voluntary benefits – Benefits Canada.com

70% of U.S. employers say benefits critical to attraction, retention efforts: report

lbailey — Wed, 10 Jul 2024 13:00:49 +0000

Nearly three-quarters (70 per cent) of U.S. employers say their company’s benefits package is critical to attracting and retaining the best workers, according to a new report by LIMRA. It found half (51 per cent) of employers believe their company will be offering more benefits in the future than it does today and another six […]

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Survey finds 92% of U.S. employees seeking additional financial resources from employer

bwolfe — Thu, 30 May 2024 19:00:37 +0000

Nine in 10 (92 per cent) U.S. employees say they need additional financial resources in their employer-sponsored benefits plan, up from 79 per cent in 2022, according to a new survey by BCHR Holdings and Arthur J. Gallagher & Co. The survey, which polled more than 250 employers and roughly 700 employees, found one in […]

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Majority of employers enhancing total rewards to improve attraction, retention efforts: survey

bwolfe — Thu, 08 Dec 2022 14:00:58 +0000

The majority (80 per cent) of Canadian employers say they enhanced their total rewards programs in 2022 to better attract and retain employees, up from 63 per cent in 2020 and 2021, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 450 employers, found 44 per cent […]

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Expert panel: How employers can support workers amid rising inflation

bwolfe — Tue, 13 Sep 2022 13:00:22 +0000

The modern economy is highly uncertain, with inflation and rising interest rates cutting into bottom lines everywhere. Employers are nervous as the cost of capital and the cost of their inputs seems to rise every day. But employees are nervous, too. And since no one knows when inflation will end, it’s difficult for anyone to […]

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U.S. supplemental health insurance premiums totalled $1.1B in Q1 2022: surveys

lbailey — Fri, 15 Jul 2022 13:00:30 +0000

In the first quarter of 2022, new annual premiums for supplemental health insurance products totalled $1.1 billion in the U.S., a six per cent increase from the same period last year, according to LIMRA’s latest workplace benefits sales surveys. Most workplace supplemental health insurance product lines ― accident, critical illness, cancer and hospital indemnity insurance ― […]

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U.S. employers offering new, additional voluntary benefits to retain, attract talent: survey

bwolfe — Mon, 02 May 2022 19:00:50 +0000

The percentage of U.S. employers offering new or additional voluntary benefits increased by 41 per cent during the 2022 enrolment period, according to a new survey by Aon. The survey attributed this growth to employers’ talent retention and attraction strategies, as well as employee demand for supplemental health insurance products during the coronavirus pandemic. The […]

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Top 5 HR, benefits and pension stories of the week

bwolfe — Fri, 29 Apr 2022 13:00:44 +0000

A ruling by the Supreme Court of British Columbia on the B.C. Credit Union Employers’ Pension Plan’s normal retirement date was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C. court upholds pension plan’s decision to increase retirement age 2. Ontario NDP platform includes dental […]

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Toronto software company offering virtual veterinarian service to pet-owning employees

bwolfe — Wed, 27 Apr 2022 13:00:46 +0000

A Toronto-based software company is offering a virtual veterinarian service through its benefits program. Nicola Watson, human resources manager at Tribalscale Inc., says pet-owning employees can use the service, operated by Vetster Inc., to schedule up to four virtual vet visits per year. She notes the offering is in line with TribalScale’s decision to shift […]

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U.S. employers, employees divided on well-being support, voluntary benefits: survey

bwolfe — Tue, 22 Feb 2022 14:00:30 +0000

While 68 per cent of employers said they’ve enhanced their well-being value proposition as a result of the coronavirus pandemic, only 51 per cent of employees believe their employer is focused on supporting their total well-being, according to a new survey by Buck. The survey, which polled nearly 700 U.S. employees and more than 200 […]

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Survey finds U.S. employees split on use of voluntary benefits offerings

bwolfe — Wed, 16 Feb 2022 14:00:32 +0000

While 70 per cent of benefits-eligible U.S. workers said they’re more likely to work for an employer that offers employee-paid voluntary benefits, just 49 per cent said they’ve taken advantage of these offerings, according to a new survey by Voya Financial Inc. The survey, which polled around 1,000 respondents, found 31 per cent don’t fully […]

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