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 […]
The pandemic changed our world and our jobs overnight and stretched compassion, empathy and flexibility to the limit. There has never been a better time to reconsider everything about employee benefits. For me as a benefits consultant, the crisis has highlighted how unprepared the typical benefits plan is to truly support the needs of employees in […]
The majority (90 per cent) of Canadian employers now offer at least one non-insurance benefit such as paid time off, employee assistance programs or flexible working, according to a new survey by business research organization LIMRA Inc. The survey found paid time off was by far the most popular non-insurance benefit for employers of all sizes to offer, with […]
While nearly two-thirds (63 per cent) of Canadian plan sponsors believe their benefits plans meet current workforce diversity needs, 87 per cent noted employee expectations for benefits and the workplace have changed, according to a survey from Aon. Today’s employees expect more flexible working hours (84 per cent), support to achieve work-life balance (79 per […]
While 72 per cent of Canadian employers said they expect to differentiate their benefits programs for recruitment and retention in the next three years, just 12 per cent currently do so, according to a new survey by Willis Towers Watson. It found 60 per cent of employers now offer flexible benefits, and this is set […]
Aon has partnered with six Canadian insurance providers to offer traditional and flexible benefits through its Aon Choice platform. The new partnership includes Sun Life Financial Inc., Manulife Financial Corp., Great-West Life Assurance Co., Desjardins Insurance, SSQ Life Insurance Co. and Green Shield Canada. The companies comprise 82 per cent of the Canadian group benefits […]
With three or more generations in the workplace, traditional benefits may not be enough to satisfy employees’ needs.
Most Americans see the benefits a company offers—especially health insurance—as an important consideration when they accept or reject a job, but not all employees are satisfied with the benefits they get from their current company.
I recently presented at an employee benefits conference in the United States. As you would expect, much of the discussion was focused on Obamacare, however, there was a considerable amount of attention on worksite marketing and voluntary benefits.
As the United States prepares for healthcare reform, almost half of American employers anticipate that voluntary benefits and services will become a more crucial part of their rewards strategy in the coming years.