More than a third (37 per cent) of U.S. employers that offer a non-qualified retirement plan say attraction and retention of key talent is their No. 1 reason for offering these plans, according to a new survey by WTW. The survey, which polled around 400 employers representing more than 7.5 million employees, found more than […]
With Canadians’ financial priorities shifting alongside a turbulent economic climate, including inflation levels not seen in decades and a never-ending rise in the cost of living, it isn’t surprising capital accumulation plan members’ commitment to retirement savings is taking a hit. Benefits Canada’s 2023 CAP Member Survey found just 41 per cent of respondents rated […]
Three-quarters (76 per cent) of U.K. employers think it’s important to retain employees over age 50, with almost a third (32 per cent) saying it’s very important, according to a new survey by Aviva. It also found 10 per cent of employers have introduced support over the last year for retaining employees aged 50 or […]
High inflation and interest rates are having a real impact on people’s finances, according to Benefits Canada‘s 2023 CAP Member Survey, which found 76 per cent of capital accumulation plan members say inflation is negatively impacting their financial situation, while 59 per cent say the same about interest rates. For many people, the day-to-day cost […]
More than half (58 per cent) of U.S. employees say outliving their assets is their greatest fear in retirement, according to a new survey by Cerulli Associates. While the percentage is even higher for near-retiree and retiree generations (generation X and baby boomers), longevity risk is the greatest concern across all generations. As a result, […]
Equitable Bank’s 2022 Workplace Benefits Awards win is empowering employees to ask for more financial wellness benefits and to recognize the full range of resources available to them, says Madison Dickson, the bank’s human resources coordinator. “The win enhanced our employee experience because more employees feel comfortable coming up to [our team] and saying, ‘I […]
Financial education programs can be humdrum at times, bringing to mind the iconic sleepy classroom scene in the movie Ferris Bueller’s Day Off. With that in mind, Fluor Canada is empowering employees to take stock of their finances through fun and engaging programs that appeal to the different generations that make up its workforce. Employees […]
Once rooted in mental-health support, employee assistance programs have evolved exponentially in recent years to meet the changing needs of employees. During the coronavirus pandemic, the use of virtual care exploded as most people were forced to stay at home, so EAPs had to adapt quickly to provide virtual support to many struggling Canadians. “By […]
The Alberta Investment Management Corp.’s chief human resources officer discusses the evolving employee life cycle, autonomous working and competitive weightlifting. Q: What top challenges do you face in your role? A: The talent environment is complex right now. There’s an increase in retirements and workers are more transient than before. To ensure we’re rebuilding for […]
Nearly all (98 per cent) U.S. employees believe it’s important for their employer to provide a retirement savings plan, according to a new survey by Vestwell Inc. The survey, which polled roughly 1,300 employees and 250 employers, found nearly three-quarters (72 per cent) of employees said they expect employers to offer a 401(k) or 403(b) […]