November 21, 2023 The landscape of group retirement in Canada is set for a significant shift with the imminent updates to the Capital Accumulation Plan (CAP) Guidelines. These guidelines form the foundation of how group retirement plans in Canada are organized, managed, and overseen. With these changes on the horizon, it’s a crucial time for advisors and plan sponsors to […]
In the realm of managing financials and slashing unwanted expenditures, businesses might find the idea of incorporating a group retirement plan into the employee benefits package to be rather paradoxical. Nevertheless, data substantiates that retirement perks not only serve as a robust tool to curtail the expenses linked with employee turnover but also act as a significant saving medium for […]
As we navigate the potential economic cooldown that experts anticipate for Canada, one thing remains clear: the talent shortage is not easing up. Companies are realizing that maintaining a skilled and engaged workforce is more critical than ever to weather uncertain times. Yet, the rising inflation and consequent financial stress among employees are fueling job dissatisfaction and turnover, posing significant […]
Canadian businesses are grappling with the ripple effects of heightened inflation, directly impacting employer-employee dynamics, especially concerning compensation. Employers strive to manage expenses, while an increasing number of employees are advocating for raises. Amidst this, employee retention emerges as a critical focal point for businesses. However, is a simple salary hike the best approach to retention, or could other benefits, […]