Benefits Canada is proud to announce the finalists of the 2020 Workplace Benefits Awards. While this year’s entry and judging process occurred during the coronavirus pandemic, almost 100 leading employers embraced the opportunity to share their organization’s innovative initiatives and strategies. In fact, Benefits Canada even introduced a new category — Coronavirus and benefits — which received the most entries, so we divided […]
The average Canadian employee will have to accumulate 10.9 times their final pay to maintain the same spendable income once they retire, according to a new report by Aon. The report defines retirement income adequacy as having the same spendable income after retirement as before, taking into account changes in savings, taxes, medical expenses and […]
Before its benefits redesign, WSP Canada Inc. had a simple but effective idea: when you hear a good idea, write it down. “On an ongoing basis, we have an enhancement wish list that we maintain,” said Chantelle Tadman, benefits and wellness lead at the professional services firm, during a session at Benefits Canada‘s 2020 Plan Sponsor […]
Quebecers are more likely to start taking benefits from the Quebec Pension Plan at age 60 than other Canadians with their Canada Pension Plan benefits, according to a new study from the Institute for Research on Public Policy. While deferring benefits is financially advantageous for some, the study found it might be prudent for single people and […]
Dialogue is expanding its health-care services by introducing an employee assistance program. The mobile-first EAP, which will be integrated into the company’s virtual-care services, aims to connect employees with the right professional quickly through an easy-to-use app. Employees will receive quick virtual access to practitioners across multiple disciplines, including mental health, financial services, legal support, […]
With financial worries swirling through the minds of many employees as the economic impacts of the pandemic rage, some segments of employee populations may be feeling worse about their finances than others and it’s important for employers to be able to discern who’s struggling the most, according to a new report from U.S.-based think tank Financial […]
Despite the coronavirus pandemic’s severe and disproportionate impact on the health of aging adults, older Canadians say they’re coping far better than younger demographics, according to a new study by Edward D. Jones & Co. in partnership with Age Wave, a U.S.-based think tank focused on issues relating to aging populations. The study, which included […]
Four in five (80 per cent) Canadian employers believe they have the appropriate programs and practices in place to support employees’ mental, physical, emotional and financial well-being as they return to the workplace and settle into a new normal, according to a new survey by Mercer Canada. The survey, which examined Canadian organizations’ preparedness for returning to […]
More than half (58 per cent) of working Canadians said they feel more concerned about their financial situation due to the coronavirus pandemic, according to a new survey by the Canadian Payroll Association. The survey, which polled more than 4,000 employed Canadians, found 54 per cent said their company is facing serious economic impacts from […]
Even before the coronavirus pandemic, U.S. employers were beefing up their financial well-being offerings and starting to see positive results, according to a new survey by Buck. The survey, which polled more than 150 U.S. organizations, found employees’ financial stress is a top motivator for companies to invest in financial well-being programs. As well, 40 […]