More than two-thirds (68 per cent) of U.S. employers say they’re increasing salaries and enhancing employee benefits in 2023 amid a tough labour market, according to a new survey by the International Foundation of Employee Benefit Plans. It found employers are planning to increase wages by an average of 3.9 per cent next year, while […]
The TD Bank Group’s innovative and engaging benefits communication strategy led to its win in the Benefits plan communications category at the 2022 Workplace Benefits Awards on Oct. 18. “It’s humbling and overwhelming to win this award,” says Darryl Burton, associate vice-president of Canadian and international benefits and well-being at TD. “When we’re trying to plan communications […]
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 […]
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 […]
A majority (92 per cent) of Canadian employees feel they’re at risk of experiencing burnout as the coronavirus pandemic drags on, according to a new survey by Mercer. The survey, which polled 11,000 employers and employees from 16 countries, found 59 per cent of employer respondents are concerned about high employee sickness/absence rates and remote […]
In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees have varying financial priorities. “Overall, we have a very diverse employee base,” says Ken Adams, the financial services company’s vice-president of total rewards. “Someone who is a few years out […]
Only half (51 per cent) of U.S. employees believe the benefits and rewards they receive from their employer are distinctive from what they’d receive from another employer, according to a new survey by tax and advisory firm Grant Thornton LLP. The survey, which polled more than 5,000 full-time employees, also found 24 per cent of […]
Almost half (46 per cent) of employers say their organizations currently lack clear benefits, recognition and rewards strategies, according to a new survey by Arthur J. Gallagher & Co. The survey — which polled more than 1,300 employers globally, including almost 600 in North America and around 100 in Canada — found, while 54 per cent said they […]
As companies adapt their people strategies for return to the office or for a new remote or hybrid work arrangement, employee retention will be a key consideration in 2022. The coronavirus pandemic has created a buyer’s labour market with many people either contemplating or making a change in their employer. Employees are assessing how they […]
Hootsuite Inc.’s director of total rewards talks benefits in a remote working environment, the four pillars of wellness and recharging through physical activity. Q: What top challenges do you face in your role? A: Hootsuite is very big on diversity, equity and inclusion and we operate in multiple countries, so it’s a balance of finding […]