The provision of employer-sponsored benefits has evolved significantly over the last 45 years, with the past decade ushering in the most consequential changes, fueled by technology, increased competition and demand. In the 80s and 90s, benefits plans were very siloed and one size fits all, says Chris Pryce, founder and president of Human Capital Benefits, […]
More than three-quarters (78 per cent) of plan sponsors say they’re concerned about the coronavirus pandemic’s long-term impact on the cost of health benefits plans, up from 71 per cent in 2021, according to the 2022 Benefits Canada Healthcare Survey. Among these respondents, 31 per cent strongly agreed with this statement, up from 23 per cent […]
In April 2022, Yelp expanded its insurance coverage for travel expenses for out-of-state medical procedures to include abortion. The increased coverage arrived three weeks before the leak of a first draft of a U.S. Supreme Court opinion poised to strike down the historic Roe v. Wade ruling, which guaranteed all American women the right to […]
The technology company’s senior benefits consultant on employee well-being, the importance of diversity, equity and inclusion and bikes races in Western Canada. Q: What top challenges do you face in your role? A: Although there can be day-to-day challenges supporting our employees across Canada, Amazon continues to support the increased needs created by the coronavirus […]
An article on HSBC Bank Canada’s new benefits offerings was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. HSBC adding coverage for fertility treatments, surrogacy, gender affirmation 2. Employee placed on unpaid leave over mask refusal not entitled to reasonable notice: Alberta court 3. LifeWorks acquiring […]
HSBC Bank Canada is enhancing its benefits plan by adding new coverage for fertility treatments, surrogacy and gender affirmation. The bank is introducing a surrogacy medical benefit up to a maximum of $30,000 per lifetime for eligible surrogacy medical expenses incurred by a surrogate and fertility treatments up to a maximum of $20,000 per lifetime for […]
While the latest stage of the coronavirus pandemic is heralding a gradual return to relative calm, plan sponsors are stepping out of the frying pan and into the fire. The pandemic accelerated the ongoing evolution in the relationship between plan sponsors and plan members, with employees now looking to their employers to help them manage […]
Beneva Inc. is enhancing its hybrid work policy to provide employees with more flexibility. The company is offering employees $1,000 to purchase ergonomic home office furniture and $240 for home internet upgrades. For employees working onsite, Beneva is offering free parking or an annual $500 commuter allowance for public transit. “We reviewed some of our working […]
BNP Paribas in Canada is expanding its employee benefits offering with up to $10,000 lifetime coverage for gender affirmation and fertility treatments. The bank is also adding eight weeks of paid paternity leave for new dads, as well as increasing its mental-health practitioner benefits to $1,000 and increasing the number of paid personal days from two […]
Manulife Financial Corp. is supporting its LGBTQ2S+ employees during Pride Month and beyond with speaker sessions and ongoing enhancements to its benefits plan. Throughout June, the insurer held numerous webinars, speaker series and learning sessions that continue to educate employees and support the company’s LGBTQ2S+ workers, said Michelle Taylor-Jones, the company’s global chief diversity, equity and […]