It’s the only story around these days. COVID-19 — the coronavirus — has broken out all over the world, leading to strain on health-care resources, uncertainty in capital markets and strict social distancing and lockdown measures from governments. The pandemic is naturally causing fear, anxiety and uncertainty, both among employees and among managers. But here’s […]
With the federal government easing the withdrawal requirements for registered retirement income funds in a bid to alleviate the harm to retirees’ portfolios caused by the coronavirus-spurred market crash, the industry is suggesting similar measures for other retirement arrangements. “Canadians who are about to turn money into income will be faced with the decision of […]
Employers that want to see their wellness programs pay dividends need to develop a strategy that’s rooted in behavioural science. “This idea of ticking a box on wellness is not working anymore,” said Cynthia Hastings-James, co-founder of BestLifeRewarded Innovations, during a webinar hosted by the Canadian Pension and Benefits Institute on Thursday. “It really needs […]
The British Columbia government says it will be deferring employer health tax payments until September 30. The measure, introduced on Monday, is for employers with a payroll over $500,000 since businesses with a payroll under this threshold are already exempt from the tax. The provincial government is also providing a tax-free $1,000 payment to people […]
IBM Canada Ltd.’s director of HR talks data and analytics, holistic employee health and playing the piano Q. What top challenges do you face in your role? A. I want to help employees understand and fully leverage all of our benefits offerings. IBM provides competitive retirement saving vehicles and financial management tools, but I always […]
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 […]