The coronavirus pandemic is financially impacting generation Z, millennials, generation X and baby boomers differently. Canadians from the millennial (22 per cent) and gen-X (25 per cent) cohorts were slightly more than two-times more likely than baby boomers (10 per cent) to have said the pandemic significantly set them back financially, according to a new […]
In an effort to retain employees post-coronavirus pandemic, employers across the country are embracing remote working and signalling it’s here to stay, according to a new survey by the Business Development Bank of Canada. The survey, which polled more than 700 small businesses and 2,000 workers, found 48 per cent of employee respondents who’ve switched […]
There’s a raging epidemic underway in Canada that receives very little attention, despite its devastating impacts. It wreaks havoc on people’s health, fuels the opioid crisis and costs the Canadian economy billions. We’re talking about the epidemic of musculoskeletal conditions in Canada. The statistics paint a grim picture: the combined direct and indirect cost of […]
The Public Sector Pension Investment Board is reporting a net return of 18.4 per cent in fiscal 2021. As of March 31, 2021, the PSP had $204.5 billion in net assets under management, up 20.4 per cent from $169.8 billion at the end of the previous fiscal year. The PSP also reported a 10-year annualized […]
While only 15 per cent of surveyed working Canadians listed wellness programs among their top three factors for successful remote work, the figure is almost double (28 per cent) among generation Z respondents, according to a survey for Randstad Canada by Ipsos. And though there’s been a lot of talk about the importance of employee […]
Manulife Financial Corp. and its subsidiary John Hancock is educating and thanking its employees for continuing to work hard amid these tumultuous times. This is the second year the companies have given staff an extra day off since a global coronavirus pandemic was first declared in March 2020. And this year, the company also held […]
The TMX Group Ltd.’s double award win at Benefits Canada’s 2020 Workplace Benefits Awards is shining a spotlight on the organization’s efforts to support its employees’ physical, mental and financial health and well-being. Last year, the financial services company took home the inaugural Coronavirus and Benefits award for an employer with fewer than 5,000 employees for […]
North American employees are experiencing the highest daily stress levels in the world during the coronavirus pandemic, according to a new survey by Gallup. It found employees’ daily stress levels increased by eight percentage points to 57 per cent, compared with 43 per cent globally. Despite this increase, Canadian and U.S. employees said their engagement […]
Effective communications has become a necessity for employers since the onset of the coronavirus pandemic. At Collective Arts Brewing Ltd., it’s also helping the company ensure staff safety and streamline the way they receive information. When the global pandemic was first declared in March 2020, Jenn Pavicich, the brewer’s vice-president of human resources, legal and […]
Despite the uncertainty wrought by the coronavirus pandemic, Americans are continuing to save for retirement through defined contribution pension plans, according to new data from the Investment Company Institute. The institute tracks contributions, withdrawals and other activities based on DC plan record-keeper data covering more than 30 million participant accounts in employer-based plans on a […]