and being able to enjoy the lifestyle they want in retirement. We also know the reality is most don’t start planning or even thinking about retirement until it’s literally around the corner. Why? When members […]
You’ve implemented a workplace wellness program. You followed recommendations and engaged a professional to identify your employees’ areas of health risk and establish a foundational data set. You allotted an appropriate budget to the program to allow for incentives, rewards and even social functions to further entice employees to participate. The program content was fresh […]