As the coronavirus pandemic continues, employees are viewing fitness benefits with increased importance, according to a new survey by ClassPass Inc. The survey found 70 per cent of respondents said they consider fitness benefits second only to health-care benefits, with 92 per cent saying they plan to return to gyms in 2021. Within that group, […]
Magna International Inc. is using data to personalize its wellness program, increase employee engagement and reduce costs. In 2012, the Canadian automobile parts manufacturer established its own internal health and wellness team. At first, the program focused solely on disseminating basic educational materials, such as quarterly newsletters, posters and handouts, said Dr. Krista Markew, manager […]
Arthur J. Gallagher & Co. is acquiring integrated talent management firm Optimum Talent Inc. With this acquisition, the Quebec-based company will gain access to Gallagher’s resources, enabling it to further enhance its plan sponsor offerings, noted a press release. As well, the merger will allow Gallagher to expand its reach in the benefits and human resources consulting […]
On the heels of winning re-election in British Columbia, the New Democratic Party’s work is just beginning, particularly in delivering on its promise to extend pensions and benefits to precarious workers across the province. In its re-election platform, the party pledged to develop a government-backed, collective benefit fund for independent contractors, self-employed and part-time workers, […]
The costs of employer-provided health plans in Canada are expected to rise seven per cent next year, outpacing general inflation by more than five per cent, according to a new report by Aon Canada. Contributing factors include higher drug prices, the impact of non-communicable health risks and the continued introduction of new and expensive therapies. Indeed, […]
With Canadian employees feeling the toll the coronavirus pandemic is taking on the economy, should policy-makers facilitate the use of workplace emergency savings plans? “We know from data that 28 per cent of Canadian households who are financially impacted by COVID in August were drawing down on their [tax-free savings accounts] and [registered retirement savings […]
Coughlan Home’s manager of human resources talks employee assistance programs, ‘quiet rooms’ and showing appreciation. Q. What top challenges do you face in your role? A. Throughout my 15 years in human resources, I’ve found the biggest challenge was encouraging younger generations to begin planning for their retirement. I try to provide scenarios that will […]
Hub International Ltd. is acquiring Clearpoint Benefits Solutions, which includes Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and Canwest Group Benefits Inc. Clearpoint, which is located in Edmonton, with additional locations in Grande Prairie, Alta. and Fairview, Alta., is a benefits and retirement consulting firm. Read: Hub International acquires assets of Toronto-based benefits firm “Clearpoint is […]
Employer health-care costs will rise in 2021 for several reasons related to the coronavirus pandemic, according to a new report by Willis Towers Watson. With many employees deferring medical visits due to lockdown measures and fear of contracting the coronavirus, health-care costs for U.S. employers are expected to be between 3.3 and 8.8 per cent lower in 2020 than […]
L’Oréal Group is launching a new employee share purchase plan in 57 of the countries in which it operates. The latest offering comes on the heels of the global beauty company’s first worldwide employee share plan two years ago. “This year, after the success of the first plan in 2018, we want to once again involve our employees in the […]