The union representing employees at Ontario-based flooring company Gesco Ltd. Partnership has ratified a three-year collective agreement that includes retirement and paid leave gains. The company will now match all regular employees’ contributions to the group registered retirement savings plan to a maximum of four per cent of their basic annual earnings. The agreement also […]
Sodexo Group is supporting its multinational workforce with parental and care leave, life insurance and an employee assistance phone line. The food services company will provide a minimum of 12 weeks of parental leave for the primary care provider, towards a goal of reaching 14 weeks in most countries. It will also provide two weeks […]
The union representing 450 employees at Domtar Corp. in Dryden, Ont. has ratified three collective agreements that include benefits and pension gains. The agreements include several group benefits enhancements, including $100 for vision, a $200 increase for dental and orthodontics, a $10,000 increase in life insurance, $1,000 for eye surgery and improvements in short- and […]
Sales of U.S. workplace supplemental health insurance products totalled US$2.1 billion in the first nine months of 2022, rising 11 per cent year over year, according to a new survey by LIMRA. It also found workplace supplemental health insurers reported a combined total of $453 million in the third quarter of 2022, three per cent […]
Financial education and well-being initiatives are in the spotlight as employees face the stress of multiple financial headwinds — from inflation reaching a 40-year high to the strong likelihood of an impending recession — and search for advice and clarity. “There’s a very strong correlation between financial wellness and mental wellness,” said Dr. Jim Chung […]
Employers planning to incentivize non-smoking employees should align these perks with a broader health and well-being strategy and ensure the rewards are significant enough to make behaviour change appealing for smokers, says Kim Siddall, vice-president of enterprise consulting for the West at People Corporation. Possible incentives include additional vacation time, increased credits in a health-care […]
While 80 per cent of U.S. employees view mental-health coverage as critical, only 61 per cent have access to mental-health care as part of their benefits package, according to a new survey by Aflac Inc. The survey, which polled more than 2,000 employees and 1,200 employers in the U.S., found more than half (59 per cent) […]
In March 2020, Bill Gosling Outsourcing’s benefits plan was facing unsustainable costs, as well as a deficit due to incoming premium increases. The coronavirus pandemic, which was declared at the same time, presented an opportunity for the organization to make significant changes. “During the pandemic, people were housebound, so they weren’t going to the dentist […]
The union representing employees at Glencore’s Raglan Mine in Nunavik, Que. has ratified an agreement that includes benefits gains and increases in paid disability leave. Nearly two-thirds (61 per cent) of the members of United Steelworkers Local 9449 voted in favour of the five-year agreement, which includes short-term disability coverage of 70 per cent of […]
In the first quarter of 2022, new annual premiums for supplemental health insurance products totalled $1.1 billion in the U.S., a six per cent increase from the same period last year, according to LIMRA’s latest workplace benefits sales surveys. Most workplace supplemental health insurance product lines ― accident, critical illness, cancer and hospital indemnity insurance ― […]