Mercer and Wealthsimple Inc. are teaming up to create a digital saving and investing platform for Canadian employees. Mercer Invest Wise, which is a voluntary savings tool, is intended to be included in a total rewards package. Accessible online and as a mobile app, it allows employees to manage various savings and investment accounts, such as their […]
In preparing for retirement, women have to contend with the salary gap, barriers to career continuity and more limited access to employer-sponsored pension plans, making them more stressed about their financial futures than men, according to a recent report by Invesco Canada Ltd. The report set out three key ways employers can engage on this issue. […]
Employers that provide financial wellness programs alongside traditional health and wellness offerings are likely to reap the benefits of a healthier workforce, according to new research by Prudential Financial Inc. The research surveyed 2,000 American employees who work at organizations that offer wellness benefits, such as gym memberships, fitness and diet advice and smoking cessation […]
Shaw Communications Inc.’s Kristina Humphreys talks financial well-being, plan flexibility and league hockey. Q. What top challenges do you face in your role? A. A big challenge is finding effective ways to communicate with our employees because it’s across many locations, demographics, different career points, etc. Also, retirement may feel very far away for a […]
More than two-thirds (70 per cent) of Canadian pre-retirees said they expect they’ll be working in retirement, according to Fidelity Investments Canada’s annual retirement survey. The survey, which polled nearly 2,000 Canadians aged 45 and older, also found 46 per cent said they expect to carry debt into their retirement. And a majority (87 per […]
Employee benefits offerings from the Great-West Life Assurance Co. are now available on PaymentEvolution, a health and dental plan quoting service for small- and medium-sized employers. Small businesses using PaymentEvolution’s payroll and payment system can access the real-time quoting service, which gives them an estimate for employee benefits from multiple Canadian insurers. Read: What stops […]
Money matters are top of mind among North American employees, according to new research by Ceridian HCM Holding Inc. The research found workers in Canada and the U.S. are challenged by financial matters, with 80 per cent of North American workers saying they’re stressed about pay and money issues on a regular basis. Read: Pay equity problem persists […]
Fewer than half of U.S. employees have a positive state of well-being, according to a new survey by Alight Solutions. The survey, which polled 2,301 people, also found Americans’ perceptions of their well-being status is dropping. “Personal perceptions of mental and emotional well-being have declined most — down six points,” noted the report. It found millennials rated the state […]
A third of employees don’t expect to ever reach full retirement, according to a new survey by Aon. The survey, which polled 1,000 Canadians at all stages of their careers, found more employees are postponing retirement due to financial concerns. The majority of participants said they don’t expect to fully retire all at once, with only 34 per cent […]
When the World Economic Forum met this year in Davos, Switzerland, it chose a very timely topic: the fourth industrial revolution that’s about to be wrought by automation. Like every revolution, it will have winners and losers. Artificial intelligence will massively increase productivity and create jobs that don’t even exist today. But at the same time, it will […]