financial well-being – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 16:04:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 How Meridian’s financial wellness offerings benefit employees, organization as a whole https://www.benefitscanada.com/archives_/benefits-canada-archive/how-meridians-financial-wellness-offerings-benefit-employees-organization-as-a-whole/ Fri, 15 Nov 2024 13:58:33 +0000 https://www.benefitscanada.com/?p=162701 As a financial institution that provides banking and wealth management services to customers, Meridian Credit Union ensures it also offers employees a comprehensive suite of services to support their financial wellness. This includes a defined contribution pension in which staff contribute a mandatory three per cent of annual earnings, with the employer contributing between three […]

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]]> Amazon Canada’s new estate planning benefit key to financial wellness win https://www.benefitscanada.com/benefits/health-wellness/amazon-canadas-new-estate-planning-benefit-initiative-key-to-financial-wellness-win/ Mon, 28 Oct 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=161601 Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was recognized in the Financial Wellness Program category for offering its more than 48,000-person workforce free estate planning as part of its benefits package. It wanted to stress the need for […]

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]]> Admiral Insurance’s benefits program awarded for balancing innovation, sustainability https://www.benefitscanada.com/benefits/health-benefits/admiral-insurances-benefits-program-awarded-for-balancing-innovation-sustainability/ Fri, 25 Oct 2024 13:00:55 +0000 https://www.benefitscanada.com/?p=161462 Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The organization was the winner in the Drug/Benefits Plan Innovation category of the 2024 Workplace Benefits Awards. “We’re honoured to win this award and be nominated in three categories,” says Allison Jost […]

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]]> PepsiCo Canada’s winning DEI strategy linking inclusion to employee well-being https://www.benefitscanada.com/news/bencan/pepsico-canadas-winning-dei-strategy-linking-inclusion-to-employee-well-being/ Thu, 24 Oct 2024 13:00:02 +0000 https://www.benefitscanada.com/?p=161083 PepsiCo Canada’s 2024 Workplace Benefits Awards win demonstrates how weaving diversity, equity and inclusion into strategic business practices can foster employee mental health and wellness. The food and beverage company’s inclusive end-to-end business transformation strategy made it this year’s winner in the DEI Program category. “It’s so fantastic that all of our hard work has been […]

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]]> Survey finds 56% of Canadian workers reporting reduced productivity due to financial concerns https://www.benefitscanada.com/benefits/health-wellness/56-of-canadian-workers-reporting-reduced-productivity-due-to-financial-concerns-survey/ Fri, 27 Sep 2024 19:00:45 +0000 https://www.benefitscanada.com/?p=160629 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 […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/archives_/benefits-canada-archive/top-5-hr-benefits-pension-and-investment-stories-of-the-week-100/ Fri, 20 Sep 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=160333 An article on International Business Machines Corp.’s latest pension risk transfer was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. IBM transferring US$6 billion in pension liabilities via group annuity buyout 2. How employers can encourage employees to take guilt-free sick days […]

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]]> Survey finds 54% of Canadian employees say affordability a barrier to improving well-being https://www.benefitscanada.com/benefits/health-benefits/54-of-canadian-employees-say-affordability-a-barrier-to-improving-well-being-survey/ Mon, 16 Sep 2024 13:00:17 +0000 https://www.benefitscanada.com/?p=160176 More than half (54 per cent) of Canadian employees say affordability is among the top barriers to improving their well-being, according to a new survey by RBC Insurance. The survey, which polled 1,000 working adults, found while nearly all said they need to improve their health and well-being, respondents cited barriers including lack of motivation […]

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]]> Employers focused on employee well-being twice as likely to report strong talent, financial outcomes: survey https://www.benefitscanada.com/benefits/health-wellness/employers-focused-on-employee-well-being-twice-as-likely-to-report-strong-talent-financial-outcomes-survey/ Thu, 12 Sep 2024 19:00:47 +0000 https://www.benefitscanada.com/?p=159890 Employers that are highly focused on employee well-being are twice as likely to report better human capital and financial outcomes than companies with low well-being effectiveness, according to a new survey by WTW. The survey, which polled more than 3,600 global employers and more than 45,000 employees, found 69 per cent of highly effective employers reported […]

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]]> Just 42% of U.S. workers confident they’re saving enough for retirement: survey https://www.benefitscanada.com/pensions/retirement/just-42-of-u-s-workers-confident-theyre-saving-enough-for-retirement-survey/ Tue, 03 Sep 2024 19:00:47 +0000 https://www.benefitscanada.com/?p=159711 Just two-fifths (42 per cent) of U.S. employees say they feel highly confident they’re on track to save what they need in retirement, according to a new survey by LiveCareer. The survey, which polled more than 1,000 U.S. workers, found six in 10 said they fear retirement more than death (61 per cent) or the idea […]

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]]> 20% of U.S. workers aren’t currently saving for retirement: survey https://www.benefitscanada.com/news/bencan/20-of-u-s-workers-arent-currently-saving-for-retirement-survey/ Fri, 23 Aug 2024 13:00:12 +0000 https://www.benefitscanada.com/?p=159141 A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more than 2,000 U.S workers, found nearly two-thirds (61 per cent) of men said they’ve been saving for retirement for a while, compared to 52 per cent of women. Across generations, […]

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