Canadian online estate planning company Willful is expanding its bereavement policy to provide more employee support and flexibility. Employees are allowed up to 15 consecutive business days of paid leave to mourn a family member, 10 days for a close friend and three days for a pet. Through the nature of their work, Willful’s employees are very familiar […]
More than a quarter (28 per cent) of employees say they’re planning to leave their current employer within a year, according to a new survey by the Boston Consulting Group. The survey, which polled 11,000 workers across the globe, found nearly two-thirds (63 per cent) cited pay/compensation as their No. 1 reason for seeking a new […]
Any employer focused on attracting and retaining great people understands the importance of providing a competitive benefits program that supports employees through all stages of their health and well-being. The Healthcare of Ontario Pension Plan’s annual Canadian employer pension survey found a growing number of businesses are opting to improve benefits as a means to […]
Half (49 per cent) of C-suite leaders at Fortune 500 companies are women (40 per cent) and people from historically under-represented ethnic and racial backgrounds (16 per cent), including nine in 10 (89 per cent) chief inclusion and diversity officers and a fifth (19 per cent) of chief operating officers, according to a new survey […]
The assets of Canada’s top 10 capital accumulation plan providers increased by 12.9 per cent over the previous year, from roughly $250,366 million at June 30, 2022 to $282,772 million at June 30, 2023, according to the latest report by the Canadian Institutional Investment Network. The CIIN, which is a companion site to Benefits Canada […]
A story about why employers might want to reconsider urging employees to use up their benefits was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week. 1. Expert warns against urging employees to use up benefits by end of year 2. Worker demand […]
A majority (89 per cent) of organizations are experiencing difficulty finding skilled professionals, according to a survey by Robert Half Canada. The survey, which polled more than 1,000 employers, found more than half (54 per cent) said they plan to add new permanent positions in the first six months of the year, while another 40 […]
A story on whether the federal government should follow the U.K.’s lead and enshrine flexible working into law was the most-read human resources story on BenefitsCanada.com this year. Here are the 10 most popular HR news stories of 2023: 1. Should Canada implement flexible working legislation for all workplaces? 2. How recent Canada Labour Code updates are impacting federally […]
A story on how plan sponsors and insurers are considering covering weight-loss drugs as part of a broader push towards more inclusive benefits was the most-read benefits story on BenefitsCanada.com this year. Here are the 10 most popular benefits news stories of the year: 1. How plan sponsors, insurers are considering coverage of weight-loss drugs amid rising […]
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 […]