savings – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 19 Nov 2024 14:29:57 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canadian employers reducing office space due to hybrid work, passing savings onto workers: survey https://www.benefitscanada.com/news/bencan/canadian-employers-reducing-office-space-due-to-hybrid-work-passing-savings-onto-workers-survey/ Tue, 12 Nov 2024 20:00:41 +0000 https://www.benefitscanada.com/?p=162724 Nearly three-quarters (74 per cent) of Canadian employers have reduced the size of their office footprint by embracing hybrid work and allowing employees to work in office and co-working spaces closer to where they live, according to a new survey by International Workplace Group PLC. The survey, which polled more than 250 Canadian employers, found […]

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]]> 32% of Canadian employees saving less during the summer: survey https://www.benefitscanada.com/news/bencan/32-of-canadian-employees-saving-less-during-the-summer-survey/ Wed, 16 Oct 2024 13:00:42 +0000 https://www.benefitscanada.com/?p=161308 While 55 per cent of Canadian workers say their ability to save money remained unchanged during the summer months, 32 per cent indicated they saved less than anticipated over that period, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found more than half (56 per cent) […]

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]]> Majority of Canadian employees recognize link between financial well-being, mental health: report https://www.benefitscanada.com/benefits/health-wellness/majority-of-canadian-employees-recognize-link-between-financial-well-being-mental-health-report/ Tue, 23 Jul 2024 13:00:09 +0000 https://www.benefitscanada.com/?p=158301 Nearly all (95 per cent) Canadian employees recognize their financial situation significantly impacts their personal well-being and 92 per cent of human resources leaders agree, according to a new report by Dialogue Health Technologies Inc. The survey, which polled more than 1,600 working Canadians, across all age groups and provinces, found more than a quarter […]

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]]> 20% of U.S. workers say being able to save was their biggest financial worry last year: survey https://www.benefitscanada.com/benefits/health-wellness/20-of-u-s-workers-say-being-able-to-save-was-their-biggest-financial-worry-last-year-survey/ Wed, 12 Jun 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=156735 A fifth (20 per cent) of U.S. employees say contributing to their savings account has been their biggest financial worry in the last 12 months, according to a new survey by career website Zety.com. The survey, which polled 1,000 workers, found respondents have also been struggling with maintaining the same standard of living as they had […]

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]]> 2023 CAP Suppliers Report: How are CAPs evolving to meet the financial needs of different generations? https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-cap-suppliers-report-how-are-caps-evolving-to-meet-the-financial-needs-of-different-generations/ Fri, 15 Dec 2023 13:57:38 +0000 https://www.benefitscanada.com/?p=148466 With more than 40,000 employees across the country, Amazon Canada is a microcosm of the wider national workforce. Comprising five generations, the online retailer’s workers represent a wide spectrum of savings goals and related challenges. And to support these goals, it has developed a diverse array of options to meet staff at every stage of […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-64/ Fri, 08 Dec 2023 14:00:06 +0000 https://www.benefitscanada.com/?p=148547 An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How Ontario pay transparency legislation will impact employers 2. Expert panel: How interest rates impact DB pension plans 3. How employers can shift younger workers’ ‘soft saving’ […]

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]]> How employers can shift younger workers’ ‘soft saving’ mentality to focus on retirement planning https://www.benefitscanada.com/pensions/retirement/how-employers-can-shift-younger-workers-soft-saving-mentality-to-focus-on-retirement-planning/ Wed, 06 Dec 2023 14:00:12 +0000 https://www.benefitscanada.com/?p=148152 Discouraged with the state of the current economy, more and more younger workers are abandoning saving for retirement and focusing on ‘soft saving.’ Soft saving is when employees, many of whom started their careers later than previous generations, decide to take a more laid-back approach to saving for the future, rather than adopt the FIRE concept — […]

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]]> Desjardins using budget workshops, interactive game to support employee financial wellness https://www.benefitscanada.com/benefits/health-wellness/desjardins-using-budget-workshops-interactive-game-to-support-employee-financial-wellness/ Fri, 24 Nov 2023 14:00:50 +0000 https://www.benefitscanada.com/?p=147619 Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The workshops cover topics such as using a budget to manage cash flow, how to plan for future goals and how to save on grocery bills amid rising inflation and food prices. […]

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]]> Men more likely than women to report reduced stress due to financial wellness programs: survey https://www.benefitscanada.com/news/bencan/men-more-likely-to-report-reduced-stress-due-to-financial-wellness-programs-survey/ Mon, 25 Sep 2023 13:00:48 +0000 https://www.benefitscanada.com/?p=143948 More than a quarter (28 per cent) of male employees in the U.S. report a reduction in their stress levels due to their employer’s financial wellness programs, compared to 18 per cent of women, according to a new survey by HerMoney Media Inc. and Principal Financial Services, Inc. The survey, which polled 900 U.S. employees […]

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]]> Employee recognition leads to decreased absenteeism, increased productivity: report https://www.benefitscanada.com/news/bencan/employee-recognition-leads-to-decreased-absenteeism-increased-productivity-report/ Wed, 05 Apr 2023 13:00:25 +0000 https://www.benefitscanada.com/?p=135974 Employers that report high levels of employee recognition can expect increased productivity and decreased rates of absenteeism and safety incidents, according to a new report by Gallup Inc. and Workhuman. The report analyzed data from more than 275 global organizations across 450 research studies, as well as survey responses from more than 7,600 U.S. workers. […]

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