Home Voluntary benefits

Keyword: Voluntary benefits

23 results found
Copyright_rmarmion_123RF

The modern economy is highly uncertain, with inflation and rising interest rates cutting into bottom lines everywhere. Employers are nervous as the cost of capital and the cost of their inputs seems to rise every day. But employees are nervous, too. And since no one knows when inflation will end, it’s difficult for anyone to […]

Copyright_Kwanchai Lerttanapunyaporn_123RF

In the first quarter of 2022, new annual premiums for supplemental health insurance products totalled $1.1 billion in the U.S., a six per cent increase from the same period last year, according to LIMRA’s latest workplace benefits sales surveys. Most workplace supplemental health insurance product lines ― accident, critical illness, cancer and hospital indemnity insurance ― […]

  • By: Staff
  • July 15, 2022 July 14, 2022
  • 09:00

The percentage of U.S. employers offering new or additional voluntary benefits increased by 41 per cent during the 2022 enrolment period, according to a new survey by Aon. The survey attributed this growth to employers’ talent retention and attraction strategies, as well as employee demand for supplemental health insurance products during the coronavirus pandemic. The […]

  • By: Staff
  • May 2, 2022 April 29, 2022
  • 15:00
Copyright_dmitrydemidovich_123RF

A ruling by the Supreme Court of British Columbia on the B.C. Credit Union Employers’ Pension Plan’s normal retirement date was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C. court upholds pension plan’s decision to increase retirement age 2. Ontario NDP platform includes dental […]

  • By: Staff
  • April 29, 2022 April 28, 2022
  • 09:00
Copyright_lightfieldstudios_123RF

A Toronto-based software company is offering a virtual veterinarian service through its benefits program. Nicola Watson, human resources manager at Tribalscale Inc., says pet-owning employees can use the service, operated by Vetster Inc., to schedule up to four virtual vet visits per year. She notes the offering is in line with TribalScale’s decision to shift […]

Copyright_fizkes_123RF

While 68 per cent of employers said they’ve enhanced their well-being value proposition as a result of the coronavirus pandemic, only 51 per cent of employees believe their employer is focused on supporting their total well-being, according to a new survey by Buck. The survey, which polled nearly 700 U.S. employees and more than 200 […]

  • By: Staff
  • February 22, 2022 February 18, 2022
  • 09:00
Copyright_scusi_123RF

While 70 per cent of benefits-eligible U.S. workers said they’re more likely to work for an employer that offers employee-paid voluntary benefits, just 49 per cent said they’ve taken advantage of these offerings, according to a new survey by Voya Financial Inc. The survey, which polled around 1,000 respondents, found 31 per cent don’t fully […]

  • By: Staff
  • February 16, 2022 February 16, 2022
  • 09:00
An employer’s guide to curating a suite of voluntary benefits

In an art gallery, people often recognize and appreciate the arrangement of the pieces as much as the works of art themselves. When employers offer voluntary benefits, they’re hoping that employees appreciate the offering. Above and beyond that, if plan members recognize the program as a customized suite of benefits that supports their unique needs, even better. Another conclusion […]

Q&A with ABC Technologies’ Cindy Xing

ABC Technologies Inc.’s director of total rewards talks wellness, new retirement savings plans and gardening. Q. What top challenges do you face in your role? A. The top challenge is a combination of many factors linked to the unprecedented times we’re experiencing. Like many organizations, the pandemic hit us hard. We’ve had to reduce our […]

Voluntary benefits are the ‘choose your own adventure’ of the insurance world. For readers who remember and enjoyed those novels, they felt empowered by their inclusion in how the story played out. The same principle applies when selecting personal benefits. Voluntary benefits allow an individual employee to secure additional coverage or preferred pricing outside of any […]