Economic headwinds, cost pressures and shifting employee expectations are forcing organizations to rethink performance compensation. Traditional pay-for-performance models, built for more predictable business cycles, are showing signs of strain. Many leaders are now asking a difficult but necessary question: are salary increases and incentive awards still tied to performance, or have they evolved into entitlements? […]
Many women approaching and entering retirement are seeking clearer financial guidance and more supportive environments for financial decision-making, according to a new survey by HomeEquity Bank. It found confidence in financial decision-making tends to increase with age, yet many women continue to encounter barriers rooted in literacy, confidence and cultural expectations. While 63 per cent […]
In a year marked by an ongoing trade war and threats of tariffs by U.S. President Donald Trump and against a backdrop of rising costs, Canadian employers are reconsidering their total rewards and talent management strategies. “A lot more attention is being paid to total rewards, such as how we’re paying people,” says compensation and […]
Amazon Canada is marking the National Day for Truth and Reconciliation tomorrow by promoting awareness and engaging with workers on the topic through its company intranet and Indigenous employee resource group. The online retailer is providing educational resources through its internal channels and promoting ways that employees can support Indigenous-owned businesses and not-for-profit organizations. Read: […]
Nearly half (47 per cent) of U.S. employees rate their overall well-being positively, up from 44 per cent in 2024, according to a new survey by Alight Solutions. The survey, which polled more than 2,500 employees, found nearly two-thirds (63 per cent) of employees reported positive energy and excitement at work and 66 per cent […]
Employers can mitigate the impact of seasonal influenza on the workplace by taking a proactive approach through flexible work policies and supporting preventative measures such as vaccination, says Peter Smith, president and senior scientist at the Institute for Work & Health. “For most workplaces, the impacts will be increased time off work from employees to […]
Canadian employers are putting greater emphasis on corporate social responsibility as purpose-driven work plays a bigger role in recruitment, retention and employee well-being. Job postings and expanded mandates, including CSR and community investment, are appearing across organizations, reflecting a shift in how employers weave social impact into their people strategies. “The shift toward values-based employment […]
Employees who felt a sense of belonging at work are 5.7-times more likely to be engaged and 70 per cent more likely to stay with their employer, according to a recent report by McLean & Company. It found employees who felt their contributions were significant were 3.5 times more likely to handle stress effectively. Teams […]
The workplace has evolved considerably in the last decade and compensation alone no longer defines how employees measure their experience. While salary remains important, it’s only one part of a much broader picture. Professionals today are seeking a more holistic value proposition —one that reflects their individual needs, promotes shared purpose and aligns with their […]
U.S. employers are increasingly embracing pay transparency, even as regulatory complexities introduced by the federal government present new challenges, according to a new survey by WTW. The survey, which polled nearly 400 employers, found 82 per cent said they’re either communicating, planning or considering communicating individual pay ranges with employees and 79 per cent are […]