PepsiCo Canada’s 2024 Workplace Benefits Awards win demonstrates how weaving diversity, equity and inclusion into strategic business practices can foster employee mental health and wellness. The food and beverage company’s inclusive end-to-end business transformation strategy made it this year’s winner in the DEI Program category. “It’s so fantastic that all of our hard work has been […]
A third (34 per cent) of U.S. employees aged 50 and older are phasing into retirement, according to a new survey by WTW. The survey, which polled 10,000 U.S. employees working at medium- and large-sized private sector companies, found among workers who are currently phasing into retirement, six in 10 (61 per cent) have reduced […]
Just five per cent of U.S. employers say they’re offering a four-day workweek as a flexible working arrangement for employees, according to a new survey by the International Foundation of Employee Benefits Plans. The survey, which polled more than 300 employers, found one per cent said they’ve already formally implemented a four-day workweek or are piloting […]
An article on the federal government’s plan to scrap Canada mortgage bonds and the potential impact on pension funds was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC […]
Three-quarters (76 per cent) of U.K. employers think it’s important to retain employees over age 50, with almost a third (32 per cent) saying it’s very important, according to a new survey by Aviva. It also found 10 per cent of employers have introduced support over the last year for retaining employees aged 50 or […]
Many employers are welcoming retirees back to their workforces to counter what some are calling the ‘Great Labour Shift.’ As the coronavirus pandemic shifts the labour market in favour of workers, employees across the globe are taking the opportunity to rethink where and how they work. In 2022, more than 50 million U.S. workers quit […]
An article on how much money Canadians think they’ll need in retirement was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canadians believe they need $1.7 million in savings to retire: survey 2. FSRA promoting retirement planning with Pension Awareness Day 3. Survey finds 59% of […]
Despite an ongoing labour shortage, just a quarter (25 per cent) of Canadian employers offer semi-retirement arrangements, according to a new survey by the Harris Poll on behalf of Express Services Inc. Semi-retirement — or phased retirement — is a period of time during which a person stops working full time and begins working fewer hours. […]
As more retirees remain on the job, companies should consider phased retirement arrangements
For generations, the concept of retirement centred around a one-time event: you worked to age 65, then your employer sent you off with a gold watch and your DB pension. But just as DB pension plans have begun to fall out of favour in recent years, so, too, has the concept of retirement changed.