Between 2000 and 2022, the average retirement age among Canadians climbed from 61.6 to 64.6, the highest it’s been since 1982, according to data from Statistics Canada. The agency’s June 2023 labour force survey found 22 per cent of Canadians aged 55 to 59 were either partially or completely retired. The same was true of […]
With more than 40,000 employees across the country, Amazon Canada is a microcosm of the wider national workforce. Comprising five generations, the online retailer’s workers represent a wide spectrum of savings goals and related challenges. And to support these goals, it has developed a diverse array of options to meet staff at every stage of […]
Nearly half (47 per cent) of Canadian employees say they feel happy with their current job and responsibilities, according to a new survey by ADP Canada. The survey, which polled more than 1,200 employees, found that, on a scale of one to 10, workers reported an average happiness score of 6.8, up from 6.7 in […]
Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t line up with workplace pensions the way they did for previous generations. “What I’m getting at here is the idea that retirement saving isn’t the undeniable consensus top priority it […]
More than half (53 per cent) of Canadian employees say they feel negatively about work and 30 per cent feel tired and overworked, according to a new survey by ADP Canada. The survey, which polled more than 1,800 employees, found two-thirds (68 per cent) said work-life balance was among their top three priorities (along with […]
While U.S. generation Z workers want to retire at age 61, 99 per cent of these employees say they’re facing obstacles to saving for a comfortable retirement, a nine per cent increase from 2022, according to a new survey by Charles Schwab & Co. Inc. The survey, which polled 1,000 401(k) plan participants, found the […]
Despite incidences of burnout dropping five percentage points over the past year, two-fifths (45 per cent) of U.S. employees say they’re feeling burnt out at work, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,000 respondents, found women and younger workers are reporting the highest levels of burnout. Indeed, […]
Nearly two-thirds (61 per cent) of employers recognize they’ll need to offer a wider variety of benefits options to meet the expectations of the different generations in their workforces, according to a new report by LIMRA and EY. In particular, the survey, which polled more than 800 U.S. employers and more than 1,800 employees, found demand […]
Canadian employees across all generations value the flexibility and autonomy that remote working provides in their careers, according to a report by Robert Half Canada Inc. The report, which compiled data from three separate surveys with a total of more than 2,000 respondents, found a quarter (25 per cent) said they’d take a pay cut […]
While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per cent) and women (64 per cent) participating in these plans say they’ve saved less than 10 per cent of their retirement savings target, according to a new report by the […]