The prolonged coronavirus pandemic’s effect on working Canadians’ financial well-being persists, with the stress taking a toll on their savings and their productivity in the workplace, according to a new survey by LifeWorks Inc. Although Canadian workers’ financial well-being score for April is negative 2.2, a slight improvement from February’s negative 2.8, the survey found […]
As employers begin rebuilding the workplace once the coronavirus pandemic recedes, their group benefits plan will be their best tool — and ally — to help employees regain their health and wellness footing, said Jennifer Katzsch, regional vice-president of Western Canada at Desjardins Insurance during Benefits Canada‘s 2021 Benefits & Pension Summit. As with past crises, […]
With many employees struggling with finances since the coronavirus pandemic started last March, two experts weigh in on the viability of offering a workplace emergency savings benefit. Elizabeth Mulholland, chief executive officer of Prosper Canada Policy-makers should absolutely be considering ways to facilitate a wider range of affordable, quality workplace savings options and to more […]
Year two of the coronavirus pandemic is already revealing fault lines between how the youngest and oldest generations of U.S. employees are coping with the effects of the shift to remote working on their well-being, found MetLife Inc.’s annual U.S. employee benefit trends survey. Although employees across all generations feel their holistic well-being — which […]
For the fourth consecutive year, reviewing fees is the most important step defined contribution plan sponsors are taking to improve their fiduciary positions, with fees identified as the main priority for 2020, according to a new survey by U.S.-based investment consulting firm Callan. “With the amount of fee-related project work we see, it’s not surprising […]