Employers that aren’t encouraging LGBTQ2S+ inclusivity stand to lose significant amounts of money due to turnover, lower employee engagement and decreased productivity, says Michael Bach, founder and chief executive officer of Canadian Centre for Diversity and Inclusion Consulting Inc. “The employers making real progress are the ones that recognize the benefit of action and the […]
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, […]
Walmart Inc. is teaming up with a fertility startup to offer benefits under its insurance plan that will help its U.S. workers expand their families. The retail giant is partnering with New York-based Kindbody to offer benefits such as in-vitro fertilization, as well as fertility testing regardless of sex, sexual orientation, gender identity or marital […]
While nearly three-quarters of U.S. executives (74 per cent) and workers (71 per cent) agree pay equity is a top priority, employees say there’s more work to be done on the issue, according to a new survey by the Harvard Business Review and human resources consultancy UKG. The survey, which polled more than 3,000 employees […]
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 […]
Nearly a third (30 per cent) of insurers are making changes to ensure there’s diversity among the medical providers within their networks, according to a new report by Mercer. The report found more than a quarter (27 per cent) of insurers said they’ve changed their eligibility access processes to make coverage more inclusive for LGBTQ2S+ […]
An open dialogue about diversity, equity and inclusion is vital for raising the resilience and overall wealth of pension plan members, said Ryan Weiss, vice-president of group customer national accounts at Canada Life, during a session at Benefits Canada‘s 2022 DC Plan Summit. Also speaking during the session, Elisha Ribeiro, the insurer’s national sales director […]
Diversity in leadership matters. It signals who belongs and shapes the aspirations of employees, as well as communities more broadly. In recent years, the convergence of regulatory requirements, investor expectations and consumer demands has fuelled increased attention on representation on boards and in leadership roles in Canada. For example, a responsible investment survey by the […]
More than two-thirds (70 per cent) of large U.S. employers are planning to beef up their benefits plans in 2023 to enhance their attraction and retention efforts, according to a new survey by Mercer. The survey, which polled more than 700 employers, found a third (32 per cent) of large employers already offer inclusive family-building […]
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 […]