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 […]
In this unprecedented time, it’s more evident the physical, psychological and financial components of health are all interconnected, said Charmaine Alexander, senior disability management advisor at Desjardins Insurance, during a webinar hosted by Benefits Canada. Prior to the pandemic, in May 2018, Desjardins conducted a survey to measure these interactions to better understand how they […]
The pandemic changed our world and our jobs overnight and stretched compassion, empathy and flexibility to the limit. There has never been a better time to reconsider everything about employee benefits. For me as a benefits consultant, the crisis has highlighted how unprepared the typical benefits plan is to truly support the needs of employees in […]
Among Canadians with a retirement plan, 77 per cent said they’re confident they’ll have enough money to last the rest of their lives, compared to 52 per cent without one, according to a new survey by Franklin Templeton Canada. The survey, which was conducted in February, prior to the coronavirus pandemic, also found that among […]
Even as Canada begins to reopen from coronavirus lockdown, uncertainty remains high and Canadians need employer mental-health supports more than ever. According to Morneau Shepell Ltd.’s latest mental-health index, Canadians’ mental-health score sat at negative 11 in June. The index measures the score based on a pre-2020 benchmark of 75. While June’s score was one […]
During the coronavirus pandemic, employers and employees have seen major changes to their group retirement plans. For example, many employees who were able to continue working during the pandemic have seen employer contributions reduced or fully suspended. And some employees have seen this in addition to a pay cut or reduced hours. Of course, financial wellness has […]