Faced with the challenge of balancing employee needs and wants with changing workplaces and escalating plan costs, employers should prepare for a number of issues in the near future.
Here are seven trends to watch in the coming year and beyond:
As 2017 draws to a close, we turn our attention to the new year. As usual, there’s a lot happening in the Canadian pension environment. Below are four pension trends to watch for in 2018.
In 2017, the human resources industry has done a lot of soul searching about the way culture and performance issues were handled within companies. In 2018, another big internal shift is coming, but this time the focus is on technology: how it can be used to find people, connect people, engage people, even replace people — and what to do when that happens.
Source: Benefits Canada | Author: Moira Potter | October 16, 2017 From the article: To combat the rise in chronic disease rates and the subsequent impact on the health-care system and benefits costs, there’s been a shift in thinking by employers, health professionals and benefits providers towards prevention rather than just treatment. Read full article […]
Sun Life Financial will be offering plan members on short- and long-term disability leave for depression or anxiety the chance to take part in a study on the impact of pharmacogenetic testing.
The insurer is participating in a study that examines the effectiveness of the technology in partnership with the Centre for Addiction and Mental Health and personalized medicine provider Assurex Health Inc.
Nearly a third (29 per cent) of employees would take a pay cut to work flexibly, while 22 per cent would take reduced vacation time and 19 per cent would give up employer-matched retirement contributions, according to a new survey by online service FlexJobs.
The survey, which polled more than 5,500 employees, also found 79 per cent of respondents believe the availability of flexible working options would increase their loyalty to their employer, while 73 per cent said remote working would help strengthen their relationships with their colleagues.
The irony of pensions and benefits is that employees tend to ignore them until they need them or until their employer changes them. And whether it’s good news or bad news, there are almost always trade-offs.
Changing pensions or benefits can be a tough sell to employees. When employers say “change,” employees often hear “change for the worse” and are likely to react defensively. So what can plan sponsors do to ease employees’ anxiety and help ensure the change goes smoothly?
Just 11 per cent of employees are completely satisfied with the coverage levels for all five of the major areas of their health benefits plan, according to the 2017 Sanofi Canada health-care survey.
Members are especially keen to boost their coverage for…
When employees are young and often working remotely, and when the wellness budget is non-existent, human resources managers have to be creative to ensure employees get a healthy balance at work.
The vehicle history company Carproof, for example, began its wellness program in 2012 with a weight-loss contest, said Heather Coy-Robinson, the company’s human resources manager, at the 2017 Benefits and Pension Summit in Toronto on Tuesday.
