U.S. employers saw a 41 per cent spike in voluntary employee departures in 2022, according to a new survey by Aon. The survey, which polled 2,000 employers in the U.S., found nearly a quarter (22 per cent) of employees left their jobs last year, 17 per cent of which were voluntary departures. In 2020, a […]
More than two-fifths (44 per cent) of employers believe remote working has led women to exit the workforce due to the potential for longer workdays, according to a new survey by Mercer Canada. The global survey found more than half (52 per cent) of male respondents said they’ve experienced shorter workdays while working remotely, but […]
The Saskatchewan Pension Plan is allocating parts of its balanced fund to Ninepoint Partners and Fengate Asset Management in a bid to further diversify its portfolio. Ninepoint has received a private debt allocation of 10 per cent of the SPP’s balanced fund and Fengate will take on a 10 per cent infrastructure allocation, according to a press […]
Roughly a third of U.S. employees believe their employer lacks a sufficient commitment to diversity, equity and inclusion, according to a new survey by Buck Global. The survey, which polled nearly 700 employees and more than 200 employers, found 32 per cent of employees said their company lacks diverse benefits for diverse populations, a percentage […]
Sun Life Financial Inc. has completed its previously announced acquisition of U.S.-based dental benefits provider DentaQuest. DentaQuest is now part of Sun Life’s U.S. business, which offers dental benefits through employers for their benefits plans and has an extensive national commercial dental network. The completion of the acquisition is expected to bring Sun Life U.S.’s total […]
The Ontario Teacher’s Pension Plan is financing a European online brokerage platform. The pension fund was the lead in a financing round for Trade Republic Bank, a technology company operating a digital investment marketplace. According to Trade Republic, the €250 million raised during the round will be used to develop the platform’s product offerings designed […]
While there’s broad interest in environmental, social and governance factors, the majority of U.S. defined contribution pension plan consultants said their plan sponsor clients are looking for further clarity on the Department of Labor’s proposed guidelines before incorporating ESG into their investment options, according to a new survey by the Schaus Group and T. Rowe […]
Two-fifths (42 per cent) of Canadian parents postponed returning to work in 2022 due to difficulties finding childcare, according to a new survey by Statistics Canada. The survey, which polled the parents of more than 11,500 children, found roughly four in 10 parents using childcare in early 2022 reported difficulty finding care. Among respondents who looked for childcare […]
An article on how Scotiabank is supporting employee financial well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Scotiabank supporting employee financial well-being with pension info sessions 2. Expert panel: The future of work is flexible, prioritizes employee mental health 3. Canadian pension funds calling […]
Apple Inc. is upping its compensation package and giving its U.S. retail employees a pay increase of 10 per cent or more in a bid to help them combat inflation and stave off a push to unionize across many of its stores. Retail staff will see their wages rise to at least US$22 per hour, up […]