Next Stage: Are You Age-Ready?
Our December 9th webcast will uncover how smart employers can optimize their workforce performance by capturing the value of age and experience.REGISTER
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Mercer 365, an all-in-one digital solution that puts employee wellbeing at the centre of the employee value proposition, is now available. Through this offering, employees have access to best-in-class vendors, to support their overall wellbeing, whether physical, mental, financial or social.
While Canada’s retirement system continues to hold steady, large risks are on the horizon. The workforce of the future will look very different from today and retirement planning must continue to evolve to provide better outcomes for all groups of Canadians.
Organizations that actively leverage their older, experienced workforce will be best positioned for the future of work, according to Mercer’s recently published report “Next Stage: Are You Age-Ready?”.
The solvency position of Canadian defined benefit pension plans dropped only slightly in the third quarter of 2019. Canadian plan sponsors could see the cost of their DB plans increase by close to 20 per cent due to lowering return expectations.
According to Mercer’s 2019/2020 Canadian Compensation Planning Survey, merit increase budgets have increased slightly in 2019 to 2.6% – an increase of 0.1% from the year before – and are projected to remain steady in 2020 as employers seek to define their employee value proposition.