While U.S. generation Z workers want to retire at age 61, 99 per cent of these employees say they’re facing obstacles to saving for a comfortable retirement, a nine per cent increase from 2022, according to a new survey by Charles Schwab & Co. Inc. The survey, which polled 1,000 401(k) plan participants, found the […]
A third (34 per cent) of employees say they’re willing to change jobs in the next 12 months, according to a new survey by EY. The survey, which polled 1,000 employees and 50 employers in Canada, found employer respondents said attracting (36 per cent) and retaining (32 per cent) talent are their top priorities. As well, a majority […]
In 2022, some of the top chronic conditions affecting group benefits plans were diabetes, obesity, depression and arthritis. Diabetes was the No. 1 ranked condition for drug claims in 2022, knocking rheumatoid arthritis down to the No. 2 spot, according to Telus Health’s annual drug plan trends report. And the 2023 Benefits Canada Healthcare Survey […]
Sixty per cent of Canadian employees say they’d be willing to accept a lower salary in exchange for flexible working hours or a remote working arrangement, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than 500 employers and more than 500 employees, found […]
Amid a challenging labour market, Canadian employers say attraction (64 per cent) and retention (57 per cent) are the top challenges impacting total rewards decisions, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 500 employers, found just a third (29 per cent) were concerned about benefits […]
An article on the new agreement between Ford of Canada and Unifor was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ford, Unifor agreement includes significant DC pension improvements, transition to DB plan 2. Alberta deserves more than half CPP assets if it exits program: report […]
While flexible working arrangements may render the traditional workday obsolete, concepts like triple-peak work hours may jeopardize the work-life balance employees are seeking. A report from Microsoft Corp. found triple-peak work hours — in which employees divide their workday over three separate blocks of time, including late in the evenings — are increasing in popularity. […]
Vancouver-based investment firm InvestX Financial Canada Ltd. is balancing flexibility, employee productivity and well-being by requesting all employees work onsite each Tuesday. The ‘Together Tuesdays’ initiative resulted from the challenge of aligning various teams’ schedules in order to make the best use of the time together, says Marcus New, founder and chief executive officer of […]
Every time I sit down to write my editorial for our annual Women’s Issue, now in its sixth year, the themes these issues highlight for women feel extremely personal to me. This year is no different. In this year’s Cover Story, on page 14, six women between the ages of 22 and 53 shared how […]
After years of viewing diversity, equity and inclusion as a side-of-the-desk issue, Canadian employers are increasingly considering it a top priority and integrating their organizational DEI goals into their benefits plans. While employers have been introducing DEI initiatives for years, incorporating these goals into benefits plans had been neglected, according to multiple panellists during Benefits Canada’s […]