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Report finds employees less likely to say employer making positive changes to support mental health in 2023

While employees’ overall view of their employer’s workplace mental-health efforts are on the rise, workers were 49 per cent less likely to say their employer made significant positive changes to support mental health in 2023 compared to 2022, according to a new report by LifeSpeak Inc. and Lighthouse Research & Advisory. The report, which consisted […]

  • September 29, 2023 September 27, 2023
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the new agreement between Ford of Canada and Unifor was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ford, Unifor agreement includes significant DC pension improvements, transition to DB plan 2. Alberta deserves more than half CPP assets if it exits program: report […]

  • September 29, 2023 September 28, 2023
  • 09:00

Survey finds majority of plan members with a workplace wellness culture satisfied with their jobs

Plan members with a workplace wellness culture are much more likely (89 per cent) to be satisfied with their jobs compared to those without one (59 per cent), according to the 2023 Benefits Canada Healthcare Survey. It found plan members with a workplace wellness culture were also more satisfied with their health benefits plan (81 per cent […]

  • September 28, 2023 September 28, 2023
  • 09:00

Canadian employers projecting smaller compensation increases in 2024: survey

Canadian employers are projecting, on average, 3.3 per cent for merit increase budgets and 3.7 per cent for total increase budgets in 2024, compared to 3.6 per cent and 4.1 per cent, respectively, in 2023, according to a new survey by Mercer Canada. “In the face of economic uncertainty and reduced labour market pressure, employer […]

  • September 27, 2023 September 27, 2023
  • 15:00

73% of plan members agree their work environment supports mental wellness: survey

Three-quarters (73 per cent) of benefits plan members agree — 22 per cent strongly — their workplace environment supports mental wellness, according to the 2023 Benefits Canada Healthcare Survey. It found this percentage increased to 86 per cent among plan members who also reported a workplace wellness culture, compared to just 30 per cent for those without […]

  • September 27, 2023 September 26, 2023
  • 09:00

Caisse investing in artificial intelligence, OMERS backing property services firm

The Caisse de dépôt et placement du Québec is investing in Vooban, a Quebec-based supplier of applied artificial intelligence services. The investment will aid Vooban’s growth through expansion plans in Ontario and the U.S, according to a press release, which noted the company currently has 135 employees, but is planning to expand by 30 per cent. The […]

  • September 26, 2023 September 25, 2023
  • 10:30

Fewer U.S. employees say employer provides well-being resources: survey

Just four in 10 (43 per cent) U.S. employees say their company supports them with resources to better manage and improve their well-being, down from 53 per cent in 2022, according to a new survey by human resources consultancy Alight Solutions. The survey, which polled more than 2,000 employees, found fewer than half rated their mental/emotional […]

  • September 26, 2023 September 25, 2023
  • 09:00

Ford, Unifor agreement includes significant DC pension improvements, transition to DB plan

More than 5,600 Ford of Canada workers have voted in favour of ratifying a three-year collective agreement that includes improvements to the defined contribution and defined benefit pension plans. The agreement “fundamentally transforms pension plans,” said Lana Payne, Unifor national president, in a press release. Under the agreement, the DB plan’s basic monthly benefit rate […]

  • September 25, 2023 September 25, 2023
  • 09:00

Men more likely than women to report reduced stress due to financial wellness programs: survey

More than a quarter (28 per cent) of male employees in the U.S. report a reduction in their stress levels due to their employer’s financial wellness programs, compared to 18 per cent of women, according to a new survey by HerMoney Media Inc. and Principal Financial Services, Inc. The survey, which polled 900 U.S. employees […]

  • September 25, 2023 September 22, 2023
  • 09:00

Survey finds 60% of plan sponsors reporting increased health benefits costs

Three-fifths (60 per cent) of benefits plan sponsors say the costs of their health benefits plan increased in the past three years, according to the 2023 Benefits Canada Healthcare Survey. It found this percentage decreased from 66 per cent when the question was last asked in 2016 and was unchanged from 2015 (60 per cent). […]

  • September 25, 2023 September 22, 2023
  • 09:00