The majority (88 per cent) of U.S. employers say they plan to change their health benefits provider over the next two years, according to a new survey by WTW. The survey, which polled more than 200 employers, found among respondents that offer well-being benefits, more than half (55 per cent) said they plan to make changes […]
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 […]
The U.S. Department of Defense is expanding its parental leave program for military personnel. Specifically, the expansion will provide parental leave to active and reserve component service members — on active duty for 12 months or more — who have given birth, adopted a child or had a child placed for adoption or long-term foster […]
Telus Communications Inc. was recognized for supporting employees’ holistic well-being as it took home the award for Health/wellness program for an employer with more than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. Acknowledging its staff are all somewhere on the well-being continuum and that each person’s situation and goals are […]
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, […]
Flexibility only goes so far, say two experts, and covers a small part of a healthy and respectful work culture. Tracy Fogale, senior manager of benefits at Kraft Heinz Canada: While flexibility is a critical way to retain employees, particularly women, in the workforce, it can’t tackle systemic issues such as the gender pay gap, […]
In 2018, Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, engaged the services of Women in Governance, an organization dedicated to increasing gender parity and diversity at Canadian employers. “This program helps us ask the right questions to make sure we’re implementing the right policies to increase gender […]
An expert panel about the impact of environmental, social and governance-focused target-date funds on capital accumulation plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: Expert panel: How ESG-focused TDFs could impact workplace CAPs CPPIB investing in discount grocery chain, OMERS acquiring infrastructure […]
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 […]
After the U.S. Supreme Court revoked the federal right to an abortion that’s been in place for half a century, companies like Amazon.com Inc., Apple Inc., JPMorgan Chase & Co. and the Walt Disney Co. pledged to cover travel costs for employees who live in states where the procedure is now illegal so they can […]