One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy is helping to do just that. Roland Chiwetelu (pictured right), associate director of financial wellness, Eckler Ltd. One expert suggests employers bridge their knowledge gap by finding ways to turn […]
As a financial institution that provides banking and wealth management services to customers, Meridian Credit Union ensures it also offers employees a comprehensive suite of services to support their financial wellness. This includes a defined contribution pension in which staff contribute a mandatory three per cent of annual earnings, with the employer contributing between three […]
The rising cost of living in the post-pandemic era has impacted all aspects of employees’ financial wellness, including retirement savings. In 2023, Hofmann-La Roche Ltd. examined the savings needs of its multigenerational workforce and determined more flexibility was required to encourage employees to set aside retirement savings, said Rana Kassab (pictured right), the company’s director […]
CAA Club Group’s holistic and data-driven approach to employee well-being led to a win in the Health/Wellness Program category for employers with more than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18. This is the second year in a row that CAA has won the award. “We know that we do […]
Roughly 200 employees of the Ontario Native Women’s Association are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The ONWA is a not-for-profit organization that works to empower and support Indigenous women and their families across Ontario, according to a press release. Previously, the employees were enrolled in a group registered retirement […]
Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee financial wellness in several ways, including a group registered retirement savings plan, financial advice and Financial Literacy Month webinars with sessions covering various financial topics. “In busy day-to-day work, it’s […]
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member Survey found plan members’ optimism that their retirement is on track declined to 56 per cent from 63 per cent in 2022, while three-quarters (73 per cent) said they’re worried they won’t have enough saved […]
Businesses that are planning to establish themselves in Quebec by way of expansion or acquisition should be aware of some unique aspects of the province’s pension and benefits laws. Employers are required to make a voluntary retirement savings plan available to their employees. In addition, provincial legislation prohibits ‘orphan’ or ‘grandfathering’ clauses that distinguish pension […]
Telus Communications Inc. is ensuring employees bring their best self to the job by supporting their well-being both in the workplace and at home, said Wade Domries, the company’s vice-president of global total rewards, during a session at Benefits Canada’s 2024 Vancouver Benefits Summit in May. The organization’s current approach to well-being started taking shape […]
Canadian companies, especially small- and medium-sized employers, are facing unprecedented challenges in attracting and retaining skilled and motivated talent. According to a recent survey by Robert Half Canada Inc., 42 per cent of Canadian employees have already started searching for a new job or are planning to do so in the first six months of […]