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 […]
In the wake of the coronavirus pandemic, five major stressors are impacting Canadians’ overall well-being, with four of these related to finances: the knowledge gap, financial stress at home and work, retirement and basic needs, said Margaret Adaniel, head of retirement marketing at Manulife Investment Management, during a session at Benefits Canada‘s 2022 DC Plan […]
During a session at Benefits Canada‘s 2022 DC Plan Summit, Simon Cabral, Scotiabank’s director of global defined contribution plans, shared how the organization ties employees’ financial wellness into their broader well-being. A few years ago, the bank rebranded its benefits offering, linking its benefits, retirement savings and employee share ownership plans. The new strategy includes […]
3M Canada’s benefits specialist discusses absence management, the ‘Great Resignation’ and rock painting. Q: What new programs or initiatives are you looking to implement? A: We recently launched an absence management platform that serves as a one-stop shop for our leaders to refer employees regarding disability leave and to stay informed on the status of […]
While the 2022 federal budget proposed funding for national dental care, the plan, as currently understood, lacks universality, would disrupt existing public and private dental care and threatens single-tier health care. According to a recent article in the Harm Reduction Journal, thousands of Canadians needlessly suffer from largely preventable oral conditions, mostly tooth decay and […]
More than eight in 10 (82 per cent) senior leaders say they’ve experienced exhaustion indicative of burnout, according to a survey by Deloitte Canada and LifeWorks Inc. The survey, which polled more than 1,100 senior leaders from 11 companies in global markets including Canada, Europe and the U.S., found nearly all (96 per cent) of those […]
An article on Public Health Sudbury’s violation of the Ontario Human Rights Code following an employee’s termination over a vaccine refusal was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Arbitrator finds employer violated Ontario Human Rights Code for termination over vaccine refusal 2. More […]
Nearly three-quarters (73 per cent) of employers have increased their communications emphasis on mental-health and behavioural health offerings in the past two years, according to a new survey by the International Foundation of Employee Benefit Plans. In addition, the survey found 90 per cent of employers said they offer employee assistance programs, 86 per cent […]
While more than a third of disability claims under Canadian employer-sponsored benefits plans in 2022 were due to mental-health reasons, just two-thirds (63 per cent) of organizations are addressing this risk effectively, according to a new survey by Mercer. The survey, which polled more than 100 organizations globally, found more than half (55 per cent) […]
The more diverse a company is, the better talent they can attract — and in this competitive market, attracting and retaining workers is important to growth. According to a recent McKinsey & Co. report, companies are increasingly regarding inclusion and diversity as a source of competitive advantage and, specifically, as a key enabler of growth. In […]