Half of benefits plan members (49 per cent) and plan sponsors (48 per cent) say they have a health-care spending account in 2022, compared to 39 per cent of both plan members and plan sponsors that said the same in 2021, according to the 2022 Benefits Canada Healthcare Survey. In 2017, when this question was […]
A majority of plan sponsors (80 per cent) and plan members (77 per cent) described the quality of their health benefits plans as excellent or good, according to the 2022 Benefits Canada Healthcare Survey. Employers with 500 or more employees (86 per cent) were more likely than those with fewer than 50 employees (72 per […]
LifeLabs Inc.’s 2021 Workplace Benefits Awards win is helping the company communicate the value of its mental-health support offerings to employees. The organization’s holistic wellness strategy took home the mental-health program award for companies with more than 5,000 employees. When the coronavirus pandemic hit in March 2020, LifeLabs strengthened its mental-health strategy to address employees’ […]
Samsung Electronics Co. Ltd.’s 2021 Workplace Benefits Awards win is generating discussion and the sharing of ideas with other WBA recipients and nominees, says Merlyn Sequeira, the organization’s director of total rewards, payroll, recognition, wellness and human resources systems. “There were a few ideas that came from those discussions which I thought I could leverage and […]
Over the course of the coronavirus pandemic, health-care spending and wellness accounts have been vital tools in employers’ support toolboxes. Whether it’s increasing the dollar amount allotted to these accounts or broadening the eligible services covered under wellness accounts, employers are maximizing these offerings to help employees endure the prolonged public health crisis. Since HCSAs […]
Canadian employers are turning their focus to updating their benefits plans and ensuring a strong employee experience in an effort to address the challenges employees are facing in the coronavirus pandemic and to attract key talent in a tight labour market. “Many companies are adding new services to their benefits plans to support their employees […]
A majority (92 per cent) of Canadian employees feel they’re at risk of experiencing burnout as the coronavirus pandemic drags on, according to a new survey by Mercer. The survey, which polled 11,000 employers and employees from 16 countries, found 59 per cent of employer respondents are concerned about high employee sickness/absence rates and remote […]
In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees have varying financial priorities. “Overall, we have a very diverse employee base,” says Ken Adams, the financial services company’s vice-president of total rewards. “Someone who is a few years out […]
Canadian employers looking to redesign their benefits plans are in a holding pattern until they hear more details on the Liberal Party of Canada and the New Democratic Party’s joint proposed national dental-care and pharmacare programs. Last week, the two parties announced plans to form an alliance until 2025 in order to deliver these programs […]
Nearly half (47 per cent) of employers say their workforce attrition was higher in 2021 than it was in 2020, according to a survey by Rebel & Co. on behalf of Morgan Stanley at Work. The survey, which polled equity leaders from more than 400 global companies, found 32 per cent of respondents are looking […]
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