EY Canada is adding online cognitive behavioural therapy to its benefits toolkit, at no cost to employees. The new program, which was introduced at the beginning of May, is in addition to the company increasing its mental-health benefits to $5,000 per employee last December. “It’s another tool in the quiver,” says Stephen Shea, managing partner of talent at […]
The ways that Canadians partner up is changing, leading to questions about how different types of families access parental benefits. “When we think about Canada, and we think about families, we think about diversity,” said Nora Spinks, chief executive officer of the Vanier Institute of the Family, in a webinar on Tuesday. “And we want to make sure […]
May’s mental-health week is the biggest of the year for Denis Trottier, KPMG Canada’s chief mental-health officer. “My role is very interesting. I have nothing to do except mental health, looking at our mental-health practices, helping the firm do a benefits review and so on,” he says. While the role is currently an uncommon one, it’s likely […]
Technology is changing the way we live, but it’s also affecting how work is done and the way workspaces are designed. Indeed, computers have made the need for a core physical space where employees work together almost obsolete. In 2018, Harvard researchers Ethan Bernstein and Stephen Turban studied this concept with 150 employees for three […]
Between 2000 and 2015, antidepressant drug consumption doubled in Organisation for Economic Co-operation and Development countries. This is potentially a reflection of people’s growing willingness to admit they need help, the availability of therapies and general attitudes around mental-health issues. However, the consumption varies between countries, with Canada one of the top consumers. Nancy Tibbo, […]
Canadian insurers expect health costs to rise by 11.55 per cent this year, according to a new report by Accompass Inc. The annual survey determines the anticipated year-over-year cost increase or decrease — or health trend factor — by asking insurers to examine their businesses and take various factors into account, including legislation and reforms, economic events […]
Ontario’s Workplace Safety and Insurance Board is changing how premium rates are calculated for almost 300,000 registered businesses across the province. The WSIB hasn’t changed its rate setting scheme for more than 20 years, says Pamela Steer, the board’s chief financial officer. “We really looked at how we could change the offering to our customers, such that […]
When trying to engage pension members in retirement planning, some words are better than others. Rob Kochel, vice-president at Invesco Ltd., advised employers at Benefits Canada’s 2019 Benefits and Pension Summit to do away with the financial industry jargon they use to explain retirement concepts to their plan members. “It’s not what you say, it’s what people […]
While the process has been slow to date, it’s clear the migration to defined contribution pension plans will continue in Canada. Defined benefit assets comprised about 47 per cent of total financial wealth in 2007, compared to assets in DC plans and other group retirement savings accounts, which made up about 38 per cent, said Colin Ripsman, president […]
Following the Human Rights Tribunal of Ontario’s decision in a landmark age discrimination case last year, former high school teacher Steve Talos has reached a settlement with the Grand Erie District School Board. Though Ontario abolished mandatory retirement in 2006, it still allowed employers to terminate benefits plans for workers age 65 and over. In […]