The percentage of U.S. employers offering new or additional voluntary benefits increased by 41 per cent during the 2022 enrolment period, according to a new survey by Aon. The survey attributed this growth to employers’ talent retention and attraction strategies, as well as employee demand for supplemental health insurance products during the coronavirus pandemic. The […]
The union representing workers at three Ontario casinos has ratified a series of collective agreements that will provide improved pensions and health benefits for employees. Members of Unifor Local 444 at the Caesars Windsor ratified a three-year collective agreement that includes a one per cent enhancement to its defined contribution pension plan, as well as […]
Using a real-time benefits scoring tool, Targeted Strategies Group is making changes to its benefits plan to enhance its employee value proposition amid a tight labour market. Since 2017, the insurance brokerage firm, which has 142 employees, has used CloudAdvisors’ benefits ranking tool to gauge whether it’s accomplishing the goals it’s set out to achieve […]
With climate change impacting the lives of Canadian employees, there’s a range of things employers can do to tackle the issue head on. As people in the southern and coastal regions of B.C. cope with catastrophic atmospheric rivers, SAP Labs Canada is among the employers that’s ready to support workers. Agnes Garaba, chief operating officer […]
As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts. In October, the Canadian inflation rate increased year over year by a record 4.7 per cent, the largest increase since February 2003, according to Statistics Canada. The Bank of Canada […]
Five years ago, Rolls Royce Canada Ltd. realized its insurer and one of its European divisions’ insurers had separate reinsurance through a larger multinational company, so it worked out a deal to pool both divisions’ insured benefits. As a multinational company with more than 50,000 global employees, the automaker was an ideal candidate for a […]
More than a third (38 per cent) of plan sponsors are planning to update their benefits plan design by the end of this year, on par with those that did so in 2020 (39 per cent), according to a survey by Arthur J. Gallagher Canada Ltd. The survey, which polled more than 500 Canadian plan […]
The majority (87 per cent) of U.S. millennial employees are more interested in certain benefits this year, with life insurance (39 per cent) topping the list, followed by financial planning tools (34 per cent), dental insurance (31 per cent) and legal plans (29 per cent), according to a new survey by Rainmakers CSI for MetLife […]
New collective agreements for two separate groups of employees include improvements to health benefits and work-life balance. The negotiations between Federated Co-operatives Ltd. and Unifor, which have been bargaining since the last collective agreement expired on Aug. 31, 2020, include improvements to benefits, increased scheduling flexibility and a one per cent wage increase in each […]
The Royal Canadian Mounted Police group life insurance and disability income insurance plans are now available to members via a secure, self-service digital platform. When the contract with their previous insurance administrator expired, the RCMP began a search for a new provider that could offer flexibility that matched their members’ lifestyle. As of June 14, […]