While Canadian employees are settling into new remote working patterns, regional disparities reveal different experiences across the country, according to a new report by the C.D. Howe Institute. It found by the end of 2023, 26 per cent of employees worked at least part of their week from home. However, the likelihood of working remotely varies […]
Half (47 per cent) of Canadian working mothers say an overall transition and communication plan would have improved their transition to maternity leave and return to work, according to a new survey by Maturn. The survey, which polled more than 1,000 women, found 49 per cent said the most challenging part of maternity leave related […]
Canadian employers are projecting an average base salary increase of 3.6 per cent in 2025, a percentage that increases to 3.9 per cent among British Columbia-based employers, according to a new survey by Eckler Ltd. The survey, which polled 500 Canadian organizations across several sectors and industries, found while the average increase is lower than last […]
The median projected solvency ratio for Ontario defined benefit pension plans was 123 per cent as at June 30, 2024, up slightly from 122 per cent as at March 31, according to a new report by the Financial Services Regulatory Authority of Ontario. It found this increase was attributable to a rise in solvency discount […]
More than half (54 per cent) of Canadian employees say affordability is among the top barriers to improving their well-being, according to a new survey by RBC Insurance. The survey, which polled 1,000 working adults, found while nearly all said they need to improve their health and well-being, respondents cited barriers including lack of motivation […]
International Business Machines Corp. is transferring roughly US$6 billion in defined benefit pension obligations through a group annuity buyout. Prudential Financial Inc. will assume responsibility for making retirement benefit payments to roughly 32,000 retirees and their beneficiaries beginning Jan. 1, 2025. Read: IBM entering US$16BN pension risk transfer The transaction marks the second pension risk […]
An article on the Ontario government’s review of preferred pharmacy networks was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario reviewing impact of preferred pharmacy networks on plan members’ costs, accessibility 2. Canadian employers focusing on workers’ emotional well-being in […]
Canadian employers’ 2025 salary budgets are increasing by an average of 3.4 per cent, down slightly from 3.6 per cent in 2024, according to a new survey by Normandin Beaudry. The survey, which polled more than 700 employers, found more than two-fifths (44 per cent) said they plan on granting an average additional budget of […]
Just two-fifths (42 per cent) of U.S. employees say they feel highly confident they’re on track to save what they need in retirement, according to a new survey by LiveCareer. The survey, which polled more than 1,000 U.S. workers, found six in 10 said they fear retirement more than death (61 per cent) or the idea […]
An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Citigroup enhancing parental leave, introducing caregiver leave for U.S., Puerto Rico employees 2. Caisse invests $35M in energy […]