The employee benefits industry has invested a lot of time and money in trying to understand millennials: how they interact with other generations, what they want and how best to reach them. But now there’s a new kid on the block: say hello to gen Z.
How can access to more—and better—data improve employee benefits?
"Our benefits suck.” Have you ever heard that from your employees? If you have, maybe your benefits program lacks variety or pizzaz. If it were an action figure, it would be a Ken doll—boring and uptight. But you can make your program more exciting by introducing some flexibility. There are three main options for adding flexibility to your employee benefits: modular plans, cafeteria plans and healthcare spending accounts (HCSAs).
Albertans live and die by the price of crude oil. Whether you work for a company in the energy industry or not, oil prices impact the daily life of Albertans more so than in any other province in Canada. While most Canadians have been filling up their vehicles lately with smiles on their faces, we Albertans squeeze the gasoline nozzle with a little more trepidation. Low oil prices are a double-edged sword here—one edge may be cutting prices at the pumps but the other is slashing jobs and corporate expenditures.
One-third of paid employees in Ontario don't have employer-provided medical or dental benefits, says a report.
Equitable Life of Canada has launched myFlex Benefits, a cafeteria-style flex benefits option for small businesses.
As companies focus largely on maintaining employee productivity and controlling costs when designing its benefit programs, a survey finds benefit plans can also greatly improve employee loyalty.
The average cost increase for employer-sponsored medical plans globally will dip slightly in 2015 but continue to significantly exceed general inflation levels, says Aon Hewitt.
Medavie Blue Cross and the Canadian Lung Association have formed a partnership to help link people living with or at risk of chronic respiratory disease to a country-wide network of respiratory care support and awareness services.
It takes more than stock options and flexible work hours to attract and retain employees in the technology sector.