Keyword: cost of living

47 results found
Older workers key to rebuilding G20 economies: report

Between 2000 and 2022, the average retirement age among Canadians climbed from 61.6 to 64.6, the highest it’s been since 1982, according to data from Statistics Canada. The agency’s June 2023 labour force survey found 22 per cent of Canadians aged 55 to 59 were either partially or completely retired. The same was true of […]

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Nearly all (92 per cent) Canadian employers say they plan to award a year-end bonus to their teams, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 900 employers, found nearly half (45 per cent) said they’re awarding a larger bonus than last year, while two-fifths (39 per […]

  • By: Blake Wolfe
  • December 15, 2023 December 13, 2023
  • 09:00

Meridian Credit Union Ltd. is continuing to support employee financial wellness by raising its guaranteed hourly wage to $23.74. In 2022, the financial company became the largest employer to be certified by the Ontario Living Wage Network and is adjusting its compensation to reflect new guidelines that were updated last month. Current economic conditions and […]

As Canadians face the dual effects of the rapidly rising cost of living and interest rates, the resulting financial stress has major implications for plan sponsors, said Valérie Fernandez, senior advisor of workplace health best practices and strategic support for group insurance at Beneva, during Benefits Canada‘s 2023 Healthy Outcomes Conference in October. Indeed, employers […]

There’s a lot going on in the world right now. Across the globe, geopolitical tensions are more elevated than they’ve been in decades, while the day-to-day lives of average people closer to home continue to be upended by the overarching threats of high inflation and interest rates, as well as the unrelenting cost-of-living crisis. The […]

Hydro Ottawa Ltd. is marking Financial Literacy Month by promoting tools and resources for employees grappling with the rising cost of living, says Donna Burnett Vachon, the company’s director of change and organization development. “We see [the impact of the rising cost of living] every day from people who have increasing rental costs to even just […]

  • By: Blake Wolfe
  • November 17, 2023 November 16, 2023
  • 09:00
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While more than three-quarters (79 per cent) of U.S. employees say they’re satisfied with their employer-sponsored pension plan, 76 per cent say they’re concerned about their capacity to save for retirement due to economic volatility, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 300 employees and […]

  • By: Staff
  • November 8, 2023 November 8, 2023
  • 15:00

Among baby boomers with a chronic physical or mental-health condition that requires medication or treatment (49 per cent), a third (32 per cent) have changed or considered changing their retirement plans to pay for health-related costs, according to a new survey by Sun Life Financial Inc. The survey, which polled 750 baby boomers and 750 […]

  • By: Staff
  • November 3, 2023 November 2, 2023
  • 15:00

The majority (92 per cent) of Canadian employers say they face challenges hiring skilled talent and 40 per cent say they plan to increase starting salaries in 2024 to attract and retain highly skilled workers, according to a new survey by Robert Half Canada. The survey, which polled more than 1,300 employers and more than […]

  • By: Staff
  • October 24, 2023 October 23, 2023
  • 09:00
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An article on how employers can support workers’ savings amid the rising cost of living was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers play crucial role in supporting employees’ savings amid rising cost of living: expert 2. Average cost of employer-sponsored health benefits expected […]

  • October 6, 2023 October 5, 2023
  • 09:00