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 […]
More than half (56 per cent) of people in the world’s 10 fastest growing economies have retirement goals at roughly twice the size of what they’re actually likely to have accumulated by age 60, according to a new report by multinational financial services company Standard Chartered. In the top 10 fastest growing economies — which include China, […]
In November 2018, Niagara Casinos set up a pop-up coffee shop, called NC Café, across its three locations for a week. It was part of the company’s annual pension communications strategy, which also includes messaging on the employee intranet, seminars, targeted mailings and plan updates on fee reductions, contribution increases or investment fund changes. “This […]
The majority (70 per cent) of U.S. employees said their top financial concern is saving enough money for retirement, according to a new survey by StanCorp Financial Group Inc. The survey, which polled 1,000 full-time U.S. employees between the ages of 21 and 69, also found 57 per cent said they’re also concerned about monthly […]
A majority of Canadian employees who are expecting to receive a holiday bonus this year want to put it towards their financial well-being, according to a new survey by Robert Half International. More than a quarter (27 per cent) of the 500 surveyed employees said they’re expecting a bonus this year. Nearly half (47 per cent) […]
It’s no surprise that FreshBooks takes its employees’ financial literacy seriously. The Toronto-based accounting software firm regularly holds lunch-and-learn workshops and hosts subject manner experts on a wide range of financial wellness topics, including investing basics and ethical investing, mortgages, building up savings and several aspects of tax preparation during tax season. It also offers […]