Canadians say they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, when Canadians estimated they’d need a nest egg of $1.4 million, according to a new survey by BMO Financial Group. The estimate is the largest since the bank first began surveying Canadians about their retirement expectations […]
More than half (59 per cent) of generation Z workers and a third (31 per cent) of millennials say they have yet to start saving for retirement, according to a new survey by IG Wealth Management. The survey, which polled more than 1,500 Canadian workers, found 63 per cent of respondents believe $1 million in […]
In 2021, the Saskatchewan Healthcare Employees’ Pension Plan set out to gauge just how well-versed its 60,000 members were about their defined benefit pension plan. The SHEPP launched a six-week survey focused on member demographics, their perception and understanding of the plan, expectations, communications preferences and interest in retirement topics. The survey yielded interesting results, […]
Amid an ongoing labour shortage, employers of all sizes and sectors are increasingly embracing diversity, equity and inclusion. A recent Statistics Canada report found, as baby boomers retire, immigration has been a driving force behind workforce growth. Meanwhile, younger workers are voting with their feet — no longer satisfied with performative DEI statements, they’re looking […]
Half (50 per cent) of Canadian employees say they’re currently looking for a new job or plan to begin their search in the first half of 2023, up from 31 per cent in June, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 employees, found employees who’ve been […]
Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security and Aon. It found U.S. state and local employees in a typical public defined benefit pension plan need to save roughly four to six per cent of their salary on their […]
More than two-thirds (67 per cent) of U.S. employees say concerns about a recession are impacting their mental health, according to a new survey by Principal Financial Group. The survey, which polled 500 employers and 200 employees, found this percentage increased among millennials (79 per cent) and generation Z (76 per cent). Nearly three-quarters of […]
More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial wellness benefits, according to a new survey by software platform TalentLMS. The survey, which polled 1,000 employees, found 73 per cent said their employer offers financial wellness benefits. The top […]
Nearly all (97 per cent) employees aged 18 to 34 say they’re feeling burned out, according to a new survey by Cigna Corp. The survey, which polled about 12,000 employees from across the globe, found half (51 per cent) of young workers said they don’t feel fully present or engaged in their work and 48 […]
Nearly two-thirds (63 per cent) of U.S. employees would choose better work-life balance over better pay, compared to 31 per cent who said the opposite or six per cent who were unsure, according to a new survey by FlexJobs. The survey, which polled 4,000 workers from generation Z, millennials, generation X, baby boomers and the […]