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Amid an ongoing labour shortage, employers of all sizes and sectors are increasingly embracing diversity, equity and inclusion. A recent Statistics Canada report found, as baby boomers retire, immigration has been a driving force behind workforce growth. Meanwhile, younger workers are voting with their feet — no longer satisfied with performative DEI statements, they’re looking […]

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Half (50 per cent) of Canadian employees say they’re currently looking for a new job or plan to begin their search in the first half of 2023, up from 31 per cent in June, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 employees, found employees who’ve been […]

  • By: Staff
  • December 16, 2022 December 16, 2022
  • 15:00

Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security and Aon. It found U.S. state and local employees in a typical public defined benefit pension plan need to save roughly four to six per cent of their salary on their […]

  • By: Staff
  • December 13, 2022 December 12, 2022
  • 09:00

More than two-thirds (67 per cent) of U.S. employees say concerns about a recession are impacting their mental health, according to a new survey by Principal Financial Group. The survey, which polled 500 employers and 200 employees, found this percentage increased among millennials (79 per cent) and generation Z (76 per cent). Nearly three-quarters of […]

  • By: Staff
  • December 12, 2022 December 9, 2022
  • 09:00

Two-fifths (40 per cent) of all U.S. private sector employees don’t have an employer-sponsored retirement plan and non-white workers have the least access to these plans, according to a report by T. Rowe Price Group Inc. It found that, while 58 per cent of white employees had access to workplace retirement plans, this percentage decreased […]

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Is the concept of financial independence and early retirement truly feasible? 2. Expert panel: Can pension administrators deny benefits to plan members who don’t […]

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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More than two-thirds (70 per cent) of millennials say they aren’t saving enough for retirement, while 27 per cent aren’t able to save any money, according to a new survey by Edward Jones Canada. The survey, which polled more than 1,000 employees aged 18 and older, found millennials were most likely to cite debt (21 […]

  • By: Staff
  • November 18, 2022 November 17, 2022
  • 15:00

More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial wellness benefits, according to a new survey by software platform TalentLMS. The survey, which polled 1,000 employees, found 73 per cent said their employer offers financial wellness benefits. The top […]

  • By: Staff
  • November 16, 2022 November 17, 2022
  • 15:00

Nearly all (97 per cent) employees aged 18 to 34 say they’re feeling burned out, according to a new survey by Cigna Corp. The survey, which polled about 12,000 employees from across the globe, found half (51 per cent) of young workers said they don’t feel fully present or engaged in their work and 48 […]

  • By: Staff
  • October 31, 2022 October 28, 2022
  • 09:00

Around half (54 per cent) of U.S. employees say they’ve stopped or reduced retirement savings due to inflation, according to a new survey by Allianz Life Insurance Co. of North America. It found two-fifths (43 per cent) of workers said they’ve dipped into their retirement savings because of rising inflation. Eight in 10 (80 per […]

  • By: Staff
  • October 28, 2022 October 28, 2022
  • 15:00