Employer-sponsored health benefits costs are set to increase by 9.8 per cent in 2026, according to a new report by Aon. The report pointed to a return to single-digit growth for the first time since 2023, but also underscores the reality that price inflation, advanced medical technologies, increased benefits utilization and rising prescription drug costs […]
In a year marked by an ongoing trade war and threats of tariffs by U.S. President Donald Trump and against a backdrop of rising costs, Canadian employers are reconsidering their total rewards and talent management strategies. “A lot more attention is being paid to total rewards, such as how we’re paying people,” says compensation and […]
Nearly all (86 per cent) U.S. employers are reporting an increase in cancer care costs through their benefits plan, with a median increase of 11 per cent since 2024, according to a new report by the International Foundation of Employee Benefit Plans. It found the most popular steerage techniques that organizations are using to mitigate […]
Balancing benefits plan sustainability against meeting the evolving needs of employees continues to keep Canadian plan sponsors up at night. “I think since COVID we’ve seen such a shift in expectations [around] work-life balance, a focus on [diversity, equity and inclusion] and mental health,” said Laura Carter (pictured left), associate director of benefits at the […]
Amazon.com says it’s investing more than a US$1 billion to raise wages and lower the cost of health-care plans for its U.S. fulfillment and transportation workers. The Seattle-based company said the average pay is increasing to more than $23 per hour. Some of its most tenured employees will see an increase between $1.10 and $1.90 […]
Nearly three-quarters (72 per cent) of plan members are open to receiving personalized communications about their health from their benefits plan provider, according to the 2025 Benefits Canada Healthcare Survey. This is up from 66 per cent in 2018, when the question was first asked. The question clarified that the respondent’s employer wouldn’t be aware […]
Three in five (60 per cent) plan members would choose an extra $10,000 in cash per year over their benefits plan, according to the 2025 Benefits Canada Healthcare Survey. The survey asked half of 1,000 plan member respondents whether they’d rather receive their benefits plan or an extra $5,000 in cash per year, while the […]
U.S. employer health-care costs are projected to climb 9.5 per cent in 2026, pushing average plan costs above US$17,000 per employee, according to a new report by Aon. The report draws on the firm’s health value initiative database, which tracks plan costs and designs for more than 1,000 employers covering 7.7 million employees and US$120 […]
An article on amendments to Quebec employment legislation 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. Quebec employment legislation introducing unpaid leave for workers impacted by provincial health, disaster orders 2. HOOPP providing menopause-inclusive workplace through benefits, […]
When updating their benefits program, some employers may be hesitant to cut offerings due to a lack of clarity around which benefits are most valued by employees, says Grant Boissonneault, assistant vice-president and relationship lead at Aon. “While benefits programs are intended to support employee well-being and engagement, organizations often rely on assumptions or outdated […]