A quarter (25 per cent) of Canadian employees are experiencing increased tension or conflict at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 65, a slight increase from June’s score of 64.1. By comparison, workers reporting increased conflict or tension had a score of 51.8. Employees age 40 and […]
The uniting theme at the 2022 Defined Contribution Plan Summit was financial wellness, a chief concern for any employer that offers a pension plan to its workforce. In particular, with inflation reaching its highest level in four decades and people facing several competing financial priorities, including simple day-to-day expenses, plan sponsors are bringing flexibility to […]
A quarter (26 per cent) of Canadians say work factors are their primary sources of stress, according to LifeWorks Inc.’s latest mental-health index. Among this group, the leading sources of stress were volume of work (25 per cent), performance demands (14 per cent) and lack of support (12 per cent). Three-quarters (74 per cent) of all […]
A third (34 per cent) of Canadians say their employer doesn’t provide training or support to deal with workplace conflict, while another 20 per cent say they’re experiencing increased aggression at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 64.9, up slightly from 64.8 in April. […]
The ‘Great Resignation’ is ushering in a period of great transformation for employers, the workforce and the workplace of the future, said Charmaine Alexander, senior advisor of disability management at Desjardins Insurance, during a session at Benefits Canada’s 2022 Benefits and Pension Summit on June 1. With labour shortages continuing to plague the workforce, Alexander believes […]
While there’s broad interest in environmental, social and governance factors, the majority of U.S. defined contribution pension plan consultants said their plan sponsor clients are looking for further clarity on the Department of Labor’s proposed guidelines before incorporating ESG into their investment options, according to a new survey by the Schaus Group and T. Rowe […]
Close to half (45 per cent) of Canadians say the ongoing coronavirus pandemic has negatively impacted their mental health, according to LifeWorks Inc.’s latest mental-health index. Although Canadians’ overall mental-health score increased to negative 10 in April from negative 10.5 in March, respondents reported lower scores in terms of work productivity (negative 11.5 from negative […]
The Defined Contribution Institutional Investment Association is calling on the U.S. government to develop flexible emergency savings solutions for employees. The Washington, D.C.-based organization is among 38 signatories calling for the creation of a national financial inclusion strategy. The strategy should reflect several key principles, including automatic enrolment in workplace emergency savings plans that are […]
Canadian workers’ financial well-being score is declining amid the ongoing coronavirus pandemic, according to LifeWorks Inc.’s latest financial well-being index. The survey, which polled 3,000 working Canadians, found their financial well-being score declined in the fall of 2021 to negative 2.3 from negative 1.6 in the summer and 2.2 in the spring of 2021. As some […]
When employees are financially stressed, they’re distracted and less productive at work and more likely to leave their jobs, according to a new survey by the Canadian Payroll Association. Though the survey found personal finances have improved for many Canadians in 2020 and 2021, 30 per cent of respondents who indicated they experience financial stress […]