Young Canadians are redefining how they think about retirement, with many expecting to work longer and prioritizing flexibility and work-life balance in their careers, according to new survey from the Co-operators Group Ltd. It found two-thirds (65 per cent) of Canadians younger than age 35 believe retirement will look different for their generation compared to […]
Employers can improve women’s financial security by recognizing gender differences and improving pension contribution and benefits structures, says Kadie Philp, commissioner and chief administrative officer at the Ontario Pay Equity Commission. To close the gender pension gap, employers need to recognize how different work-life patterns can be for men and women, in addition to making […]
Canadian gig workers now earn more than a third (38 per cent) of their income from gig work, up from 15 per cent last year, according to a new survey by Securian Canada. The survey, which polled more than 2,000 gig workers in Canada, found 18 per cent reported relying on gig work for their […]
Nearly three-quarters (74 per cent) of Canadian employers have reduced the size of their office footprint by embracing hybrid work and allowing employees to work in office and co-working spaces closer to where they live, according to a new survey by International Workplace Group PLC. The survey, which polled more than 250 Canadian employers, found […]
While 55 per cent of Canadian workers say their ability to save money remained unchanged during the summer months, 32 per cent indicated they saved less than anticipated over that period, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found more than half (56 per cent) […]
Nearly all (95 per cent) Canadian employees recognize their financial situation significantly impacts their personal well-being and 92 per cent of human resources leaders agree, according to a new report by Dialogue Health Technologies Inc. The survey, which polled more than 1,600 working Canadians, across all age groups and provinces, found more than a quarter […]
A fifth (20 per cent) of U.S. employees say contributing to their savings account has been their biggest financial worry in the last 12 months, according to a new survey by career website Zety.com. The survey, which polled 1,000 workers, found respondents have also been struggling with maintaining the same standard of living as they had […]
With more than 40,000 employees across the country, Amazon Canada is a microcosm of the wider national workforce. Comprising five generations, the online retailer’s workers represent a wide spectrum of savings goals and related challenges. And to support these goals, it has developed a diverse array of options to meet staff at every stage of […]
An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How Ontario pay transparency legislation will impact employers 2. Expert panel: How interest rates impact DB pension plans 3. How employers can shift younger workers’ ‘soft saving’ […]
Discouraged with the state of the current economy, more and more younger workers are abandoning saving for retirement and focusing on ‘soft saving.’ Soft saving is when employees, many of whom started their careers later than previous generations, decide to take a more laid-back approach to saving for the future, rather than adopt the FIRE concept — […]