Data analysis, education and early intervention are the key components of First West Credit Union’s Live Well employee health program, according to Liz Bailey-Connor, the organization’s chief people and culture officer, speaking during a session at Benefits Canada’s 2023 Mental Health Summit. “We were hearing from employees that they felt overwhelmed and, in some cases, […]
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The workshops cover topics such as using a budget to manage cash flow, how to plan for future goals and how to save on grocery bills amid rising inflation and food prices. […]
When Desjardins Insurance launched a study to redefine employee health and well-being, an unexpected finding came through loud and clear: Canadian employers and insurers should be paying much closer attention to millennial plan members. Millennials are a cohort of people born between 1980 and 1996. Since 2016, the generation has comprised the largest segment of […]
Nearly 50 employers gathered at the Omni King Edward Hotel in Toronto on Oct. 20 for Benefits Canada’s 2023 Healthy Outcomes Conference, a premier event for employers to exchange ideas and best practices for achieving improved employee health outcomes and enhanced organizational performance. Through several presentations, delegates heard about chronic disease, health and disabilities trends, […]
As Canadians face the dual effects of the rapidly rising cost of living and interest rates, the resulting financial stress has major implications for plan sponsors, said Valérie Fernandez, senior advisor of workplace health best practices and strategic support for group insurance at Beneva, during Benefits Canada‘s 2023 Healthy Outcomes Conference in October. Indeed, employers […]
An article on how the Royal Bank of Canada is marking Financial Literacy Month was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. RBC educating employees, reducing stigma around money matters through financial wellness hub 2. CPPIB returns 0.1% in Q2 2024, led by credit, private […]
Hydro Ottawa Ltd. is marking Financial Literacy Month by promoting tools and resources for employees grappling with the rising cost of living, says Donna Burnett Vachon, the company’s director of change and organization development. “We see [the impact of the rising cost of living] every day from people who have increasing rental costs to even just […]
About a third (32 per cent) of defined contribution pension plan sponsors that currently don’t use a financial wellness program say it’s because they don’t expect employees to take advantage of it, according to a new survey by Cerulli Associates. However, the survey also found financial wellness programs have grown to become a key component of […]
A group life insurance policy can support employee financial and mental wellness as they pay off debt, mortgages and other liabilities, says Kevin Dorse, assistant vice-president of strategic communications and public affairs at the Canadian Life and Health Insurance Association. “Knowing they have a confirmed payout amount upon death gives comfort to an employee and […]
More than half (57 per cent) of U.S. women say they don’t earn enough to save for retirement and 26 per cent say they agree strongly with this statement, according to a new survey by the Transamerica Institute. The survey, which polled more than 5,600 employees, found while a similar percentage (50 per cent) of […]