financial well-being – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-81/ Fri, 03 May 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=155136 A story on how private payers are implementing preferred pharmacy networks to reduce benefits plan costs was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. More private payers seeking to reduce costs turning to preferred pharmacy networks: expert 2. Chipotle expanding […]

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]]> How the WSIB is supporting employee well-being with enhanced, unlimited mental-health coverage https://www.benefitscanada.com/archives_/benefits-canada-archive/how-the-wsib-is-supporting-employee-well-being-with-enhanced-unlimited-mental-health-coverage/ Fri, 12 Apr 2024 12:58:11 +0000 https://www.benefitscanada.com/?p=154146 While the coronavirus pandemic may be in the rearview mirror for most employers, the Ontario-based Workplace Safety and Insurance Board knows all too well that the shadow pandemic that emerged from the health crisis is still impacting employees in the workplace. At a time when some employers are considering cutting back on mental-health benefits, the […]

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]]> Q&A with BMO Financial Group’s Vanessa Lewerentz https://www.benefitscanada.com/archives_/benefits-canada-archive/qa-with-bmo-financial-groups-vanessa-lewerentz/ Fri, 12 Apr 2024 12:52:30 +0000 https://www.benefitscanada.com/?p=154154 The organization’s chief inclusion officer discusses building an inclusive learning roadmap, the adoption of AI in the HR space and finding ways to nourish her soul amid life’s daily demands. Q: What top challenges do you face in your role? A: Harmonizing company objectives with internal and external expectations — which are influenced by cultural […]

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]]> Nearly half of working Canadian women disappointed with employer’s support during maternity leave: survey https://www.benefitscanada.com/benefits/absence-management/nearly-half-of-working-canadian-women-disappointed-with-employers-support-during-maternity-leave-survey/ Tue, 26 Mar 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=153585 Nearly half of Canadian women employees say they’re dissatisfied with their organizations’ support during maternity leave, according to a survey by Maturn. The survey, which polled more than 1,000 women, found two-fifths (39 per cent) didn’t receive a top up. Among the 59 per cent who said they received some form of paid leave, the benefits […]

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]]> Federal minimum wage rising to $17.30 per hour on April 1 https://www.benefitscanada.com/news/bencan/federal-minimum-wage-rising-to-17-30-per-hour-on-april-1/ Fri, 22 Mar 2024 19:00:23 +0000 https://www.benefitscanada.com/?p=153519 The federal minimum wage is rising to $17.30 per hour, effective April 1. The increase from $16.65 reflects the increase in the annual average consumer price index for 2023. Roughly 30,000 employees in the federally regulated private sector are expected to benefit from the increase, according to a press release, which also noted employers are […]

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]]> Survey finds three-quarters of U.S. employers increasing commitment to well-being programs https://www.benefitscanada.com/benefits/health-wellness/74-of-u-s-employers-increasing-commitment-to-well-being-programs-survey/ Fri, 22 Mar 2024 13:00:02 +0000 https://www.benefitscanada.com/?p=153321 While three-quarters (74 per cent) of U.S. companies have increased their commitment to well-being programs in the last two years, just 50 per cent of employees say they’ve seen an increase in support, according to a new survey by Buck, a subsidiary of Arthur J. Gallagher & Co. The survey, which polled more than 250 […]

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]]> 69% of global employees say their mental health has worsened in the past year: survey https://www.benefitscanada.com/benefits/health-wellness/69-of-global-employees-say-their-mental-health-has-worsened-in-the-past-year-survey/ Mon, 18 Mar 2024 13:00:48 +0000 https://www.benefitscanada.com/?p=153202 More than two-thirds (69 per cent) of employees say their mental health has stayed the same or worsened in the past year, according to a new survey by Calm.com Inc. The survey polled more than 150 employers and more than 4,000 workers in the U.S., U.K., Germany and India. It also analyzed usage patterns of more […]

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]]> 55% of Americans worry they won’t have financial security in retirement: survey https://www.benefitscanada.com/pensions/retirement/55-of-americans-worry-they-wont-have-financial-security-in-retirement-survey/ Fri, 01 Mar 2024 14:00:02 +0000 https://www.benefitscanada.com/?p=152495 More than half (55 per cent) of Americans say they’re worried they won’t achieve financial security in retirement, according to a new survey by the National Institute on Retirement Security. The survey, which polled more than 1,200 individuals aged 25 and older in the U.S., found more than three-quarters (79 per cent) believed there’s a retirement […]

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]]> 71% of Canadian workers say rising cost of living is increasing faster than their income: survey https://www.benefitscanada.com/news/bencan/71-of-canadian-workers-say-rising-cost-of-living-is-increasing-faster-than-their-income-survey/ Wed, 28 Feb 2024 14:00:16 +0000 https://www.benefitscanada.com/?p=152376 Nearly three-quarters (71 per cent) of Canadian workers say their rising cost of living is increasing faster than their income, according to a survey by Scotiabank. The survey, which polled more than 1,500 employees, found Canadians, on average, worry about their finances for 15 hours a week, up from 10 hours last year. Read: Hydro Ottawa providing […]

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]]> UPP keeping plan members engaged, informed with new web portal https://www.benefitscanada.com/pensions/pension-communication/upp-keeping-members-engaged-informed-with-launch-of-new-web-portal/ Mon, 26 Feb 2024 14:00:47 +0000 https://www.benefitscanada.com/?p=152301 The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our members,” says Joanna Lohrenz, the plan’s chief pension services officer, noting the website will provide members with account details and allow them to update their personal information, run a pension […]

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