MindBeacon Group is launching a digital mental-health option to support all Canadians through heightened anxiety and stress related to the coronavirus pandemic. The organization found nearly half (46 per cent) of people starting therapy since the beginning of the pandemic via its Beacon digital platform indicated anxiety as their primary mental-health concern, which was up by 12 per cent when […]
Employer health-care costs will rise in 2021 for several reasons related to the coronavirus pandemic, according to a new report by Willis Towers Watson. With many employees deferring medical visits due to lockdown measures and fear of contracting the coronavirus, health-care costs for U.S. employers are expected to be between 3.3 and 8.8 per cent lower in 2020 than […]
Workplace mental health and resilience app Headversity is partnering with Cowan Insurance Group to offer its resources to the consultancy’s plan sponsor clients. Headversity’s platform will provide plan members with access to training and tools to help build their resilience, level up their mental game and overcome life’s challenges, according to a press release. Read: Trucking […]
Online sleep clinic Haleo and employee assistance program provider Optima Global Health are forming a partnership to make solutions for insomnia and other sleep disorders accessible to millions of Canadian employees. Through the partnership, Haleo’s personalized insomnia treatment will be integrated into all of the basic issues covered in Optima’s EAP framework. Since the beginning of the coronavirus pandemic, […]
The Northwest Territories and Nunavut Workers’ Safety and Compensation Commission is proposing eliminating lifetime pensions and replacing them with a new system that includes earnings loss and retirement benefits. Currently, the North is the only jurisdiction in Canada with a workers’ compensation system that provides pensions for life, according to a review carried out by the WSCC in 2014. […]
The coronavirus pandemic led to a sharp decrease in people visiting health professionals and filing claims, resulting in an estimated savings of $4.8 billion for Canadian private insurers between March 15 and June 15, according to a new report by insurance comparison platform Hellosafe.ca. The report, which used historic data sourced from the Canadian Life and Health […]
The Canada Pension Plan Investment Board is committing US$300 million to take an approximate 24 per cent stake in Virtusa Corp., a global digital and information technology services company. The proposed acquisition, alongside Baring Private Equity Asia, follows the announcement earlier this month that Virtusa and BPEA entered into a merger agreement under which funds affiliated with BPEA will acquire […]
The Canada Pension Plan Investment Board has formally outlined its expectations for portfolio companies when it comes to environmental, social and governance issues in a new section of its latest annual report on sustainable investing. “To build trust with portfolio companies, we find it helpful to share our expectation of them with respect to considering […]
Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according to a new survey by the Healthcare of Ontario Pension Plan and Abacus Data. The survey, which was conducted online in May and June among 3,500 Canadians aged 18 or older, […]
More than a third (36 per cent) of Canadian organizations froze salaries in 2020, compared to a pre-coronavirus forecast of just two per cent, according to Morneau Shepell Ltd.’s annual salary projection survey. The trend is likely to hold true for the coming year, with almost half (46 per cent) of employers saying they’re uncertain […]