As a new year begins, many organizations are considering their strategies for benefits plan management in 2018 and beyond. Faced with the challenge of balancing employee needs and wants with changing workplaces and escalating plan costs, employers should prepare for a number of issues in the near future. Here are seven trends to watch in the coming year and beyond: […]
While employers will continue to address areas such as mental-health awareness training and chronic disease management in 2018, the following five trends will also be on the horizon for Canadian workplaces. 1. Mindfulness High stress levels in the workplace are leading to decreased focus and efficiency among employees. As a result, low workplace morale erodes productivity, and […]
Canadian xennials, those aged 34 to 40, are finding that the pressing expenses of daily life are getting in the way of saving for retirement, according to a new survey by TD Canada Trust. The survey polled Canadians of all ages, including this micro generation between generation X and millennials. It found that 74 per cent of […]
The Workplace Safety and Insurance Board is taking a more holistic approach to workplace wellness by putting financial fitness on the same pedestal as physical well-being and mental health. “Traditionally, workplaces have focused on physical wellness and dedicated a lot of resources to it at the expense of overlooking the mental and financial aspects of […]
Poor financial well-being is a growing problem, impacting Canadian employees’ on-the-job performance, health and absenteeism rates, according to a new survey by Willis Towers Watson. Its survey found that 23 per cent of respondents identified themselves as struggling. Among that group, almost half said that worries about finances were preventing them from performing their best at work. More than […]
When it comes to workplace wellness, health and wealth must go hand in hand, according to a speaker at the recent Mental Health Summit in Toronto. Eric Pfeiffer, a senior health management consultant at Manulife Financial Corp., told attendees at the Nov. 7 event that dealing with financial fitness is similar to dealing with mental […]
In its sixth year of offering employees educational workshops during Financial Literacy Month, Western University has changed its approach this time by delivering information on a range of topics rather than just the organization’s pension plans. In the past, the university has used the financial literacy focus to communicate the details of its two defined contribution plans, […]
More than three-quarters (79 per cent) of Canadians aged 35 to 54 are worried about not having enough money to retire when they want to, according to a new survey by CIBC. The survey, which polled more than 1,500 Canadian adults, found the vast majority (85 per cent) agreed they need to save more money, but 64 […]
Nearly half (49 per cent) of Canadians don’t consider an inheritance part of their long-term financial future, according to a new survey by investment firm Edward Jones Canada. The survey also found 50 per cent of respondents between ages 18 and 54 who earn less than $40,000 per year said they don’t expect an inheritance, while 61 per […]
While Allstate Insurance Co. of Canada provides several financial education and information sessions to employees throughout the year, it’s focusing on the importance of financial literacy this November to align its offerings with Canada’s Financial Literacy Month. “Financial wellness is actually a key component of our healthy workplace strategy at Allstate,” says Adrianne Sullivan-Campeau, the organization’s vice-president of human resources. Read: Just […]