Increased flexibility, enhanced digitization and a focus on diversity, equity and inclusion are among the trends shaping 3M Canada’s benefits plan in 2023, says Jacqueline McLennan, a benefits specialist at the company. In particular, 3M’s wellness program offers employees the flexibility to support their personal health and well-being. “We don’t have it narrowed down to only use […]
Employers in traditionally male-dominated industries can use flexible benefits and a diversity-minded approach to hiring to attract more female talent, says Deirdre Chong-Smith, a compensation consultant at Eckler Ltd. “Something that tends to get overlooked when thinking about an inclusive workplace is having a flexible benefits package that can cover any type of person or […]
Third-party administrators are key health benefits industry players that have grown in size and influence but are relatively unknown and sometimes misunderstood. The Third-Party Administrators’ Association of Canada represents the majority of TPAs in Canada, which together manage benefits plans for more than 5.3 million Canadians through 70,000 employers, says Mike McClenahan, the TPAAC’s president […]
As employers increasingly see four generations represented in their workforces and a diverse range of employee needs, customization and flexibility in benefits and wellness plans are becoming key to creating healthy outcomes for all employees. The result of these offerings was “peace of mind for employees and their families and a sense of belonging in […]
The Ottawa Community Housing Corp.’s flexible employee well-being strategy led to a win in the Health/wellness program category for employers with fewer than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. “Our organization is happy about the win because this journey in terms of supporting employee health started about two to three years back,” […]
LifeLabs Inc.’s holistic well-being strategy led to its win in the Coronavirus and benefits category for an employer with more than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. In 2021, the organization recognized employees are likely to experience the coronavirus pandemic’s lasting impacts for months and years to come and turned its focus […]
The majority (84 per cent) of U.S. employers are increasing their benefits offerings to help with attraction and retention efforts, according to a new survey by CITE Research on behalf of Lively Inc. It found almost all (94 per cent) respondents said they believe parental leave benefits are the most important offering to attract and […]
As employers increasingly focus on diversity, equity and inclusion in their human resources policies and benefits programs, KPMG in Canada has introduced a daily living benefit that provides coverage for living aid equipment for employees. Some examples of equipment that qualifies under the new benefit are chairlifts, grab bars and bathroom equipment such as bath […]
The provision of employer-sponsored benefits has evolved significantly over the last 45 years, with the past decade ushering in the most consequential changes, fueled by technology, increased competition and demand. In the 80s and 90s, benefits plans were very siloed and one size fits all, says Chris Pryce, founder and president of Human Capital Benefits, […]
Our industry sometimes gets a bad rap for being overly traditional and slow to change. But there’s no question we’ve seen some major shifts in employee benefits over the past 45 years. Three of those shifts will have implications for employers going forward. Greater onus on the individual to save for retirement Over the years, […]