Retention – Benefits Canada.com

Small businesses increasing wages, benefits to attract talent: survey

bwolfe — Tue, 16 Nov 2021 14:00:45 +0000

Almost half (46 per cent) of small businesses that are currently experiencing hiring difficulties have increased wages, while 27 per cent have increased benefits and 19 per cent have introduced a shorter work week, according to a new survey by Maru Public Opinion for ADP Canada Co. It found while 79 per cent of small […]

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Employers focusing on employee-oriented interventions to reach climate goals: survey

lbailey — Wed, 10 Nov 2021 13:00:51 +0000

More than four in 10 (43 per cent) employers have implemented, started to implement or are considering climate metrics for their executive incentive plans, while another 27 per cent may consider these in the future, according to a new survey by Willis Towers Watson. The survey, which polled more than 90 North American companies, found nearly half […]

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RBC focusing on mental health as hybrid work model rolls out

bwolfe — Mon, 08 Nov 2021 13:00:21 +0000

The Royal Bank of Canada is focusing on mental health to engage and retain employees as the bank shifts to a hybrid work model. While the bank already began upgrading its mental-health benefits in 2018, the coronavirus pandemic highlighted the need to continue supporting employee mental health, says Andrejka Massicotte, senior director of benefits and wellness […]

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Award finalists discuss mental health, enhanced communications amid pandemic

bwolfe — Mon, 01 Nov 2021 13:00:09 +0000

More than 19 months into the coronavirus pandemic, employers are focusing on enhanced mental-health offerings and streamlined communications for their benefits and pension plans. During a virtual roundtable on Oct. 14, the 2021 Workplace Benefits Awards finalists discussed the changes brought about by the pandemic and how they’ve adapted their benefits and pensions offerings, while looking […]

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Plan sponsors, members have differing views of health benefits plans, finds survey

bwolfe — Fri, 29 Oct 2021 13:00:29 +0000

Three-quarters (74 per cent) of plan sponsors described the quality of their health benefits plan as excellent (22 per cent) or good (52 per cent), down from 80 per cent in January 2020, according to the 2021 Benefits Canada Healthcare Survey. It found employers with more than 500 employees were more likely to describe their plan […]

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Mental health spiralling as 35% of employees consider leaving job: survey

lbailey — Thu, 28 Oct 2021 13:00:09 +0000

More than a third (35 per cent) of employees said they’re considering leaving their job or are unsure about whether to stay with their company, according to the latest monthly mental-health index by LifeWorks Inc. Additionally, the mental-health scores of these groups (negative 21.9 and negative 16.7, respectively) were more than three-times worse than for […]

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Toronto seafood market engaging employees with profit-sharing plan, health benefits

bwolfe — Mon, 18 Oct 2021 13:00:35 +0000

A Toronto-based seafood market is using its benefits and compensation offerings to engage employees in an industry hit particularly hard by the coronavirus pandemic. David Owen, owner of De La Mer, recently introduced a profit-sharing plan and health benefits for employees of his four stores. While the pandemic delayed the launch of these programs by […]

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How Rolls Royce Canada is reducing drug plan costs while maintaining benefits offering

bwolfe — Fri, 15 Oct 2021 12:58:34 +0000

As innovative medicines become more widely covered in workplace drug plans, employers are tasked with finding new ways to control costs while ensuring members receive the best value. “Obviously, this is good because such offers provide more treatments for employees and their families that can help get them back to the workplace sooner rather than […]

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Canadians’ financial well-being up slightly, focus on retirement growing: survey

bwolfe — Tue, 05 Oct 2021 13:00:12 +0000

Canadians reported slightly higher levels of financial well-being in the summer of 2021, with many focusing on saving for retirement, according to a new survey by LifeWorks Inc. The survey, conducted among 3,000 respondents, found a financial well-being index score of negative 1.6 compared to the pre-coronavirus pandemic benchmark, up slightly from negative 2.8 in […]

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Employers raising wages, offering bonuses amid labour shortages: surveys

bwolfe — Wed, 29 Sep 2021 19:00:45 +0000

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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