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 […]
Employers are increasingly facing a tight labour market and need to compete for top talent with a stronger benefits offering. Using technology to compare offerings across insurance companies and other providers can ensure employers have a cost-competitive plan that speaks to employees’ needs, said Matt Lister, co-founder and chief executive officer at CloudAdvisors, during Benefits […]
A majority (88 per cent) of human resources professionals believe mental-health resources can increase productivity, employee retention (86 per cent) and organizational return on investment (78 per cent), according to a new survey by the Society for Human Resource Management Foundation. It found while 90 per cent of respondents said mental-health resources can serve as […]
Half (50 per cent) of small- and medium-sized employers are having trouble coping with mental-health challenges after two years of the coronavirus pandemic, according to a new survey by the Canadian Federation of Independent Business and group insurance provider Nexim Canada. It found two-thirds (66 per cent) of employers are close to burning out, citing […]
Almost two-thirds (61 per cent) of U.S. employees aged 25 to 35 have changed jobs in the last two years or are planning to make a move by 2024, according to a new survey by Fidelity Investments Inc. The survey, which polled 1,500 employees, found while salary was the most important factor to employees who […]
While almost two-thirds (62 per cent) of British Columbians said they’re covered by either a group or personal health benefits plan, just 18 per cent said they’ve accessed mental-health benefits, according to a new survey by Pacific Blue Cross. The survey, which polled more than 1,000 adults in B.C., found that, among respondents with an […]
An article on how employers can support workers as a record number of Canadians prepare to retire was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How employers can support workers as record number of Canadians near retirement 2. Best Buy adopting remote working-first approach […]
More than half (57 per cent) of U.S. employees expect a return to the office will have a positive impact on their well-being, while 12 per cent expect a negative impact and 31 per cent feel neutral or aren’t planning to return to the office, according to a new survey by software company Workhuman. The […]
The percentage of U.S. employers offering new or additional voluntary benefits increased by 41 per cent during the 2022 enrolment period, according to a new survey by Aon. The survey attributed this growth to employers’ talent retention and attraction strategies, as well as employee demand for supplemental health insurance products during the coronavirus pandemic. The […]
LifeLabs Inc. is marking Mental Health Week by offering additional mental-health resources including telemedicine through its benefits program. “We’re hoping it will provide a lot of convenience for our employees, just to save time,” says Trin Pettingill, LifeLabs’ national director of total rewards, human resource operations and technology. “It’s something we’ve been looking at for […]