In the unionized workplace, the implementation of artificial intelligence isn’t just a management decision — it’s also a bargaining issue. “Just don’t assume you can quietly roll AI out, because it’s something to which the unions are paying attention,” says Lisa Stam, managing partner at Springlaw Professional Corp. “And that’s important, because unionized workplaces often […]
Three-quarters (75 per cent) of Canadian employers and two-thirds (66 per cent) of U.S. employers say they plan to link compensation directly to performance outcomes, according to a new report by Hub International Ltd. The survey, which polled more than 900 business leaders across Canada and the U.S., found many employers are shifting total rewards […]
An article on a lawsuit filed by Ontario Provincial Police recruits against the Ontario Municipal Employees Retirement System and the Ontario Pension Board was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. OPP recruits suing OMERS, OPB over […]
More than half of Canadian employers say they use generative artificial intelligence to screen candidates and review résumés, citing improved customer service (55 per cent), increased efficiency (51 per cent) and support with analyzing application materials (52 per cent), according to a recent survey by the Harris Poll on behalf of Express Services Inc. The […]
The benefits of artificial intelligence go hand in hand with the many risks, but the pension industry’s requirements around fiduciary responsibility and governance, as well as privacy concerns, add an important layer to these considerations. Genevieve Hayman, senior affiliate researcher in research, advocacy and standards, the CFA Institute Many artificial intelligence risks — which include […]
Almost half (46 per cent) of multinational companies say they’re prioritizing the use of employee-facing technology to support benefits management, including the use of artificial intelligence and other advanced technologies to improve benefits navigation and decision-making, according to a new survey by WTW. The survey, which polled more than 260 employers, found more than half […]
The European Union is imposing strict rules on artificial intelligence activities that pose high and unacceptable risks, including those deployed in the workplace. The AI Act, which is being implemented in stages through to Aug. 2, 2026, applies to all member states without the need for local legislation to be adopted, though some states may […]
Two-thirds (66 per cent) of global institutional investors say they plan to increase their private asset allocations over the next five years, according to a new survey by investment manager Nuveen. The survey, which polled more than 800 global institutional investors representing US$19 trillion in assets under management, found more than 90 per cent now […]
The emergence of the Chinese artificial intelligence platform DeepSeek-R1 has raised questions on how it will change the AI value chain, from providers to consumers to real-world business applications of the technology. According to a report by the BBC, researchers with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co. Ltd., the company behind DeepSeek, claimed […]
The Ontario Teachers’ Pension Plan’s venture growth arm is leading a US$175 million Series F investment round for artificial intelligence, data and analytics software company Quantexa. The latest funding round, which gives the U.K.-based company a valuation of $2.6 billion, also includes existing investor British Patient Capital. Ara Yeromian, managing director at the Teachers’ Venture […]