The union representing around 150 employees at West Fraser Timber in Fort Frances, Ont. has ratified a four-year collective agreement that includes multiple benefits gains. The new contract, which is retroactive to Aug. 1, 2022, includes a new maternity leave top-up program that provides new mothers with additional financial support. During the first eight weeks […]
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 majority (80 per cent) of Canadian employers say they enhanced their total rewards programs in 2022 to better attract and retain employees, up from 63 per cent in 2020 and 2021, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 450 employers, found 44 per cent […]
The union representing roughly 300 employees at American Airlines in Toronto and Montreal has ratified a new two-year agreement that includes pension and benefits improvements. The agreement includes a 0.5 per cent increase to the matching formula for the defined contribution pension plan — from 5.5 per cent to six per cent — plus an […]
Six in 10 (60 per cent) U.S. employees say they’re more likely to stay at their current job if their employer offers a retirement savings plan, according to a new survey by Voya Financial Inc. The survey, which polled 1,000 employees, also found respondents are more likely to stay with their employer if they offer physical […]
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, […]
More than three-quarters (78 per cent) of plan sponsors say they’re concerned about the coronavirus pandemic’s long-term impact on the cost of health benefits plans, up from 71 per cent in 2021, according to the 2022 Benefits Canada Healthcare Survey. Among these respondents, 31 per cent strongly agreed with this statement, up from 23 per cent […]
Half of benefits plan members (49 per cent) and plan sponsors (48 per cent) say they have a health-care spending account in 2022, compared to 39 per cent of both plan members and plan sponsors that said the same in 2021, according to the 2022 Benefits Canada Healthcare Survey. In 2017, when this question was […]
Rothmans, Benson & Hedges Inc. is highlighting its focus on employee well-being, diversity, equity and inclusion in its annual sustainability report. The report shares the company’s vision and strategies across four pillars including ‘Caring for People.’ For example, after quarterly employee surveys on a wide variety of topics, RBH measures and shares the feedback to […]
While the latest stage of the coronavirus pandemic is heralding a gradual return to relative calm, plan sponsors are stepping out of the frying pan and into the fire. The pandemic accelerated the ongoing evolution in the relationship between plan sponsors and plan members, with employees now looking to their employers to help them manage […]