Three-quarters (74 per cent) of employers cite cost as the most important aspect to consider when designing and reviewing their benefits plans, followed by employee attraction and retention (63 per cent), according to a new survey by MBWL International Ltd. and Normandin Beaudry. Daniel Drolet, a senior partner at Normandin Beaudry, says while employers focused […]
Scotiabank is supporting its employees’ financial well-being with a week of information sessions in June. Ayman Alvi, director of global benefits at Scotiabank, says the sessions taking place the week of June 20 will focus on all aspects of financial well-being, including the bank’s pension plan and other financial benefits available to employees. “These events have […]
As employers increasingly customize their human resources, benefits and pension communications campaigns, how are these methods connecting with employees? Long gone are the days of chunky tomes of group benefits and pension information. Once the norm, those pages and pages of minutiae have gradually been replaced by more personalized and targeted communications. “Direct communication is […]
Does your organization’s benefits plan or financial wellness program deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your company implementing award-worthy diversity, equity and inclusion initiatives? Benefits Canada’s annual Workplace Benefits Awards is officially open for nominations. Submit your entries here. As in previous years, the 2022 awards will […]
As the coronavirus pandemic continues, 96 per cent of U.S. employers say their employees are stressed out, with 58 per cent saying they’re “somewhat” stressed out and 38 per cent saying they’re “very” stressed out, according to a new survey by the International Foundation of Employee Benefit Plans. In addition, 88 per cent said the […]
In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees have varying financial priorities. “Overall, we have a very diverse employee base,” says Ken Adams, the financial services company’s vice-president of total rewards. “Someone who is a few years out […]
While mental-health apps play an important role in employee benefits offerings, employers must remember apps are the gateway to treatment and not the treatment itself, says the co-author of a new study by the Workplace Safety & Prevention Services. “Don’t outsource your mental-health problems and think digital solutions alone are a panacea, just because it’s […]
The majority (75 per cent) of Canadians believe it’s a priority for their employers to address mental-health problems in the workplace, according to a new survey by software company Capterra. However, among Canadian small- and medium-sized employers, only 39 per cent said they offer mental-health services to their employees, such as flexible scheduling and wellness […]
While Canadian employers have spent millions of dollars to address and support employee mental health during the coronavirus pandemic, the co-author of a new study says employee feedback is key to addressing gaps in the improvement of workplace psychological health and safety. “We’ve got random acts of wellness and we’re spending millions of dollars on […]
With many employers taking steps to support their employees’ emotional, financial and physical health during the coronavirus pandemic, the top benefits stories on BenefitsCanada.com in 2021 highlighted some of these innovative initiatives, including among the finalists and winners of this year’s Workplace Benefits Awards. Twitter’s monthly #DaysofRest initiative helping prevent employee burnout amid pandemic RBC […]