General Motors and the union representing Canadian auto workers reached a tentative contract agreement Tuesday, ending a strike that began just after midnight. About 4,300 striking workers at two GM factories and a parts warehouse returned to work Tuesday afternoon and will vote on the three-year deal later. The tentative agreement with GM follows the pattern […]
Three-quarters (74 per cent) of U.S. employers say they increased their communications about compensation and benefits in 2023, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 4,000 U.S. companies, found roughly half (53 per cent) rated their employees’ understanding of compensation and benefits as excellent or good. […]
An article on how employers can support workers’ savings amid the rising cost of living was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers play crucial role in supporting employees’ savings amid rising cost of living: expert 2. Average cost of employer-sponsored health benefits expected […]
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 […]
The majority (80 per cent) of Canadian employees say they consider a small- and medium-sized employer’s health benefits before accepting a new role and 73 per cent of SME workers with a benefits plan say they’d stay with their current employer even if they were offered more money elsewhere, according to a new survey by Blue Cross […]
The average cost of employer-sponsored health benefits in Canada is expected to decline to five per cent in 2024, down from 7.5 per cent in 2023, according to a report by Aon. The report, which is based on insights from more than 100 global Aon offices that broker, administer or advise on employer-sponsored medical plans, found […]
A third (32 per cent) of Canadian employees say cost/affordability is the top barrier to getting mental-health support, according to the latest mental-health index by Telus Health. The survey, which polled 3,000 respondents, found lack of available care/long wait times (16 per cent) and not knowing where to get care or what type of care […]
While employees’ overall view of their employer’s workplace mental-health efforts are on the rise, workers were 49 per cent less likely to say their employer made significant positive changes to support mental health in 2023 compared to 2022, according to a new report by LifeSpeak Inc. and Lighthouse Research & Advisory. The report, which consisted […]
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 […]
Canada’s life and health insurers paid out a record $114 billion in health and retirement benefits last year, up $11 billion since before the coronavirus pandemic and up 60 per cent from a decade ago, according to the Canadian Life and Health Insurance Association’s annual fact book. “During a year when many households faced higher […]