Niagara Casinos took home the mental-health award at Benefits Canada‘s 2019 Workplace Benefits Awards in Toronto on Oct. 17 for its thorough and comprehensive approach to supporting its employees’ mental health. Its strategy, which is focused on awareness and prevention, aims to create and support a mentally healthy workplace, remove the stigma and provide resources […]
Imagine a scenario where an employee can’t afford to opt into their company’s defined contribution pension plan because of debt. Regardless of whether it’s a mortgage, student loan or credit card debt, the employee has more urgent short-term priorities, so saving for retirement is being pushed to the back-burner. How can employers ensure they’re talking […]
Most (80 per cent) Canadians said they’d rather have an improved pension, or any pension, than a higher salary, according to new research by the Healthcare of Ontario Pension Plan. The survey of 2,500 Canadians found more (75 per cent) respondents are worried about being able to save enough for retirement than are primarily concerned over […]
Rise People Inc. is partnering with Planswell Inc. to expand on its employee health and wellness offerings. Planswell offers employees the ability to create free online financial plans and receive personalized advice from financial planning professionals to help them grow their wealth and reduce debt. Read: Financial wellness programs must go beyond education: survey “As […]
While 80 per cent of employees said they want some type of financial education in the workplace, just 58 per cent of employers said they offer it and 25 per cent said they plan to offer it in the next two years, according to a new survey by Eckler Ltd. More than half (54 per […]
Financial stress is preventing employees, employers and the economy from reaching full potential, according to a survey by the Canadian Payroll Association. The survey found 43 per cent of workers are so financially stressed their performance at work is suffering. It noted the costs of increased absenteeism, turnover and benefits claims, as well as decreased job satisfaction and […]
As Canadians face increasingly competing financial priorities while juggling busy lives at work and home, the overlap between financial worry, stress and employee health is becoming more intense. In 2018, a study published in the U.S.-based Journal of Social Service Research found employees without paid sick leave are more prone to feel stressed about their […]
Buck is launching a three-part digital human resources product that aims to help employers create a consolidated experience for their plan members, drive behavioural change and raise employee satisfaction while creating a healthier employee population and increased productivity. “A more personalized employee experience combined with advanced analytics and decisioning tools are critical to the success […]
Three-quarters (74 per cent) of employees said financial benefits, such as savings tools, offered by their employer at the time of a pay raise would lead to less stress, while 78 per cent said it would help them feel more confident about their finances, according to a new survey by Commonwealth. The survey, which polled […]
A disconnect exists between defined contribution plan sponsors’ intentions and actions when it comes to helping employees with financial wellness, according to a new survey by J.P. Morgan Asset Management. Among more than 800 U.S. DC plan sponsors, 74 per cent said they have a very or somewhat high commitment to employees’ fiscal health, although […]