financial well-being – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 49% of executive leaders say financial stress preventing frontline staff from doing best work: survey https://www.benefitscanada.com/benefits/health-wellness/49-of-executive-leaders-say-financial-stress-preventing-frontline-staff-from-doing-best-work-survey/ Mon, 15 Jul 2024 19:00:59 +0000 https://www.benefitscanada.com/?p=158117 Nearly half (49 per cent) of executive leaders say financial stress often or very often prevents their frontline workers from doing their best work, according to a new survey by Dayforce Inc. The survey, which polled more than 6,900 workers, managers and executives from companies with frontline workers across the globe, found 62 per cent of […]

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]]> 83% of U.S. workers concerned increasing cost of living, inflation will make it harder to save for retirement: survey https://www.benefitscanada.com/news/bencan/83-of-u-s-workers-concerned-increasing-cost-of-living-inflation-will-make-it-harder-to-save-for-retirement-survey/ Fri, 05 Jul 2024 13:00:19 +0000 https://www.benefitscanada.com/?p=157719 A majority (83 per cent) of U.S. workers say they’re concerned the increasing cost of living will make it harder to save for retirement and more than three-quarters (78 per cent) are concerned inflation will stay high, according to a new survey by the Employee Benefit Research Institute and Greenwald Research. The survey, which polled […]

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]]> Feds should make capital gains tax exemption permanent for employee ownership trusts: report https://www.benefitscanada.com/news/bencan/feds-should-make-capital-gains-tax-exemption-permanent-for-employee-ownership-trusts-report/ Fri, 21 Jun 2024 13:00:41 +0000 https://www.benefitscanada.com/?p=157040 Academics from the Canadian Centre for Policy Alternatives and the University of Victoria have released a report calling on the federal government to make permanent its new partial capital gains tax exemption for sales of existing firms to employee ownership trusts and extend it to worker cooperatives. In its 2024 budget, the federal government released further […]

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]]> 2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-top-100-pension-funds-report-employees-financial-wellness-moving-up-the-agenda-for-pension-plan-sponsors/ Fri, 21 Jun 2024 12:55:32 +0000 https://www.benefitscanada.com/?p=157051 When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]

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]]> 20% of U.S. workers say being able to save was their biggest financial worry last year: survey https://www.benefitscanada.com/benefits/health-wellness/20-of-u-s-workers-say-being-able-to-save-was-their-biggest-financial-worry-last-year-survey/ Wed, 12 Jun 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=156735 A fifth (20 per cent) of U.S. employees say contributing to their savings account has been their biggest financial worry in the last 12 months, according to a new survey by career website Zety.com. The survey, which polled 1,000 workers, found respondents have also been struggling with maintaining the same standard of living as they had […]

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]]> 63% of Americans worry more about running out of money than death: survey https://www.benefitscanada.com/pensions/retirement/63-of-americans-worry-more-about-running-out-of-money-than-death-survey/ Thu, 30 May 2024 13:00:49 +0000 https://www.benefitscanada.com/?p=156236 Nearly two-thirds (63 per cent) of Americans say they worry more about running out of money than death, up from 57 per cent in 2022, according to a new survey by the Allianz Life Insurance Co. of North America. The survey, which polled more than 1,000 employees with $150,000 investable assets, found generation X was […]

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]]> Top 5 HR, benefits, pensions and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pensions-and-investment-stories-of-the-week-3/ Fri, 17 May 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=155716 An article on the value that deferred profit-sharing plans can offer to small- and medium-sized employers was the most-read article on Benefits Canada.com this week. Here are the top five human resources, benefits, pensions and investment stories of the past week: 1. Sounding Board: How DPSPs can support SMEs’ retirement, talent management goals 2. CPPIB wants to […]

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]]> How PepsiCo Canada’s savings program is helping employees achieve financial security at any stage in life https://www.benefitscanada.com/archives_/benefits-canada-archive/how-pepsico-canadas-savings-program-is-helping-employees-achieve-financial-security-at-any-stage-in-life/ Fri, 10 May 2024 12:58:17 +0000 https://www.benefitscanada.com/?p=155285 PepsiCo Canada is baking flexibility into its retirement savings benefits to support employees’ financial security amid the rising cost of living. To help employees reach their retirement savings goal, the food and beverage company is matching employees’ bonuses up to 3.5 per cent, with the employer contribution automatically directed into their defined contribution pension plan. […]

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]]> How the ‘father of the 401(k)’ is still helping employees find retirement security https://www.benefitscanada.com/news/bencan/how-the-father-of-the-401k-is-still-helping-employees-find-retirement-security/ Wed, 08 May 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=155225 More than 40 years after Ted Benna conceived of what’s now known as the modern defined contribution pension plan structure, the so-called ‘father of the 401(k)’ is still trying to create a retirement savings plan that’s accessible for employees at all income levels. While working at Johnson Cos. in September 1979, Benna found a way […]

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]]> Younger workers in the U.S. feeling less confident about their financial security: report https://www.benefitscanada.com/news/bencan/younger-workers-in-the-u-s-feeling-less-confident-about-their-financial-security-report/ Tue, 07 May 2024 19:00:22 +0000 https://www.benefitscanada.com/?p=155228 Younger workers in the U.S. are feeling less confident about their financial security compared to those from older generations, according to a report by LIMRA. The report found more millennials (55 per cent) and generation Z (44 per cent) workers were concerned about having enough money saved for a comfortable retirement, compared to generation X […]

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