cost of living – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 83% of U.S. workers concerned increasing cost of living, inflation will make it harder to save for retirement: survey https://www.benefitscanada.com/news/bencan/83-of-u-s-workers-concerned-increasing-cost-of-living-inflation-will-make-it-harder-to-save-for-retirement-survey/ Fri, 05 Jul 2024 13:00:19 +0000 https://www.benefitscanada.com/?p=157719 A majority (83 per cent) of U.S. workers say they’re concerned the increasing cost of living will make it harder to save for retirement and more than three-quarters (78 per cent) are concerned inflation will stay high, according to a new survey by the Employee Benefit Research Institute and Greenwald Research. The survey, which polled […]

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]]> How AI can help employers with reskilling, career development during uncertain times https://www.benefitscanada.com/news/bencan/how-ai-can-help-employers-with-reskilling-career-development-during-uncertain-times/ Wed, 03 Jul 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=157676 Amid an uncertain job market and cost-of-living worries, employers can harness the benefits of artificial intelligence to help employees with reskilling and career development, says Candy Ho, professor at Kwantlen Polytechnic University and board chair at non-profit organization CERIC. “I think we’ve got a huge opportunity ahead of us with AI and, not jobs being […]

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]]> 59% of Canadians with a workplace pension plan feel prepared for retirement: survey https://www.benefitscanada.com/pensions/retirement/59-of-canadians-with-a-workplace-pension-plan-feel-prepared-for-retirement-survey/ Wed, 26 Jun 2024 19:00:48 +0000 https://www.benefitscanada.com/?p=157468 Six in 10 (59 per cent) Canadians with an employer-sponsored pension plan say they feel somewhat or very well prepared for retirement, compared to only 34 per cent of respondents without a workplace pension plan, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found fewer than […]

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]]> Rising cost of food, financial planning affecting Canadians’ stress levels at work: survey https://www.benefitscanada.com/benefits/health-wellness/rising-cost-of-food-financial-planning-affecting-canadians-stress-levels-at-work-survey/ Fri, 07 Jun 2024 19:00:44 +0000 https://www.benefitscanada.com/?p=156434 More than two-thirds (68 per cent) of Canadian employees say the rising cost of food and groceries is heavily affecting their stress levels during work hours, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found planning for major expenses (62 per cent) and the rising cost […]

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]]> Survey finds 92% of U.S. employees seeking additional financial resources from employer https://www.benefitscanada.com/benefits/health-wellness/92-of-u-s-employees-seeking-additional-financial-resources-from-employer-survey/ Thu, 30 May 2024 19:00:37 +0000 https://www.benefitscanada.com/?p=156232 Nine in 10 (92 per cent) U.S. employees say they need additional financial resources in their employer-sponsored benefits plan, up from 79 per cent in 2022, according to a new survey by BCHR Holdings and Arthur J. Gallagher & Co. The survey, which polled more than 250 employers and roughly 700 employees, found one in […]

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]]> 61% of Canadian workers say return-to-workplace mandates impose financial burden: survey https://www.benefitscanada.com/news/bencan/61-of-canadian-workers-say-return-to-workplace-mandates-impose-financial-burden-survey/ Wed, 22 May 2024 19:00:45 +0000 https://www.benefitscanada.com/?p=155871 Nearly two-thirds (61 per cent) of Canadian employees say return-to-worksite mandates impose a financial burden, a percentage that increases to 70 per cent among hybrid workers due to the cost of working remotely and onsite, according to a new survey by Capterra Inc. The survey, which polled 250 Canadian workers, found 81 per cent said […]

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]]> Head to head: Should employers implement location-based pay for remote workers? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-should-employers-implement-location-based-pay-for-remote-workers/ Fri, 10 May 2024 12:59:57 +0000 https://www.benefitscanada.com/?p=155107 A consultant says location is one of many factors determining pay, while a human resources specialist argues it shouldn’t be a consideration. Cissy Pau, principal consultant, Clear HR Consulting Inc. Work location is certainly a factor to consider when determining pay for remote workers. When conducting compensation benchmarking, it’s common practice to look at pay […]

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]]> 70% of employers say it’s impossible to offer all benefits demanded by employees: survey https://www.benefitscanada.com/benefits/health-benefits/70-of-employers-say-its-impossible-to-offer-all-benefits-demanded-by-employees-survey/ Fri, 19 Apr 2024 13:00:13 +0000 https://www.benefitscanada.com/?p=154414 While employers recognize employee benefits are an important part of attracting and retaining talent, seven in 10 (70 per cent) say it’s impossible to offer all of the benefits that employees are currently demanding, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than […]

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]]> 69% of global employees say their mental health has worsened in the past year: survey https://www.benefitscanada.com/benefits/health-wellness/69-of-global-employees-say-their-mental-health-has-worsened-in-the-past-year-survey/ Mon, 18 Mar 2024 13:00:48 +0000 https://www.benefitscanada.com/?p=153202 More than two-thirds (69 per cent) of employees say their mental health has stayed the same or worsened in the past year, according to a new survey by Calm.com Inc. The survey polled more than 150 employers and more than 4,000 workers in the U.S., U.K., Germany and India. It also analyzed usage patterns of more […]

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]]> Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey https://www.benefitscanada.com/pensions/retirement/canadians-with-rent-mortgage-payments-delaying-retirement-savings-amid-rising-cost-of-living-survey/ Fri, 15 Mar 2024 13:00:05 +0000 https://www.benefitscanada.com/?p=153106 Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]

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