As Canadians face the dual effects of the rapidly rising cost of living and interest rates, the resulting financial stress has major implications for plan sponsors, said Valérie Fernandez, senior advisor of workplace health best practices and strategic support for group insurance at Beneva, during Benefits Canada‘s 2023 Healthy Outcomes Conference in October. Indeed, employers […]
As the proportion of Canadians living with one or more chronic disease continues to rise, plan sponsors have the opportunity to provide specific solutions to some of the most common conditions in their employee population, said Karen Callaghan, senior director of chronic disease education and patient support at Novo Nordisk, during Benefits Canada‘s 2023 Healthy […]
Long before the coronavirus pandemic upended the workplace and impacted absence and disability management, employers have been rethinking these programs by taking a proactive approach. Lululemon Athletica Inc.’s accommodations program supports employee financial well-being and building employer trust by allowing employees to continue working as much as possible, said Jared Fu (pictured right), the apparel […]
About a year before the onset of the coronavirus pandemic, Algonquin College updated its disability management program. The timing set the Ottawa-based college up for success when the crisis hit, says Jessica Myers, its acting manager of wellness and abilities, allowing her team to focus on proactive supports, knowing case management was well in hand. […]
Employees who have unlimited vacation are 43 per cent more likely to feel a sense of belonging at work, according to a new survey by Achievers Solutions Inc. The survey, which polled more than 3,500 employees in Australia, Canada, Singapore, the U.K. and the U.S., found employees with unlimited vacation also reported higher levels of […]
A group life insurance policy can support employee financial and mental wellness as they pay off debt, mortgages and other liabilities, says Kevin Dorse, assistant vice-president of strategic communications and public affairs at the Canadian Life and Health Insurance Association. “Knowing they have a confirmed payout amount upon death gives comfort to an employee and […]
An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Fidelity Canada wins award for focusing on flexibility amid return-to-office rollout 2. CPP maximum pensionable earnings increasing to $68,500 […]
The documentation of formal diversity, equity and inclusion policies and approaches is one of the most significant changes to the Canadian workplace over the last decade. Progress of this magnitude seldom comes quickly. Employers are being asked tough questions about their implementation of the goals they’ve laid out — and they’re not always getting great […]
TD Synnex Canada is modernizing its employee benefits plan by getting the best value for money while still protecting employees from a mental-health and well-being perspective, according to Shana Kapustin, the global information technology company’s senior director of human resources, speaking during an event hosted last week by the Group Insurance and Pharmaceutical Committee. “We’ve gone […]
Among baby boomers with a chronic physical or mental-health condition that requires medication or treatment (49 per cent), a third (32 per cent) have changed or considered changing their retirement plans to pay for health-related costs, according to a new survey by Sun Life Financial Inc. The survey, which polled 750 baby boomers and 750 […]