In the wake of the coronavirus pandemic, five major stressors are impacting Canadians’ overall well-being, with four of these related to finances: the knowledge gap, financial stress at home and work, retirement and basic needs, said Margaret Adaniel, head of retirement marketing at Manulife Investment Management, during a session at Benefits Canada‘s 2022 DC Plan […]
In a panel discussion during Benefits Canada‘s 2022 DC Plan Summit, three defined contribution pension plan sponsors shared how their plans are evolving to ensure retirement savings are flexible, maximize employee engagement and cater to members’ divergent financial needs. During the coronavirus pandemic, Niagara Casinos laid off 96 per cent of employees and its casinos […]
An open dialogue about diversity, equity and inclusion is vital for raising the resilience and overall wealth of pension plan members, said Ryan Weiss, vice-president of group customer national accounts at Canada Life, during a session at Benefits Canada‘s 2022 DC Plan Summit. Also speaking during the session, Elisha Ribeiro, the insurer’s national sales director […]
With the 2015 merger of Kraft Foods and H.J. Heinz Co., Kraft Heinz Canada was left with a “mixed bag” of savings and retirement programs. It’s goal for a new streamlined program was a mandatory base plan and a voluntary component with 100 per cent employee participation. “It was important for us to come together […]
3M Canada’s benefits specialist discusses absence management, the ‘Great Resignation’ and rock painting. Q: What new programs or initiatives are you looking to implement? A: We recently launched an absence management platform that serves as a one-stop shop for our leaders to refer employees regarding disability leave and to stay informed on the status of […]
The percentage of Canadians working from home increased slightly amid a seventh wave of the coronavirus pandemic, according to a report by Statistics Canada. In July, the percentage of workers aged 15 to 69 who worked most of their hours at home edged up 0.4 per cent to 24.2 per cent. Alongside short-term shifts in work location, many […]
More than eight in 10 (82 per cent) senior leaders say they’ve experienced exhaustion indicative of burnout, according to a survey by Deloitte Canada and LifeWorks Inc. The survey, which polled more than 1,100 senior leaders from 11 companies in global markets including Canada, Europe and the U.S., found nearly all (96 per cent) of those […]
More than two-thirds (70 per cent) of Canadian employees have enjoyed working from home more than they expected, according to a new survey by VMware Inc. The survey, which polled 1,500 employees, found only 40 per cent feel their employer has clearly explained expectations around a return to the office. More than half (52 per cent) […]
Brown and Caldwell is recognizing employees’ hard work and resilience over the last two years with a company-wide salary increase. In July, the engineering consultancy gave employees a five per cent increase on their current salaries. Patti Pederson, the organization’s vice-president of total rewards, says the increase was implemented across the board for everyone actively […]
Canadian defined benefit pension plans’ assets experienced losses of 8.6 per cent in the second quarter of 2022, bringing year-to-date total returns to negative 14.7 per cent, according to a new report by RBC Investor and Treasury Services. It was the most significant decline since the third quarter of 2008, when assets also fell by 8.6 […]