Toyota Motor Manufacturing Canada Inc. is providing employees and their dependants with $10,000 in lifetime gender affirmation coverage. The additional coverage complements existing benefits that support transitioning employees, including prescription drug coverage for hormone therapy, mental-health coverage, disability insurance and medical leaves for employees who are recovering from surgeries. The new coverage is also extended to […]
Sixty per cent of Canadian employees say they’d consider leaving their jobs for a role that offers more inclusive benefits, according to a new survey by Medavie Blue Cross. The survey, which polled 1,000 employees and 500 employers in Ontario, Quebec and Atlantic Canada, also found employees want to work for an organization that supports […]
When Tara Vanderloo’s employees are mulling leaving her enterprise software company, she wants to be one of the first people they tell — and to hear their unvarnished reasons why. “I know people get called by recruiters, so I’ve asked the question, ‘Who are you talking to or what type of organizations?'” says the chief […]
More than half of generation Z (56 per cent) and millennial employees (65 per cent) say their current benefits package makes them somewhat more likely to remain with their employer, according to a new survey by LIMRA. The survey, which polled more than 4,000 U.S. employees, found 54 per cent of workers said they view their benefits […]
More than four in 10 (42 per cent) global employees consider the availability of fertility benefits through their employer a ‘deal breaker’ in accepting a job, according to a new survey by Carrot Fertility. The survey, which polled 5,000 people across Canada, India, Mexico, the U.K. and the U.S., also found two-thirds (65 per cent) of […]
An opinion piece on how certain aspects of the Quebec government’s rules and constraints on private drug plans affect pharmacy costs was the most-read story on BenefitsCanada.com this past week. 1. Sounding Board: Why do Quebec’s private drug plans pay higher pharmacy fees? 2. Custodial, maintenance workers at TMU striking over pension contribution increase 3. Half of Canadian benefits providers […]
McCarthy Tétrault LLP is appointing Susan Nickerson as partner and head of its pensions, benefits and executive compensation group. Prior to joining McCarthy Tétrault, she was a partner in Torys LLP’s pension and employee benefits law division for nearly 10 years. She’s also a past chair of the Association of Canadian Pension Management and its […]
Schneider Electric’s senior compensation and benefits leader talks about adapting benefits to flex work, artificial intelligence and time spent gardening. Q: What top challenges do you face in your role? A: Labour market trends over the last two years have had a pronounced impact on expectations around rewards, leading to a greater emphasis on staying […]
Companies that back up talk about investing in employees with action are associated with a four per cent higher return on invested capital, according to a global report by the CPP Investments Insights Institute, FCLTGlobal and the University of Pennsylvania’s Wharton School. The report, which analyzed year-end data for roughly 2,900 companies in the MSCI all […]
While more than two-thirds (69 per cent) of employers say the macroeconomic environment is negatively impacting recruitment, three-quarters (74 per cent) say it hasn’t reduced the importance of diversity, equity and inclusion in the hiring process, according to a new report by LinkedIn. The report analyzed data from millions of LinkedIn members, as well as survey responses from more […]