Between 2000 and 2022, the average retirement age among Canadians climbed from 61.6 to 64.6, the highest it’s been since 1982, according to data from Statistics Canada. The agency’s June 2023 labour force survey found 22 per cent of Canadians aged 55 to 59 were either partially or completely retired. The same was true of […]
An article on how employers can support employees with attention deficit hyperactivity disorder 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 employers can help employees with ADHD be engaged, productive 2. FSRA’s proposed rule could increase fairness in division of pension benefits during marriage […]
Nearly all (92 per cent) Canadian employers say they plan to award a year-end bonus to their teams, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 900 employers, found nearly half (45 per cent) said they’re awarding a larger bonus than last year, while two-fifths (39 per […]
The organization’s vice-president of talent acquisition and total rewards discusses promoting careers to equity-deserving communities, a new menopause policy and the stability of joining a defined benefit pension plan. Q: What top challenges do you face in your role? A: One of the organization’s commitments to creating an equitable, diverse and inclusive culture is to […]
U.S. public sector defined benefit pension plans that have switched to a defined contribution model have experienced negative cash flows and increased costs and employee turnover, according to a new report by the National Institute on Retirement Security. The report analyzed five public sector pension plans including those in Alaska, Michigan and West Virginia. It […]
Meridian Credit Union Ltd. is continuing to support employee financial wellness by raising its guaranteed hourly wage to $23.74. In 2022, the financial company became the largest employer to be certified by the Ontario Living Wage Network and is adjusting its compensation to reflect new guidelines that were updated last month. Current economic conditions and […]
Canadian employees who are experiencing conflict in the workplace lose an average of 55 workdays in productivity each year, according to Telus Health’s latest mental-health index. The survey, which polled more than 3,000 employees, found workers who have been diagnosed with anxiety (21 per cent) and depression (14 per cent) reported a loss of 55 […]
Justin Ryan Horton has two jobs. When he’s not working 24-hour shifts as a firefighter, he’s working as an administrative assistant for a local community college from his home in Colorado Springs, Colo. Firefighting isn’t a work-from-home kind of job, so when the community college position gave him the choice to clock in remotely, he […]
Nearly all Canadian employers that have implemented a four-day workweek report increased employee happiness (96 per cent) and say they’d continue with this schedule indefinitely (93 per cent), according to a new report by York University. The report, which analyzed responses from around 30 Canadian companies across the public and private sectors that have moved […]
Ahead of Giving Tuesday, nearly two-thirds (61 per cent) of U.S. employers say they’ve seen an increase in employee volunteer activities this year, according to a new survey by the Association of Corporate Citizenship Professionals. However, despite this increase, the survey also found corporate social responsibility professionals have struggled to get participation levels back to a pre-pandemic […]