When Alberta Health Services (AHS) was formed in 2008 as an amalgamation of the province’s former health regions, it had a difficult task: consolidate the benefits and pension program for approximately 90,000 employees spread across Alberta and based in close to three dozen sites.
Communications professionals often stress the need to relay a message seven times in seven different ways to get a point across.
Forest City Fire Protection & Security was the recipient of the Communications Award (<1,000 employees) for Benefits Canada’s 2011 Pension & Investment Awards. As a small, privately owned company operating in a construction industry dominated by large multinational organizations, Forest City Fire Protection & Security is always on the hunt for solutions to give it […]
Employers looking to attract and retain the best gen Y talent can start by learning to speak their language—and this doesn’t have to mean signing off emails with “g2g-ttyl.”
Communicating your benefits plan to employees in a way they understand and will act upon can be challenging. And if employees feel their employers don’t understand or appreciate their needs, that disengagement can be costly.
Employees under age 35 are likely to be more dependent on DC plans for their retirement savings than previous generations—but less attention is being paid to them than on their boomer counterparts, according to a U.S.-based study by Northern Trust.
Plan sponsors need to take a holistic view to their members’ retirement savings and understand that at different stages in employees’ lives, they face different challenges, says Robin Pond, investment consultant with Buck Consultants.
Watch this video There’s a perception that DC plan members don’t feel responsible for managing risk, says Marcus Turner, senior investment consultant with Towers Watson Canada Inc. Anecdotally, this disengagement has been attributed to members feeling like they don’t have to take responsibility because they belong to a large corporation that will take care of […]
From Lafarge’s perspective, why is focusing on health and wellness a good business strategy? If we’re spending money on benefits above and beyond what the actual cost should be, it takes money out of the actual business operating budget, and we need to come up with that money somewhere else. Has Lafarge received recognition for […]
Watch this video With DC plans, there’s no guarantee that members will end up with a sufficient retirement income at the end, warns Michelle Loder, Canadian DC business leader with Towers Watson Canada Inc. However, monitoring the plan’s performance—not necessarily based on a retirement benefit adequacy promise but rather on how plan members will fare […]