Once again, the end of year is near. Besides the extraordinary presence of vaccines and the movements in public health restrictions across the country, most Canadians are likely experiencing a significant déjà vu of late 2020. But despite a rather stagnant 2021, this year’s December issue heralds several promising signposts for the year ahead. We […]
As the coronavirus pandemic sent the global economy into a tailspin, many Canadians grew increasingly concerned about whether they’d amassed enough savings to weather the financial storm. “We’ve heard the narrative that Canadians are saving like they’ve never saved before,” says Elizabeth Mulholland, chief executive officer of Prosper Canada. “The reality is, when you look […]
Both employees and human resources executives are seeing the impact of personal financial stress on work productivity and performance during the coronavirus pandemic, according to a new survey by Morgan Stanley at Work. While 82 per cent of employer respondents said they’re worried that personal financial issues are affecting employees’ work productivity, 64 per cent of […]
A majority of Canadian employers believe providing workplace retirement savings plans can improve employee attraction and retention, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which polled 800 Canadian employers, found 88 per cent of those that offer a defined benefit pension plan said […]
Stories delving into how employers and employees are dealing with returning to the workplace dominated the top stories over the past week on BenefitsCanada.com, with three of the five stories focusing on this timely topic. Here are the five most popular news stories of the week: 1. RBC focusing on mental health as hybrid work model rolls out 2. SAP […]
Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]
More than a third (35 per cent) of employees said they’re considering leaving their job or are unsure about whether to stay with their company, according to the latest monthly mental-health index by LifeWorks Inc. Additionally, the mental-health scores of these groups (negative 21.9 and negative 16.7, respectively) were more than three-times worse than for […]
Canadian Forest Products Ltd.’s ongoing support for employees’ savings and retirement goals resulted in a win in the Financial wellness category at Benefits Canada’s 2021 Workplace Benefits Awards on Oct. 14. Launched in September 2020, Canfor’s three-year financial education program was initially offered to 1,100 salaried employees in Canfor’s defined benefit and defined contribution pension […]
Samsung Electronics Co. Ltd.’s comprehensive employee health and wellness strategy scored it a win at Benefits Canada‘s 2021 Workplace Benefits Awards on Oct. 14. The technology company won the award in the Health/wellness program category for an employer with fewer than 1,000 employees for its offerings that focus on helping staff “relax, refresh and recharge.” “We have [many] […]
3M Canada’s long-term focus on helping employees “refresh, re-energize and feel well” secured the company a win at Benefits Canada’s 2021 Workplace Benefits Awards on Oct. 14. The manufacturing company won in the Health/wellness program category for an employer with more than 1,000 employees for its ever-evolving comprehensive wellness program, called Empowering Healthy Living, that focuses on […]