Since an organization’s most valuable asset is its people, the coronavirus pandemic made it clear that having healthy, happy employees on the job isn’t just valuable, it’s essential to profitability, said Valerie Fernandez, organizational health senior advisor at Beneva, during Benefits Canada’s 2022 Mental Health Summit in November. In addition, she noted health isn’t an individual […]
In Canada, the year-over-year cost increase for claims under a medical plan on a per-person basis is projected to reach seven per cent in 2023, according to a new report by Mercer. The report, which analyzed responses from more than 200 insurers across 56 countries, found the global year-over-year cost is expected to increase to […]
An article on the Canadian Federation of Pensioners’ response to proposed legislative and policy updates for Alberta’s private sector pension regulations was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CFP urging Alberta government to reconsider transfer of pension risk to plan members 2. Walmart […]
In March 2020, Bill Gosling Outsourcing’s benefits plan was facing unsustainable costs, as well as a deficit due to incoming premium increases. The coronavirus pandemic, which was declared at the same time, presented an opportunity for the organization to make significant changes. “During the pandemic, people were housebound, so they weren’t going to the dentist […]
As the coronavirus crisis enters an endemic phase, employers are beginning to see a return to pre-pandemic levels in paramedical benefits’ usage. During the first eight months of the pandemic, many plan members put off paramedical appointments because they were uncomfortable with non-essential, in-person interactions. In addition, many paramedical services were unavailable due to restrictions […]
Walmart Canada is increasing its mental-health benefits coverage for employees and expanding access to virtual health care. Effective Feb. 1, 2023, the company will provide $3,500 in annual mental-health coverage per employee, up from $1,000. “We wanted to make a statement with our [employees] in terms of support for their mental health and $1,000 just […]
Every day, it seems the news includes a story or two about the economy and whether or not a recession is coming. At the same time, with interest rates, inflation and day-to-day costs rising, employees may already be feeling anxious about their ability to meet their financial obligations. Some employees will be feeling concerned about […]
BGIS Global Integrated Solutions Canada was recognized in the Mental health program category for employers with more than 1,000 employees at the 2022 Workplace Benefits Awards on Oct. 18 for its integrated approach to supporting employees. In July 2021, the facility management company created its BGIS Balance Committee, comprised of 21 employees from various positions […]
The Ottawa Community Housing Corp.’s flexible employee well-being strategy led to a win in the Health/wellness program category for employers with fewer than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. “Our organization is happy about the win because this journey in terms of supporting employee health started about two to three years back,” […]
Telus Communications Inc. was recognized for supporting employees’ holistic well-being as it took home the award for Health/wellness program for an employer with more than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. Acknowledging its staff are all somewhere on the well-being continuum and that each person’s situation and goals are […]