More than two years ago, an Oakville, Ont.-based startup — a small technology company with nine employees — was looking to implement a benefits plan. Eager to attract and retain the best talent, its founder decided to go all out with a generous plan that saw the employer paying the full cost for 100 per […]
While mental health is often a sensitive area, the Co-operators Group Ltd. aimed to bring the issue into the open by introducing an online Yammer group as a safe place for employees to talk, share information and support one another. “It’s a way for us to have those organic conversations crop up from our staff,” said Stacey Kennedy, […]
Changes are coming for employment insurance and leave allocations for some Canadian employees later this fall. The leave changes, which received royal assent in June, affect the part of the Canada Labour Code that includes employees in the banking, telecommunications and transportation industries, as well as Crown corporations and some workers on First Nations reserves. The changes to employment insurance […]
It has been a confusing week for employers following tax guidance from the Canada Revenue Agency aimed at helping them interpret their tax obligations around employee discounts. While initial reports suggested the government would be taxing employee discounts, a spokesperson for National Revenue Minister Diane Lebouthillier said Wednesday afternoon the government was pulling back the new language pending further […]
With the increase in the Bank of Canada rate back in July and the second in September, there’s a looming possibility of an impact on prescribed rates. If they rise, what will that mean for employee loans? Fortunately, prescribed rates won’t rise this year, as is evident in the calculations below. Still, an increase is inevitable. While […]
At Mars Inc., every day is a take-your-dog-to-work day. The food manufacturer allows employees to regularly bring their dogs into its three office locations in Canada and provides several benefits to pet owners. The company’s headquarters in Bolton, Ont., have a courtyard where dogs can run and play, and employees can take eight hours of […]
The irony of pensions and benefits is that employees tend to ignore them until they need them or until their employer changes them. And whether it’s good news or bad news, there are almost always trade-offs. Changing pensions or benefits can be a tough sell to employees. When employers say “change,” employees often hear “change […]
While flexible benefits plans are a clear trend among Canadian employers, the range of choices can be daunting for employees. So how much choice is too much? That was a question Pitney Bowes Inc. considered when it redesigned its benefits plan in 2015. As part of the changes, the company trimmed its menu of mix-and-match […]
On occasion, I’ve been critical of the group insurance business. I’ve used the term lethargic to describe the pace of change and have been critical of what I thought was a far too rigorous embrace of the status quo. There has been some innovation over the years, but it has paled in comparison to the […]
As U.S. President Donald Trump’s administration seeks to keep trying to repeal and replace the Affordable Care Act, how would any change affect employer benefits costs, including Canadian businesses with U.S. operations? Canadian employers that decide to set up shop in the United States will notice a big difference when it comes to benefits costs. In the […]