Millennial workers who rent for their entire careers must save 50 per cent more than homeowners in order to have a sufficient monthly income in retirement, according to a new report by Mercer Canada. The report, which analyzed findings from Mercer’s database, found millennials who rent need to save eight-times their annual salaries to retire […]
While U.S. workers aged 45 and older believe it takes, on average, $1.1 million in savings to retire comfortably, just 21 per cent expect to reach this goal, down from 24 per cent in 2022, according to a new survey by Schroders. The survey, which polled more than 2,000 employees, found more than half (59 […]
More than two-thirds (68 per cent) of Canadian workers say their employer’s focus on employee safety and well-being drives trust in the company’s brand, according to a new survey by Proof Strategies. The survey, which polled more than 1,500 employees, also found more than half of respondents said employers that are committed to diversity and […]
Amid the shift to remote and hybrid working arrangements, employers should ensure their after-hours social events are “easy, intentional and sincere,” says Kim Siddall, vice-president of enterprise consulting in the west at People Corporation. “The [coronavirus] pandemic gave employees permission to start opting out of aspects of [workplace] culture they didn’t really like. They’ve also […]
More than half (59 per cent) of generation Z workers and a third (31 per cent) of millennials say they have yet to start saving for retirement, according to a new survey by IG Wealth Management. The survey, which polled more than 1,500 Canadian workers, found 63 per cent of respondents believe $1 million in […]
Amid an ongoing labour shortage, employers of all sizes and sectors are increasingly embracing diversity, equity and inclusion. A recent Statistics Canada report found, as baby boomers retire, immigration has been a driving force behind workforce growth. Meanwhile, younger workers are voting with their feet — no longer satisfied with performative DEI statements, they’re looking […]
Half (50 per cent) of Canadian employees say they’re currently looking for a new job or plan to begin their search in the first half of 2023, up from 31 per cent in June, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 employees, found employees who’ve been […]
Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security and Aon. It found U.S. state and local employees in a typical public defined benefit pension plan need to save roughly four to six per cent of their salary on their […]
More than two-thirds (67 per cent) of U.S. employees say concerns about a recession are impacting their mental health, according to a new survey by Principal Financial Group. The survey, which polled 500 employers and 200 employees, found this percentage increased among millennials (79 per cent) and generation Z (76 per cent). Nearly three-quarters of […]
Two-fifths (40 per cent) of all U.S. private sector employees don’t have an employer-sponsored retirement plan and non-white workers have the least access to these plans, according to a report by T. Rowe Price Group Inc. It found that, while 58 per cent of white employees had access to workplace retirement plans, this percentage decreased […]