More than half (55 per cent) of women employees say they want to improve their financial literacy, compared to 52 per cent of all workers, according to a new survey by Intuit Canada. The survey, which polled 2,600 employees and roughly 500 small- and medium-sized employers, found this gap in financial knowledge has resulted in […]
With the return of the holiday shopping season, employees may be tempted to spend more than they planned, despite the rising cost in living. According to a recent survey by Deloitte Canada, Canadians plan to spend, on average, $1,478 for the holidays this year, up 10 per cent — or $131 — from 2023 but […]
While nine in 10 (85 per cent) employers that reported decreased employee productivity over the past year cited burnout as a major problem, investing in retirement benefits appears to have a positive impact on these issues, according to a new survey by the Angus Reid Group on behalf of the Healthcare of Ontario Pension Plan. […]
More than half (56 per cent) of Canadian employees say they’re less productive at work due to financial concerns, according to a new survey by the National Payroll Institute. The survey, which polled 1,500 employees, found the percentage of Canadians who consider themselves financially stressed increased to 41 per cent from 37 per cent in […]
Canadian health benefits plan members are increasingly feeling financially strained, according to the 2024 Benefits Canada Healthcare Survey — a finding that experts say should be a call to action to employers to include more financial wellness supports in benefits plans. Personal finances has remained plan members’ top stressor for the past two years, with […]
Working grandparents who are providing financial support to children and/or grandchildren are risking their own plans for retirement, says Craig Bannon, director of financial planning centre of expertise at the Royal Bank of Canada. “[They might need to] delay their retirement to extend their earning years or continue to work on a part-time basis in […]
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 […]
While a majority of U.S. employees say they’re very confident (39 per cent) or confident (29 per cent) they’re doing a good job preparing for retirement, nearly two-thirds (62 per cent) either strongly or somewhat agree that preparing for retirement makes them feel stressed, according to a new survey by the Employee Benefit Research Institute. […]
With more than 40,000 employees across the country, Amazon Canada is a microcosm of the wider national workforce. Comprising five generations, the online retailer’s workers represent a wide spectrum of savings goals and related challenges. And to support these goals, it has developed a diverse array of options to meet staff at every stage of […]
A resurgence of defined benefit pension plans in Canada could be on the horizon, according to a report from the Colleges of Applied Arts and Technology pension plan. It found most Canadian workers are looking for retirement features that are most prominent in a DB plan, including monthly and predictable retirement income that’s guaranteed for […]