With flu season around the corner, it’s important for employers to communicate that it’s acceptable to take sick days and prioritize well-being so employees don’t feel guilty taking time off, says Jodi Kovitz, chief executive officer of the Human Resources Professional Association. “It really is on leaders to encourage people to take sick days because it’s […]
The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its five-year peak of $98,800 in 2021, according to a new survey by Northwestern Mutual Life Insurance Co. The survey, which polled more than 4,500 U.S. adults aged 18 or older, found a third […]
Only a quarter (24 per cent) of Canadian employees say their employer offers seasonal perks during the summer, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found the most common summer benefits include flexible summer hours (48 per cent), reduced work hours (39 per cent), casual dress […]
Nearly two-thirds (60 per cent) of U.S. employees currently use or have previously used virtual care as part of their health-care experience, according to a new report by Cigna Healthcare. It found 70 per cent of U.S. adults were likely to use digital health tools in the future and roughly three-quarters believe the tools would […]
Seven in 10 U.S. workers between the ages of 40 and 80 with at least $100,000 in investable assets say they’d be “very” or “somewhat” likely to select an in-plan annuity option if it were available within their employer-sponsored retirement savings plan, according to a new report by LIMRA. It also found younger plan participants […]
Nearly two-thirds (64 per cent) of Americans say they wish they’d started saving for retirement when they were younger than age 25, according to a new survey by Voya Financial Inc. The survey, which polled more than 1,000 Americans adults, found more than half said they started saving for retirement when they were between ages 18 […]
With millennials and generation Z employees representing roughly 75 per cent of the Canadian workforce, employers need to respond to the changing needs of these demographics, said Andrew Brandsma, director of sales for new business development at claims processing company National HealthClaim, during a session at Benefits Canada’s 2024 Vancouver Benefits Summit in May. Both […]
Half (50 per cent) of Canadian employees say they’re planning to search for a new job in the second half of 2024, up from 41 per cent during the same period last year, according to a new survey by Robert Half Canada Inc. The survey, which polled 600 workers and more than 200 hiring managers, […]
Mental-health claims by Canadians have increased by 132 per cent since the onset of the coronavirus pandemic, according to a new report by GreenShield. The report, which compiled data from the insurer’s claims database between 2020 to 2023, found women and younger generations account for the majority of mental-health services accessed. Among those accessing mental-health services, stress […]
Nearly half (45 per cent) of U.S. employees say they’ve experienced burnout, down from 58 per cent in August 2020, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,200 employees, found women (49 per cent) continued to report higher levels of burnout than men (41 per cent). Across generations, […]