The top three factors driving employee retention are benefits (34 per cent), a strong sense of culture (31 per cent) and belief in the senior leadership team (29 per cent), according to a new survey by the Predictive Index. The survey, which polled more than 300 U.S. executives, found career mobility (21 per cent), salary (17 […]
St. Stanislaus – St. Casimir’s Polish Parishes Credit Union Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. “Joining DBplus reduced the financial risks, operational costs and administrative challenges of managing a pension plan,” said Tomasz Falfus, human resources manager for the credit union, in a press […]
As the world prepares to enter year three of the coronavirus pandemic, more than a third (39 per cent) of Canadians say they’re worse off now than they were last year, according to a new survey by the Angus Reid Institute. The survey, which polled more than 5,000 Canadian adults, found their outlook for the […]
The strong performance of domestic equites in the last months of 2021 helped Canadian defined benefit pension plans secure median annual returns of 8.9 per cent, according to a new report by RBC Investor and Treasury Services. During the year, Canadian DB plans performed best during the second and fourth quarters, with median asset growth […]
A survey demonstrating the strong appetite by Canadian employees for an employer-sponsored retirement plan took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. 84% of employees consider retirement plan a critical benefit: survey 2. Bell Let’s Talk Day: Employers supporting staff amid pandemic stresses 3. Survey finds 29% […]
While 86 per cent of U.S. employers said mental health, stress and burnout are top priorities, only 25 per cent have already articulated and adopted a well-being strategy, according to a new survey by WTW. The survey, which polled 322 employers, found while 42 per cent redesigned their employee assistance program in 2021, 39 per […]
The median Canadian defined benefit pension plan generated returns of 3.8 per cent in the final quarter of 2021, according to a new report by Northern Trust Corp. The strong performance was driven by a rebound in equity markets during a quarter marred by escalating energy prices and uncertainty about central bank policies. Over the year, […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium acquiring an Australian infrastructure investment fund. The consortium, which also includes KKR, paid A$5.2 billion ($4.6 billion) to acquire all outstanding equities in Spark Infrastructure. The deal has been approved by Australian regulatory authorities. Spark’s assets provide electricity […]
Slightly more than a third (38%) of working Canadians said having the option of full flexibility — regarding days, hours and location — for everyone would be the best working model for their team, according to LifeWorks Inc.’s latest mental-health index. Meanwhile, 17 per cent said they prefer all employees are together at the worksite and […]
Scotiabank is implementing a new global standard for parental leave across its global footprint by 2025. The enhanced offering will include eight fully paid weeks for all parents welcoming a new child, such as adoptive parents, and eight additional fully paid weeks for parents who’ve given birth. The enhancements to the parental leave policy, which […]