Three-quarters (74 per cent) of employers cite cost as the most important aspect to consider when designing and reviewing their benefits plans, followed by employee attraction and retention (63 per cent), according to a new survey by MBWL International Ltd. and Normandin Beaudry. Daniel Drolet, a senior partner at Normandin Beaudry, says while employers focused […]
U.S. employers saw a 41 per cent spike in voluntary employee departures in 2022, according to a new survey by Aon. The survey, which polled 2,000 employers in the U.S., found nearly a quarter (22 per cent) of employees left their jobs last year, 17 per cent of which were voluntary departures. In 2020, a […]
Apple Inc. is upping its compensation package and giving its U.S. retail employees a pay increase of 10 per cent or more in a bid to help them combat inflation and stave off a push to unionize across many of its stores. Retail staff will see their wages rise to at least US$22 per hour, up […]
The union representing 700 employees at Resolute Forest Products has ratified an agreement that includes benefits gains. Unifor members working in Resolute’s paper mills voted 90 per cent in favour of the four-year agreement. Vision and dental care will increase by $100 per year on Jan. 1, 2023 and dental will increase by another $100 on […]
More than half of Canadian employers have considered adjusting employee rewards and benefits (57 per cent) and salary/wages (55 per cent) to contend with rising inflation and an ongoing labour shortage, according to a survey by Ento Canada. The survey, which polled more than 400 human resources leaders, found four in 10 (42 per cent) employers […]
Cisco Systems Inc. is exploring shifting a percentage of its Canadian employees’ bonuses into their base pay to help staff contend with the impacts of inflation. The company’s decision comes as workers across the world are finding their paycheques aren’t going as far as they used to amid higher costs of living as a result […]
Roughly two-fifths (37 per cent) of U.S. employers are increasing the quality of their existing benefits offerings to help with employee retention and attraction efforts, according to a survey by Principal Financial Services Inc. The survey, which polled 500 employers and 200 employees, found the top three enhanced benefits are short- and long-term disability insurance, […]
A story that took an in-depth look at the federal government’s 2022 budget proposals and their potential impacts on employers and employees was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: What’s in the federal budget for employers, employees? Physical health, work-life balance and […]
U.S. employees are quitting their jobs at elevated rates in 2022, with 30 per cent currently considering the move and 25 per cent actually quitting in the last six months, according to a new survey by FlexJobs. The survey, which polled more than 2,200 U.S. employees, found 68 per cent of those who recently quit […]
Many Canadian companies are taking measures to increase pay equity among employees, with 69 per cent saying they’ve observed salary discrepancies between new hires and more tenured staff in the past year, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 200 C-suite executive across a wide range of […]