News – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 13:13:13 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pensions and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pensions-and-investment-stories-of-the-week-2/ Fri, 26 Apr 2024 13:00:15 +0000 https://www.benefitscanada.com/?p=154748 An article on how employers are enhancing their benefits packages to boost talent attraction and retention 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. 70% of employers say it’s impossible to offer all benefits demanded by employees: survey […]

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]]> Chipotle expanding benefits offering to focus on career development, student debt https://www.benefitscanada.com/benefits/health-benefits/chipotle-expanding-benefits-offering-to-focus-on-career-development-student-debt/ Fri, 26 Apr 2024 13:00:13 +0000 https://www.benefitscanada.com/?p=154622 In anticipation of 25 per cent to 35 per cent growth in Canada by the end of 2024, restaurant chain Chipotle Mexican Grill Inc. is making staff development a key part of its attraction and retention strategy. This focus on employee development has contributed to an internal promotion rate of 87 per cent and has led […]

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]]> Just a third of U.K pension plan members feel they’ve saved enough to retire: survey https://www.benefitscanada.com/pensions/retirement/just-a-third-of-u-k-pension-plan-members-feel-theyve-saved-enough-to-retire-survey/ Fri, 26 Apr 2024 13:00:11 +0000 https://www.benefitscanada.com/?p=154722 Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022, according to a survey by Trafalgar House. The survey, which polled 2,000 adults, found 48 per cent believe they’ve saved much less than they need, up from 45 per cent. […]

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]]> Canadians’ happiness with work-life balance, employer support increases in April: survey https://www.benefitscanada.com/benefits/health-wellness/canadians-happiness-with-work-life-balance-employer-support-increases-in-april-survey/ Thu, 25 Apr 2024 19:00:23 +0000 https://www.benefitscanada.com/?p=154625 Canadians’ happiness in the workplace increased to 6.8 points out of 10 in April, up slightly from 6.6 in March, according to a new survey by ADP Canada Co. The survey, which polled 1,200 Canadian workers, found nearly half (47 per cent) said they feel satisfied in their current roles and responsibilities, with respondents continuing to […]

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]]> Young Canadian employees have lowest levels of well-being: report https://www.benefitscanada.com/benefits/health-wellness/young-canadian-employees-have-lowest-levels-of-well-being-report/ Thu, 25 Apr 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=154516 Among working generations of Canadians, employees aged 20 to 29 have the lowest general well-being, reporting a score of 46.9 out of 100, according to a new report by Dialogue Health Technologies Inc. The report analyzed data from 6,400 Canadians and uncovered insights across five dimensions of well-being: mood, stress, sleep, activeness and sense of […]

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]]> 73% of OPB plan members want ESG considerations included in investment decisions: survey https://www.benefitscanada.com/canadian-investment-review/research-markets/73-of-opb-plan-members-want-esg-considerations-included-in-investment-decisions-survey/ Thu, 25 Apr 2024 13:00:08 +0000 https://www.benefitscanada.com/?p=154515 Roughly seven in 10 (73 per cent) Ontario Pension Board plan members believe environmental, social and governance factors should play a critical role in the plan’s investment considerations, according to a new survey included in the investment organization’s inaugural ESG report. The survey, which polled roughly 10,000 plan members, found nearly two-fifths (39 per cent) of […]

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]]> Ontario to do away with sick note requirement for short absences https://www.benefitscanada.com/benefits/health-wellness/ontario-to-do-away-with-sick-note-requirement-for-short-absences/ Wed, 24 Apr 2024 19:00:48 +0000 https://www.benefitscanada.com/?p=154638 Ontario will do away with sick note requirements for short absences as part of a larger effort to ease the administrative burden on doctors. The province will soon introduce legislation that, if passed, will no longer allow employers to require a sick note from a doctor for the provincially protected three days of sick leave […]

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]]> Ontario court sides with IBM in pension benefits rectification case https://www.benefitscanada.com/pensions/governance-law/ontario-court-sides-with-ibm-in-pension-benefits-rectification-case/ Wed, 24 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154599 An Ontario Superior Court ruling that allowed IBM Canada Ltd. to retrospectively rectify drafting errors that created unintended additional pension benefits for employees on disability leave augurs well for plan sponsors seeking similar relief going forward. “The case clarifies that there is a specific test for rectification of pension plans and other unilateral instruments, which […]

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]]> Diabetes medications remain leading drug category for eligible claims in 2023: report https://www.benefitscanada.com/benefits/health-benefits/diabetes-medications-remain-leading-drug-category-for-eligible-claims-in-2023-report/ Wed, 24 Apr 2024 13:00:23 +0000 https://www.benefitscanada.com/?p=154574 In 2023, diabetes medications remained the leading drug category for eligible private insurance claims for the second consecutive year, according to Telus Health’s annual drug trends report. The report, based on claims data from more than 15 million plan members in 2023, found the growing prevalence of diabetes, along with expanded heart failure treatment indications and […]

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]]> WISE Trust returns 7.9% in 2023, net assets increase to $4 billion https://www.benefitscanada.com/canadian-investment-review/db-investments/wise-trust-returns-7-9-in-2023-net-assets-increase-to-4-billion/ Tue, 23 Apr 2024 19:00:50 +0000 https://www.benefitscanada.com/?p=154567 The Workplace Insurance and Safety Employees Trust generated a net return of 7.9 per cent in 2023, with net assets reaching $4 billion, up from $3.8 billion in 2022, according to its latest report. In a press release, Christopher Brown, WISE Trust’s chief executive officer, said the results are a testament to its partnership with […]

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