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These plans allow the employer to share a portion of their profits with employees based on either quarterly or annual earnings.

Here’s How Employers Can Help.

Employer of Choice Remains the Goal Despite the cooling labor market, employers are still focused on attraction, retention and ways to differentiate themselves as an employer of choice — and LSAs are one of the hottest trends in these discussions, said Sander Domaszewicz, national practice leader for consumerism at Mercer.

The stages are: Nov. 1, 2023: BC Public Service Agency and Crown corporations with more than 1,000 employees (ICBC, BC Hydro, WorkSafeBC, BC Housing, BC Lottery Corporation and BC Transit);Nov. 1, 2024: all employers with 1,000 employees or more;Nov. 1, 2025: all employers with 300 employees or more;Nov. 1, 2026: all employers with 50 employees or more; The B.C. legislation also prevents employers in the province from asking prospective employees for pay history information, or from punishing employees who disclose their pay to co-workers or potential job applicants.

This requires insurers and employers to cover free screenings for cancer and heart disease, as well as programs for smoking cessation, among many others.

Permanent employees feel a sense of ownership, belonging, gratitude and obligation toward their employer due to the nonfinancial components of the social exchange between an employer and employee (Fisher and Connelly 2017).

A strategy being deployed by some employees is actively seeking outside offers to leverage into raises with their existing employer .

The Alight study also found that 85% of employees say that “wellbeing programs offered by my employer make me feel better about my employer.”

EMPLOYEE BENEFITS Commuting Considerations Could Be Key in RTO As reminders of the pandemic continue to fade, many employers are focused on some form of getting back to in-person working arrangements.