The U.S. Department of Labor is launching an employee ownership initiative to encourage more employers and employees to take advantage of these opportunities. The new initiative will fall under part of the SECURE 2.0 Act — which was passed by Congress in 2022 — and aims to empower workers through ownership arrangements and educate them […]
Three-quarters (76 per cent) of U.K. employers think it’s important to retain employees over age 50, with almost a third (32 per cent) saying it’s very important, according to a new survey by Aviva. It also found 10 per cent of employers have introduced support over the last year for retaining employees aged 50 or […]
Canadian employers are investing in innovative financial, physical and mental-health benefits to drive their attraction and retention efforts, according to a new survey by Mercer. The survey, which polled more than 300 employers, found 59 per cent said they’ve invested in employee discount programs, followed by budgeting and other financial wellness education and support (51 […]
TD Bank Group credits its culture of care for the recent enhancements to its benefits plan. “We place a great amount of emphasis and focus on this, which is a key element of our [employee] promise,” said Susy Michor, the bank’s vice-president of human resources, global retirement benefits and well-being, during Benefits Canada’s 2023 Benefits […]
Since 2016, millennials have made up a larger share of the working population than baby boomers — and today, one in three Canadians of working age is a millennial, according to Charmaine Alexander, senior advisor in disability management at Desjardins Insurance, speaking during Benefits Canada’s 2023 Benefits & Pension Summit in June. A recent survey […]
More than half (57 per cent) of employees say they’re seriously considering quitting their current jobs for one that’s more supportive, while nearly seven out of 10 executives are thinking about taking this leap, according to a survey by Deloitte. The survey, which polled more than 1,000 C-suite leaders and more than 1,000 employees, found […]
Nearly two-fifths (38 per cent) of Canadian workers say they don’t feel — or have never felt — supported by their employer, according to Telus Health’s latest mental-health index. The survey, which polled more than 3,000 employees, found the average mental-health score for Canadian workers was 64.6, unchanged from April. Among respondents who said they […]
The Ottawa Community Housing Corp. is continuing to see employee engagement in its health and wellness programs following its win in Benefits Canada’s 2022 Workplace Benefits Awards. The organization’s flexible well-being strategy won in the Health/Wellness program category for employers with fewer than 1,000 employees. In 2021, the OCH added more flexibility to its wellness programs by overhauling […]
Three-quarters (76 per cent) of Canadians say they’ll need to work longer than their parents to become financially secure in retirement, a percentage that increases among millennials (85 per cent) and generation X (84 per cent), according to a new survey by Edward Jones Canada. The survey, which polled more than 1,000 employees, found 82 per […]
More than half of generation Z (56 per cent) and millennial employees (65 per cent) say their current benefits package makes them somewhat more likely to remain with their employer, according to a new survey by LIMRA. The survey, which polled more than 4,000 U.S. employees, found 54 per cent of workers said they view their benefits […]