Other – Benefits Canada.com

How Ontario pay transparency legislation will impact employers

Sadie Janes — Mon, 04 Dec 2023 14:00:06 +0000

As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says Darcy Clark, a principal at Normandin Beaudry. “They could do just enough to meet the legislative requirements or . . . full disclosure where everybody knows everything. There’s also a […]

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Desjardins using budget workshops, interactive game to support employee financial wellness

Sadie Janes — Fri, 24 Nov 2023 14:00:50 +0000

Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The workshops cover topics such as using a budget to manage cash flow, how to plan for future goals and how to save on grocery bills amid rising inflation and food prices. […]

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2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

Jennifer Paterson — Mon, 20 Nov 2023 12:58:32 +0000

Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits plans for help. Indeed, when Canada Life’s disability claims report asked plan members going on disability whether they sought out counselling through their benefits plans, more than half said they […]

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IMCO joining network of employee ownership coalition

bmcgovern — Tue, 24 Oct 2023 15:00:58 +0000

The Investment Management Corp. of Ontario is joining Ownership Works, a non-profit organization dedicated to implementing broad-based employee ownership programs, as a founding investor partner. Through partnerships with companies and investors, Ownership Works is aiming to change the corporate culture of ownership by integrating broad-based equity plans that include employee ownership, according to a press […]

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27% of U.S. workers reporting high levels of financial stress: report

bwolfe — Wed, 24 May 2023 19:00:57 +0000

More than a quarter (27 per cent) of U.S. workers say they have high or overwhelming levels of financial stress, up from 20 per cent in 2021, according to a new report by Financial Finesse. The report, which analyzed data from more than 34,000 workers who interacted with the consultancy’s financial wellness tools, found more […]

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Canadian employee ownership trust model missing incentives for companies: expert

Jennifer Paterson — Fri, 21 Apr 2023 13:00:05 +0000

As the Canadian government develops its legislation to permit employee ownership trusts, the fact that the proposed model doesn’t include incentives is a big blow to companies considering the option, according to one expert. “I would have had a different answer for you prior to the [2023] budget,” says Jon Shell, managing partner at Toronto-based Social […]

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70% of U.S. employees say financial stress negatively affects work performance: survey

lbailey — Mon, 13 Mar 2023 19:00:16 +0000

Nearly three-quarters (70 per cent) of U.S. employees say financial stress negatively impacts their work performance, according to a new survey by YouGov and YuLife Insurance Agency Inc. The survey, which polled more than 1,200 workers, found a third (32 per cent) of all respondents and 42 per cent of employees aged 18 to 35 said financial […]

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MVF supporting employees’ financial wellness needs through new cost-of-living benefit

lbailey — Wed, 01 Mar 2023 14:00:52 +0000

MVF is supporting its multinational workforce amid rising inflation with a new cost-of-living benefit. The U.K.-based marketing company introduced the new benefit last October, after an employee pulse survey revealed the most helpful financial support would be cash lump sums to help pay for big bills such as rent and utilities, said Hannah Meredith, the […]

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Delta launching emergency savings program for U.S. employees

Sadie Janes — Wed, 15 Feb 2023 14:00:22 +0000

Delta Air Lines Inc. is launching an emergency savings program for U.S. employees. Once employees sign up for the program, they participate in roughly two to three hours of online financial education and three one-on-one sessions with a financial wellness coach. After they complete the education and coaching component, employees will receive US$750 from Delta […]

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Coalition seeking to bring employee ownership trusts to Canada

Sadie Janes — Fri, 10 Feb 2023 14:00:40 +0000

The Canadian Employee Ownership Coalition is urging the federal government to introduce an employee ownership trust in the next federal budget and to remove tax barriers to employee ownership by adopting the U.K.’s approach to a capital gains tax exemption. The federal government pledged to study the barriers to employee ownership in its 2021 budget and committed […]

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