Keyword: Millennials

67 results found
Shifting demographics key catalyst to changing pension plan design

Shifting demographics have always driven Canadian pension plan design, and the growth of the millennial generation as the largest portion of the workplace is no exception, according to Morneau Shepell Ltd.’s Joseph De Dominicis. “To me, shifting demographics are the key catalyst driving large global trends that in turn influence how we design pension programs, benefits […]

Generation gap exists in optimism about retirement: study

While Canadians aged 18 to 34 are the most likely age group to believe their standard of living will increase in retirement, they’re also the least likely to have started saving for it, according to a study by the Ontario Securities Commission. The study, which polled 2,259 Canadians aged 18 and older, found 39 per cent of all […]

  • By: Staff
  • November 29, 2018 September 13, 2019
  • 09:00
Editorial: Looking back — and ahead — in an unprecedented year

In my formative school years, it was mandatory for all students to learn cooking, carpentry and typing, among other non-academic pursuits. While I’m certainly grateful to have those life skills, as I get older I wonder why we weren’t taught to invest in the stock market, save for retirement or do our taxes. Generationally, I […]

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In helping employees save for their future, the Royal Bank of Canada recognizes the importance of meeting its staff where they are on their financial journeys. Over the past few years, the bank noticed employees weren’t saving enough into its pension plans. In particular, new hires and younger workers who were invited to join the […]

Millennial employees more likely to be involved in mentoring: survey

Nearly half (46 per cent) of millennial workers have a mentor, compared with just 27 per cent of employees over age 35, according to a survey by American Express and Catalyst Canada. The survey, which polled 1,440 Canadians over the age of 22 working in a corporate environment, also found 34 per cent of all female […]

  • By: Staff
  • November 5, 2018 September 13, 2019
  • 08:45
Is ghosting the new quitting?

All seemed to be going well with Randolph Rice’s new receptionist. She asked for more responsibilities and got them and said she was happy. Then, two months into the job at Rice’s law office, she didn’t show up for work or call in sick. Rice tried to reach her, but got no response. He’d been […]

Total rewards evolving to suit workforce of the future: Mercer

While total rewards were once based on pay and benefits in an attempt to cultivate long-term employee loyalty, the concept has evolved, according to Mercer Canada’s Gordon Frost. “We are focusing more on, in addition to pay and benefits, things like achievement, camaraderie, do we have equity in our pay?” said Frost, partner and career business leader, during a Mercer event […]

  • By: Ryan Murphy
  • September 6, 2018 September 13, 2019
  • 09:00
Majority of Canadians would take advantage of virtual doctor visits: survey

More than two-thirds (69 per cent) of Canadians would use virtual visits for at least a few of their appointments with physicians, according to a new survey by the Canadian Medical Association. The survey, which queried more than 2,000 people, shed some light on technology and health care, as well as the generation gap between older […]

  • By: Staff
  • August 14, 2018 September 13, 2019
  • 15:30
Lack of benefits biggest challenge of gig economy: survey

A lack of benefits, including medical, dental and disability, is the biggest challenge of working in the gig economy, according to a new survey by BMO Wealth Management. Among 1,000 Canadian small business owners surveyed, 69 per cent said a lack of medical, dental or disability benefits is the largest financial downside to working in the gig economy. Broken down by age group, 87 […]

  • By: Staff
  • July 30, 2018 September 13, 2019
  • 10:04
HR decision-makers concerned with attraction, retention of younger workers: survey

Almost 50 per cent of human resources decision-makers are concerned with their organization’s ability to attract and retain millennial and generation Z employees, according to a new survey by Allegis Group Inc. The survey, which polled more than 1,000 senior human resources professionals, also found 62 per cent of respondents said they feel their organization’s issues with […]

  • By: Staff
  • June 29, 2018 September 13, 2019
  • 09:02