The concept of employee benefits was established on a foundation built decades ago, when employees worked full time and long term with one employer. Those days are long gone. Temporary, part-time and gig work have become the norm, accounting for 60 per cent of job growth in advanced economies since the 1990s. Gig work is […]
Three-quarters (74 per cent) of U.S. employers say they plan to consolidate their health benefits within the next year, according to a new survey by Summus Global Inc. The survey, which polled more than 250 employers, found that, while 86 per cent said they’re satisfied with their current health benefits offerings, they’re inundated with the management […]
Scotiabank is supporting employee well-being and workplace inclusivity by aligning benefits offerings across its global markets. Employees in the majority of countries where Scotiabank operates will see their benefits aligned with the bank’s global inclusive standard within the next five years, towards a goal of aligning benefits in all markets by the end of 2030. […]
The annual Benefits & Pension Summit, which was hosted virtually on June 1, is the only Benefits Canada event that brings together health benefits and capital accumulation plans in one event. This year, delegates heard the results of Benefits Canada‘s exclusive CAP Member Survey with a panel of experts discussing the findings, case studies from two leading […]
TD Bank Group credits its culture of care for the recent enhancements to its benefits plan. “We place a great amount of emphasis and focus on this, which is a key element of our [employee] promise,” said Susy Michor, the bank’s vice-president of human resources, global retirement benefits and well-being, during Benefits Canada’s 2023 Benefits […]
Since 2016, millennials have made up a larger share of the working population than baby boomers — and today, one in three Canadians of working age is a millennial, according to Charmaine Alexander, senior advisor in disability management at Desjardins Insurance, speaking during Benefits Canada’s 2023 Benefits & Pension Summit in June. A recent survey […]
An article on Toyota Motor Manufacturing Canada’s gender affirmation coverage was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Toyota Motor Manufacturing Canada providing employees, dependants with $10K in gender affirmation coverage 2. 38% of Canadian workers don’t feel supported by their employer: survey 3. Changes […]
KPMG in Canada is aiming to achieve leadership representation of 33 per cent women and 26 per cent Black, Indigenous and people of colour by Oct. 1, 2025. The organization’s latest diversity, equity and inclusion report said it reached its 2022 leadership diversity goals — of 30 per cent women and 20 per cent BIPOC […]
Employees are finding their compensation, benefits and options for career advancement are less satisfying, according to a new survey by ADP Canada. The survey, which polled 1,200 Canadian workers, found that, on a scale of one to 10, the average national work happiness score was 6.6, down slightly from 6.7 in May. More than two-fifths […]
Toyota Motor Manufacturing Canada Inc. is providing employees and their dependants with $10,000 in lifetime gender affirmation coverage. The additional coverage complements existing benefits that support transitioning employees, including prescription drug coverage for hormone therapy, mental-health coverage, disability insurance and medical leaves for employees who are recovering from surgeries. The new coverage is also extended to […]