The majority (80 per cent) of Canadian executives in the finance industry would be willing to provide tuition reimbursement or professional development for new employees without a degree, according to a survey by Robert Half Canada Inc. The survey, which polled 270 Canadian finance leaders, found 81 of small organizations and 67 per cent of larger […]
More than two-thirds (69 per cent) of Canadians would choose a new job with a group savings plan instead of staying at a current job without one, according to a new survey by Nest Wealth Asset Management Inc. The survey also found money is the leading stressor (42 per cent) for Canadian workers, cited ahead of work (23 […]
Indigo Books & Music Inc. is the first national employer to pilot the Great-West Life Assurance Co.’s student debt savings program. Employees in the program will receive a matching contribution, up to a maximum, to their retirement savings account within Indigo’s group retirement plan for every payment they make to their Canadian or provincial government student loan. […]
Stress related to financial well-being has a major impact on the workforce, according to a new report by Arthur J. Gallagher and Co. With Canadians loaded down by major debt and with many lacking proper retirement savings, employees are more likely to be distracted at work and older workers are more likely to stay in the workplace for longer because […]
Nearly half (46 per cent) of Canadian employees said financial stress is impacting their workplace performance, according to a new survey by the Canadian Payroll Association. The survey also found that Canadian employees are more concerned with work-life balance (33 per cent) than they are with earning higher wages (26 per cent). This is especially true of […]
Cashiers will often ask Canadian consumers if they’d like to donate to a charity as they pay for items at retail stores. But what about applying the concept to retirement savings? A pilot project in Mexico is taking voluntary contributions at the checkout counter to a whole new level by nudging people who are buying […]
A lack of benefits, including medical, dental and disability, is the biggest challenge of working in the gig economy, according to a new survey by BMO Wealth Management. Among 1,000 Canadian small business owners surveyed, 69 per cent said a lack of medical, dental or disability benefits is the largest financial downside to working in the gig economy. Broken down by age group, 87 […]
Two-thirds (63 per cent) of North American employers offer financial education to their staff and a further 19 per cent are considering doing so, according to a new survey by the International Foundation of Employee Benefit Plans. The survey, which queried 448 organizations from Canada and the United States, found that, among employers that do offer financial […]
Canadians’ personal finances have an impact on their health, with just 26 per cent of people in poor health describing their financial situation as excellent or very good. That compares to 59 per cent of those in excellent or very good health, according to the 2018 Sanofi Canada health-care survey. In addition, the survey found […]
Alongside its financial impact, extreme weather takes a toll on absenteeism, mental health and disability claims, according to a new study by the Intact Centre on Climate Adaptation at the University of Waterloo. The research, funded by Manulife Financial Corp. and Intact Financial Corp., looked at homeowners in Burlington, Ont., after a storm in August 2014 left […]