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 […]
Lululemon Athletica Inc.’s thorough and innovative approach to benefits communications resulted in a win at Benefits Canada‘s 2023 Workplace Benefits Awards on Oct. 20. The apparel company won in the Benefits plan communications category for its detailed communications strategy — which includes professionally developed benefits overview videos and detailed guides for workers going on leave — and the […]
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 […]
Just four in 10 (43 per cent) U.S. employees say their company supports them with resources to better manage and improve their well-being, down from 53 per cent in 2022, according to a new survey by human resources consultancy Alight Solutions. The survey, which polled more than 2,000 employees, found fewer than half rated their mental/emotional […]
More than half (53 per cent) of U.S. workers say diversity, equity and inclusion is a key factor when considering a new job, a percentage that increases among millennials (63 per cent) and generation Z (77 per cent), according to a new survey by Eagle Hill Consulting. The survey, which polled nearly 1,400 workers, found […]
Two-fifths (41 per cent) of Canadian employees say they’re either already looking or plan to look for a new job before the end of the year, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 workers, found generation Z employees (64 per cent) were most likely to […]
Though still a fairly new concept, pet benefits are becoming a more common consideration when employers are expanding their offerings and looking to stand out. In August 2022, Talk Shop Media introduced a ‘pawrental’ leave policy, which allows employees to take time off around the adoption of a new pet to focus on ownership duties, […]
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 […]
Just over half (56 per cent) of Americans feel on track for retirement, an 11 per cent drop in confidence compared to 2022, according to a new survey by BlackRock Inc. The survey, which polled more than 450 large defined contribution pension plan sponsors, 1,200 workplace retirement plan savers, 1,300 independent savers and 300 retired […]
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 […]