Canadian employers are investing in innovative financial, physical and mental-health benefits to drive their attraction and retention efforts, according to a new survey by Mercer. The survey, which polled more than 300 employers, found 59 per cent said they’ve invested in employee discount programs, followed by budgeting and other financial wellness education and support (51 […]
Schneider Electric’s senior compensation and benefits leader talks about adapting benefits to flex work, artificial intelligence and time spent gardening. Q: What top challenges do you face in your role? A: Labour market trends over the last two years have had a pronounced impact on expectations around rewards, leading to a greater emphasis on staying […]
The majority of U.S. employers say recruiting talent (67 per cent) and retaining talent (64 per cent) are their top priorities, according to a new survey by CBIZ Inc. The survey, which polled more than 850 U.S. employers, found the next most important priority was controlling employee medical costs (49 per cent), with these cost-containment […]
Vancouver City Savings Credit Union is supporting employee well-being by increasing its coverage for mental-health benefits from $1,500 to $10,000, per employee and per dependant. The enhanced benefit, effective July 1, provides coverage for mental-health providers such as counsellors — including group counselling sessions — and psychologists. Vancity’s current mental-health offerings include a telemedicine portal […]
Nearly two-thirds (64 per cent) of U.S. employers are planning to increase their spend on employee wellness programs, according to a new survey by Wellable. The survey, which polled roughly 200 health insurance brokers and wellness consultants, found respondents expect employers to prioritize benefits related to mental health (91 per cent), stress management and resilience […]
Canada has done a good job at reducing the stigma around discussing and seeking help for mental-health challenges, but two-thirds of Canadians who are struggling still don’t seek help. That’s a likely symptom of the country’s “fractured and fragmented” health-care system, said Joe Blomeley, executive vice-president and head of health services and enterprise growth at […]
In Canada, the year-over-year cost increase for claims under a medical plan on a per-person basis is projected to reach seven per cent in 2023, according to a new report by Mercer. The report, which analyzed responses from more than 200 insurers across 56 countries, found the global year-over-year cost is expected to increase to […]
Walmart Canada is increasing its mental-health benefits coverage for employees and expanding access to virtual health care. Effective Feb. 1, 2023, the company will provide $3,500 in annual mental-health coverage per employee, up from $1,000. “We wanted to make a statement with our [employees] in terms of support for their mental health and $1,000 just […]
LifeLabs Inc.’s holistic well-being strategy led to its win in the Coronavirus and benefits category for an employer with more than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. In 2021, the organization recognized employees are likely to experience the coronavirus pandemic’s lasting impacts for months and years to come and turned its focus […]
Nearly two-thirds (63 per cent) of employees say their current benefits package makes them at least somewhat more likely to remain with their employer, according to a new survey by LIMRA. It found 61 per cent of employees who receive more than six benefits reported being satisfied with their benefits package, whereas only a third […]