The majority (84 per cent) of employees who say they’re feeling stressed are saving less than five per cent of their pay, according to a new survey by the National Payroll Institute and the Financial Wellness Lab of Canada. The survey, which polled more than 3,000 Canadian employees, also found workers are saving less than […]
The financial well-being of working Canadians has fallen sharply and is at its lowest point since January 2021, according to LifeWorks Inc.’s latest financial well-being index. It found the number of Canadians reporting a worsening financial situation increased five per cent compared to the previous period and those reporting an increase in financial concerns climbed […]
A quarter (25 per cent) of Canadian employees are experiencing increased tension or conflict at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 65, a slight increase from June’s score of 64.1. By comparison, workers reporting increased conflict or tension had a score of 51.8. Employees age 40 and […]
In the midst of historically high inflation and ahead of a possible recession, it’s important for employers to offer benefits like financial counselling and flexible spending accounts to support employees’ financial and mental well-being. Mercer Canada predicts a 40 per cent chance of heading into a recession, according to feedback from investment managers and relevant data. […]
A quarter (26 per cent) of Canadians say work factors are their primary sources of stress, according to LifeWorks Inc.’s latest mental-health index. Among this group, the leading sources of stress were volume of work (25 per cent), performance demands (14 per cent) and lack of support (12 per cent). Three-quarters (74 per cent) of all […]
Close to half (45 per cent) of Canadians say the ongoing coronavirus pandemic has negatively impacted their mental health, according to LifeWorks Inc.’s latest mental-health index. Although Canadians’ overall mental-health score increased to negative 10 in April from negative 10.5 in March, respondents reported lower scores in terms of work productivity (negative 11.5 from negative […]
While 84 per cent of U.S. employees believe their employer should be responsible for their financial well-being, only 55 per cent feel their company is concerned about their financial wellness, according to a new survey by SoFi at Work and Workplace Intelligence. The survey, which polled 800 full-time employees and 800 human resources leaders, found three-quarters (75 […]
Nearly half (47 per cent) of Canadians said that financial wellness means living without financial stress, according to a new survey by the Canadian Imperial Bank of Commerce. It found 28 per cent of respondents also used financial wellness as a top descriptor for overall wellness and 41 per cent said financial wellness comes from being […]
Both employees and human resources executives are seeing the impact of personal financial stress on work productivity and performance during the coronavirus pandemic, according to a new survey by Morgan Stanley at Work. While 82 per cent of employer respondents said they’re worried that personal financial issues are affecting employees’ work productivity, 64 per cent of […]
The coronavirus pandemic is financially impacting generation Z, millennials, generation X and baby boomers differently. Canadians from the millennial (22 per cent) and gen-X (25 per cent) cohorts were slightly more than two-times more likely than baby boomers (10 per cent) to have said the pandemic significantly set them back financially, according to a new […]