Employers can help employees maintain harmony in their relationship on Valentine’s Day and beyond through financial wellness programs, says Connie Cooper, associate vice-president of executive financial counselling and education services at CWB Wealth. According to a recent survey by the Royal Bank of Canada, more than three-quarters (77 per cent) of Canadians said money is a […]
While Prime Minister Justin Trudeau’s resignation is fuelling uncertainty among Canadians regarding the direction of the country, financial markets have been surprisingly resilient in reaction to the news, says Francis Gingras Roy, a senior financial advisor at Manulife Wealth Inc. He notes when Trudeau announced his resignation last Monday, the TSX ended the day pretty flat. […]
As gig workers make up a greater share of the Canadian workforce, a lack of retirement savings options may leave this growing demographic facing financial insecurity in their senior years. According to data from Statistics Canada, 871,000 Canadians performed gig work as their primary job in the fourth quarter of 2022. Among those gig workers, […]
PepsiCo Canada aims to ensure all employees have equitable coverage and access to resources by offering a competitive and flexible benefits program, as well as inclusive policies, said Jaye Calder (pictured left), the company’s manager of pension, benefits and wellness, during a panel discussion at Benefits Canada’s 2024 Healthy Outcomes Conference. “We’re taking it a […]
One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy is helping to do just that. Roland Chiwetelu (pictured right), associate director of financial wellness, Eckler Ltd. One expert suggests employers bridge their knowledge gap by finding ways to turn […]
During Financial Literacy Month and throughout the entire year, Desjardins Group is promoting financial literacy by offering employees personalized financial advice, as well as hosting a program geared towards young workers. “Over the last few years, we’ve worked incredibly hard on several initiatives that support the financial empowerment of our [employees and customers],” says Isabelle […]
Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee financial wellness in several ways, including a group registered retirement savings plan, financial advice and Financial Literacy Month webinars with sessions covering various financial topics. “In busy day-to-day work, it’s […]
Nearly all (95 per cent) Canadian employees recognize their financial situation significantly impacts their personal well-being and 92 per cent of human resources leaders agree, according to a new report by Dialogue Health Technologies Inc. The survey, which polled more than 1,600 working Canadians, across all age groups and provinces, found more than a quarter […]
Retirement plan members who engage with their plan digitally have an average retirement account balance 230 per cent higher than those who weren’t engaged ($123,800 versus $51,800), according to a new report by Sun Life Financial Inc. The report, which analyzed data from 1.45 million Sun Life group retirement plan members, found employees who were were digitally engaged are also more […]
Online gig economy platform Taskrabbit Inc. is providing U.S. gig workers with retirement benefits through a new initiative. The program, in partnership with financial services firm Robinhood Markets Inc., provides workers with access to a match program for individual retirement account contributions. During the first year of enrolment, workers receive a two per cent match on […]