Millennials – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Expert panel: Six ways to incorporate green initiatives into benefits offerings https://uat-cumulus.benefitscanada.com/expertpanel_/kim-siddall/expert-panel-six-ways-to-incorporate-green-into-benefits-offerings/ Tue, 02 Nov 2021 13:00:39 +0000 https://www.benefitscanada.com/?p=110605 The Council of Parties to the United Nations’ climate convention, known as COP26, which is currently underway in Glasgow has put climate change on the global stage and top of mind for many employers and employees. There are many elements an employer can take into consideration when crafting a benefits strategy — competitiveness in the […]

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]]> 87% of U.S. millennial employees more interested in benefits in 2021: survey https://uat-cumulus.benefitscanada.com/news/bencan/87-of-u-s-millennial-employees-more-interested-in-benefits-in-2021-survey/ Wed, 13 Oct 2021 19:00:00 +0000 https://www.benefitscanada.com/?p=109393 The majority (87 per cent) of U.S. millennial employees are more interested in certain benefits this year, with life insurance (39 per cent) topping the list, followed by financial planning tools (34 per cent), dental insurance (31 per cent) and legal plans (29 per cent), according to a new survey by Rainmakers CSI for MetLife […]

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]]> Employers raising wages, offering bonuses amid labour shortages: surveys https://uat-cumulus.benefitscanada.com/human-resources/hr-other/employers-raising-wages-offering-bonuses-amid-labour-shortages-surveys/ Wed, 29 Sep 2021 19:00:45 +0000 https://www.benefitscanada.com/?p=108680 Canadian employers are using bonuses to attract and retain employees in a difficult labour market, according to a new survey by Mercer. Half (50 per cent) of respondents said they’re providing sign-on bonuses for select new non-executive hires. And while 55 per cent aren’t offering retention bonuses, 35 per cent said they’re being provided for […]

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]]> Pandemic changing ‘must have’ perks for U.S. millennial managers: survey https://uat-cumulus.benefitscanada.com/benefits/health-wellness/pandemic-changing-must-have-perks-for-millennial-managers-in-u-s-survey/ Fri, 24 Sep 2021 19:00:36 +0000 https://www.benefitscanada.com/?p=108425 The coronavirus pandemic is changing what perks millennial managers consider “must haves,” according to a new survey by MetLife Inc. It found millennial managers (ages 26 to 40) are significantly more likely to describe pet insurance (up 58 per cent), legal services (up 50 per cent) and financial planning tools (up 40 per cent) as “must […]

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]]> Income inequality reducing retirement security in U.S.: report https://uat-cumulus.benefitscanada.com/pensions/retirement/income-inequality-reducing-retirement-security-in-u-s-report/ Wed, 08 Sep 2021 13:00:11 +0000 https://www.benefitscanada.com/?p=106900 Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings accounts, according to a new report by the U.S. National Institute On Retirement Security. It found in 2019, white households across three generations — baby boomers, generation X and millennials […]

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]]> Gen X, millennials more worried about retirement than older generations: report https://uat-cumulus.benefitscanada.com/pensions/retirement/gen-x-millennials-more-worried-about-retirement-than-older-generations-report/ Tue, 20 Jul 2021 19:00:43 +0000 https://www.benefitscanada.com/?p=104201 Millennials and generation X are more worried about retirement than older generations in the wake of the coronavirus pandemic, according to a new survey of U.S. workers by the National Institute on Retirement Security. Some 64 per cent of millennials (ages 25 to 43) and 54 per cent of gen-Xers (ages 44 to 55) are […]

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]]> Age shaping Canadians’ opinions of remote working: survey https://uat-cumulus.benefitscanada.com/news/bencan/age-shaping-canadians-opinions-of-remote-working-survey/ Wed, 09 Jun 2021 19:00:31 +0000 https://www.benefitscanada.com/?p=101842 Canadian employees’ remote working experiences vary across different generations, according to a new survey by Angus Reid on behalf of ADP Inc. It found while 44 per cent of respondents said they work longer compared to pre-coronavirus pandemic times, 48 per cent of millennials and just 31 per cent of generation Z are clocking extra […]

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]]> Canadians becoming more optimistic about finances, retirement savings: survey https://uat-cumulus.benefitscanada.com/pensions/retirement/canadians-becoming-more-optimistic-about-finances-retirement-savings-survey/ Wed, 19 May 2021 19:00:10 +0000 https://www.benefitscanada.com/?p=100799 Canadians are becoming more confident about their financial situations and are setting more personal financial goals, according to a new survey by BMO Financial Group. It found 37 per cent of survey respondents said they believe their finances have improved recently, with Montreal residents the most likely to express financial optimism (42 per cent), ahead […]

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]]> Language, communication shaping DC plan members’ retirement decisions: survey https://uat-cumulus.benefitscanada.com/pensions/cap/language-communication-shaping-dc-plan-members-retirement-decisions-survey/ Fri, 14 May 2021 13:10:31 +0000 https://www.benefitscanada.com/?p=100505 Language and communication can impact the retirement decisions of defined contribution plan members, according to a new survey by Invesco Ltd. The survey found 60 per cent of all respondents — as well as 50 per cent of millennials and 59 per cent of gen-Xers — would rather achieve retirement “income” than retirement “savings.” Nearly […]

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]]> Six employees discuss their personal roads to retirement https://uat-cumulus.benefitscanada.com/news/bencan/six-employees-talk-about-their-personal-roads-to-retirement/ Fri, 19 Mar 2021 04:57:15 +0000 https://www.benefitscanada.com/?p=96496 While 65 has long been considered the traditional retirement age, younger employees face the possibility of working longer. Plan sponsors can learn much from the unique financial journeys taken by different generations toward their eventual golden years. A 2019 Scotiabank investment poll revealed that 68 per cent of Canadians are currently saving for retirement, but […]

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