Nearly half (46 per cent) of Canadian employees said financial stress is impacting their workplace performance, according to a new survey by the Canadian Payroll Association. The survey also found that Canadian employees are more concerned with work-life balance (33 per cent) than they are with earning higher wages (26 per cent). This is especially true of […]
Cashiers will often ask Canadian consumers if they’d like to donate to a charity as they pay for items at retail stores. But what about applying the concept to retirement savings? A pilot project in Mexico is taking voluntary contributions at the checkout counter to a whole new level by nudging people who are buying […]
Many Canadians are challenged to overcome barriers to retirement planning, such as the perception that the process is too lengthy, complicated and overwhelming. But if these barriers can be effectively removed, the financial security of Canadians would be improved. As part of its seniors strategy, the Ontario Securities Commission studied and analyzed barriers to retirement planning […]
Two-thirds (63 per cent) of North American employers offer financial education to their staff and a further 19 per cent are considering doing so, according to a new survey by the International Foundation of Employee Benefit Plans. The survey, which queried 448 organizations from Canada and the United States, found that, among employers that do offer financial […]
Canadians’ personal finances have an impact on their health, with just 26 per cent of people in poor health describing their financial situation as excellent or very good. That compares to 59 per cent of those in excellent or very good health, according to the 2018 Sanofi Canada health-care survey. In addition, the survey found […]
Alongside its financial impact, extreme weather takes a toll on absenteeism, mental health and disability claims, according to a new study by the Intact Centre on Climate Adaptation at the University of Waterloo. The research, funded by Manulife Financial Corp. and Intact Financial Corp., looked at homeowners in Burlington, Ont., after a storm in August 2014 left […]
Some organizations are unique. Their employees are genuinely excited to be at work and an undercurrent of energy and vitality permeates the air. They’ve transformed the workplace into a compelling experience and built a thriving workforce. This kind of environment doesn’t come easily; it must be deliberately designed, intentionally built and carefully managed. In an age of […]
About a third (30 per cent) of Canadian workers view financial wellness programs as a major factor in selecting a new employer, but only 40 per cent trust the organization they work for when it comes to information or advice, according to a new survey by Mercer. The survey, which polled 1,500 Canadian employees, found that […]
May is the perfect time of year to address employees’ financial health, as they’ve just gone through the stress of filing their tax returns. As well, May 7-13 is Mental Health Week in Canada, so employees will be seeing an abundance of resources to support their challenges, encourage new behaviours and improve their situations. Good financial health […]
More than half of Canadian business executives expect a substantial portion of the jobs at their companies won’t exist in five years, according to a new survey by Mercer. Among the findings of Mercer’s survey of the top workforce trends is a prediction by 54 per cent of Canadian executives that at least one in […]