A quarter (26 per cent) of U.S. employers are considering expanding the abortion services they cover, according to a new pulse survey by the International Foundation of Employee Benefit Plans. Almost half (46 per cent) of respondents said they aren’t making any changes to coverage levels, while 26 per cent don’t know or are waiting […]
More than two-thirds (70 per cent) of large U.S. employers are planning to beef up their benefits plans in 2023 to enhance their attraction and retention efforts, according to a new survey by Mercer. The survey, which polled more than 700 employers, found a third (32 per cent) of large employers already offer inclusive family-building […]
Two-fifths (40 per cent) of U.S. employees and one in five U.K. workers say their employer has introduced new childcare programs or subsidies over the past year, according to a survey by software company Beqom. The survey, which polled 2,000 employees in the U.K. and the U.S., found 45 per cent of U.S parents and 42 […]
The ‘Great Resignation’ is ushering in a period of great transformation for employers, the workforce and the workplace of the future, said Charmaine Alexander, senior advisor of disability management at Desjardins Insurance, during a session at Benefits Canada’s 2022 Benefits and Pension Summit on June 1. With labour shortages continuing to plague the workforce, Alexander believes […]
Telus Corp. is acquiring LifeWorks Inc. for a total transaction value of $2.9 billion. The agreement will see Telus purchase the digital health and wellness provider for the total consideration of about $2.3 billion in cash and the assumption of about $600 million in LifeWorks’ debt, said Doug French, Telus’ chief finance officer and executive […]
Many U.S. employers are adding travel coverage for employees travelling for an abortion, amid recent restrictions imposed by several states. Among the employers offering this coverage are Amazon.com Inc., Apple Inc., Citigroup Inc., Levi-Strauss & Co., Microsoft Inc. and Yelp Inc. Currently, 13 states have imposed restrictions to abortion access and, if the Supreme Court […]
Over the course of the coronavirus pandemic, health-care spending and wellness accounts have been vital tools in employers’ support toolboxes. Whether it’s increasing the dollar amount allotted to these accounts or broadening the eligible services covered under wellness accounts, employers are maximizing these offerings to help employees endure the prolonged public health crisis. Since HCSAs […]
Roughly two-fifths (37 per cent) of U.S. employers are increasing the quality of their existing benefits offerings to help with employee retention and attraction efforts, according to a survey by Principal Financial Services Inc. The survey, which polled 500 employers and 200 employees, found the top three enhanced benefits are short- and long-term disability insurance, […]
Canadian employers are turning their focus to updating their benefits plans and ensuring a strong employee experience in an effort to address the challenges employees are facing in the coronavirus pandemic and to attract key talent in a tight labour market. “Many companies are adding new services to their benefits plans to support their employees […]
Employers, employees and benefits advisors alike have long struggled with the inefficient and largely paper-based approach to administrating benefits. Advisors face long wait times for quotes, employers face the annoyance of a slow onboarding process that prevents employees from accessing their benefits immediately after enrolment and employees can have difficulty submitting claims and face confusion […]