Voluntary benefits – Benefits Canada.com

An employer’s guide to curating a suite of voluntary benefits

mschmit — Tue, 24 Nov 2020 04:45:45 +0000

In an art gallery, people often recognize and appreciate the arrangement of the pieces as much as the works of art themselves. When employers offer voluntary benefits, they’re hoping that employees appreciate the offering. Above and beyond that, if plan members recognize the program as a customized suite of benefits that supports their unique needs, even better. Another conclusion […]

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Q&A with ABC Technologies’ Cindy Xing

mschmit — Fri, 18 Sep 2020 04:50:29 +0000

ABC Technologies Inc.’s director of total rewards talks wellness, new retirement savings plans and gardening. Q. What top challenges do you face in your role? A. The top challenge is a combination of many factors linked to the unprecedented times we’re experiencing. Like many organizations, the pandemic hit us hard. We’ve had to reduce our […]

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Is it time for employers to take a look at voluntary benefits?

mschmit — Tue, 18 Aug 2020 04:45:30 +0000

Voluntary benefits are the ‘choose your own adventure’ of the insurance world. For readers who remember and enjoyed those novels, they felt empowered by their inclusion in how the story played out. The same principle applies when selecting personal benefits. Voluntary benefits allow an individual employee to secure additional coverage or preferred pricing outside of any […]

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Sounding Board: Ground is shifting, benefits plans must focus on individuals

mschmit — Fri, 17 Jul 2020 05:00:45 +0000

The pandemic changed our world and our jobs overnight and stretched compassion, empathy and flexibility to the limit. There has never been a better time to reconsider everything about employee benefits. For me as a benefits consultant, the crisis has highlighted how unprepared the typical benefits plan is to truly support the needs of employees in […]

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Majority of Canadian employers offering non-insurance benefits

mschmit — Wed, 26 Feb 2020 12:00:00 +0000

The majority (90 per cent) of Canadian employers now offer at least one non-insurance benefit such as paid time off, employee assistance programs or flexible working, according to a new survey by business research organization LIMRA Inc. The survey found paid time off was by far the most popular non-insurance benefit for employers of all sizes to offer, with […]

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Canadian plan sponsors say employee expectations for benefits are changing

mschmit — Wed, 27 Nov 2019 05:15:46 +0000

While nearly two-thirds (63 per cent) of Canadian plan sponsors believe their benefits plans meet current workforce diversity needs, 87 per cent noted employee expectations for benefits and the workplace have changed, according to a survey from Aon. Today’s employees expect more flexible working hours (84 per cent), support to achieve work-life balance (79 per […]

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Canadian employers embracing customization of benefits plans

mschmit — Fri, 22 Mar 2019 04:30:35 +0000

While 72 per cent of Canadian employers said they expect to differentiate their benefits programs for recruitment and retention in the next three years, just 12 per cent currently do so, according to a new survey by Willis Towers Watson. It found 60 per cent of employers now offer flexible benefits, and this is set […]

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Aon partners with six major Canadian insurers

mschmit — Wed, 28 Nov 2018 11:30:47 +0000

Aon has partnered with six Canadian insurance providers to offer traditional and flexible benefits through its Aon Choice platform. The new partnership includes Sun Life Financial Inc., Manulife Financial Corp., Great-West Life Assurance Co., Desjardins Insurance, SSQ Life Insurance Co. and Green Shield Canada. The companies comprise 82 per cent of the Canadian group benefits […]

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Are traditional benefits good enough?

mschmit — Thu, 01 Jan 2015 03:00:13 +0000

With three or more generations in the workplace, traditional benefits may not be enough to satisfy employees’ needs.

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Workers still see value in benefits

mschmit — Fri, 15 Nov 2013 11:25:45 +0000

Most Americans see the benefits a company offers—especially health insurance—as an important consideration when they accept or reject a job, but not all employees are satisfied with the benefits they get from their current company.

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