While fewer than half (42 per cent) of U.S. employers are currently offering financial wellness programs, that number is set to almost double to 80 per cent by 2023, according to a survey by the Massachusetts Mutual Life Insurance Co. The survey, which questioned nearly 900 U.S. employers, found 90 per cent of respondents said their primary reason for […]
Once again, we’re experiencing volatile markets. During these times, it’s common to hear the following statements: It isn’t time to panic. This has happened before. Make sure the pension plan’s asset mix is correct. While these messages may be good advice for individual investors, defined contribution plan sponsors should be considering how to help their employees. Here are […]
Should I stay or should I go? That’s the question employees are asking regarding their retirement, but they’re getting mixed answers from their employers. In a survey by MetLife Inc., half (55 per cent) of U.S. employers said they’d prefer older workers to retire to make room for the advancement of younger employees. The other 45 […]
Employers promote competition, interactive booths and benefits information to engage employees in their wellness offerings. “Someone lasted seven minutes,” says Stephanie Enright, the Mississauga, Ont. company’s director of talent management and administration. “Our employees really like the competitiveness, and these activities help draw people to the health fair.” Over the last decade, the organization’s health […]
CSA Group’s vice-president of total rewards talks mental health, well-being programs and travelling with her family. Q. What top challenges do you face in your role? A. We’re in 13 countries and we have some global programs — our employee assistance program and business travel accident [insurance] — but then we also have to develop […]
Canadian workers don’t think they’ll have enough savings for their retirement, according to two new surveys. While 68 per cent of respondents said they’re currently saving for retirement, 70 per cent are worried they aren’t saving enough, according to a Scotiabank survey. Of the 32 per cent who aren’t saving for retirement, almost half (45 per […]
More than three-quarters (76 per cent) of Canadians said the support offered by their employer around mental health is critical to how they view their workplace, according to a new survey by Morneau Shepell Ltd. Speaking at Morneau Shepell’s annual mental-health summit in Toronto on Wednesday, Paula Allen, the organization’s senior vice-president of research, analytics and […]
As holiday bills come due, resolutions to save more are forgotten and Blue Monday — touted as the most depressing day of the year — arrives, new research has found financial wellness among working Canadians is about more than just the size of their paycheque. The survey, by the Canadian Payroll Association and the Western-Laurier […]
Financial well-being benefits are on the rise in North America, according to a new survey by WorldatWork. Among the companies surveyed, 70 per cent said they currently offer financial well-being benefits, more than half said they intend to expand these benefits and 35 per cent said they’ve increased spending in this area. “Financial benefits play a critical […]
Strong competition to attract and retain talent will drive employers to adopt holistic employee wellness strategies in 2020, according to the Workforce Institute at Kronos Inc.’s global workforce predictions for the year. “We have these war for talent issues going on everywhere,” says Joyce Maroney, executive director at the Workforce Institute. “One of the ways […]