After a five-day strike, the union representing 800 employees at Magna International Inc.’s Integram Seating factory in Windsor, Ont. has ratified a collective agreement that includes multiple benefits gains. The benefits gains include: vision coverage, from $250 every two years to $400; a rise in the basic annual dental maximum, from $1,600 to $1,900; an […]
Meridian Credit Union Ltd. is continuing to support employee financial wellness by raising its guaranteed hourly wage to $23.74. In 2022, the financial company became the largest employer to be certified by the Ontario Living Wage Network and is adjusting its compensation to reflect new guidelines that were updated last month. Current economic conditions and […]
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says Darcy Clark, a principal at Normandin Beaudry. “They could do just enough to meet the legislative requirements or . . . full disclosure where everybody knows everything. There’s also a […]
Even as signs emerge that the labour market is starting to shift in employers’ favour, employee attraction, retention and engagement remain top priorities. During Benefits Canada’s inaugural Future of Work Summit in October, a panel of employers, insurers and academics weighed in on the results of Benefits Canada’s 2023 Future of Work Survey. Almost two-thirds […]
Two-thirds (65 per cent) of U.S. employees rank flexible work options as the No. 1 component of compensation beyond salary, down from 71 per cent in 2022, according to a new report by the Conference Board Inc. The survey, which polled more than 1,500 workers, found employees in hybrid (68 per cent) and fully remote […]
More than two-thirds (68 per cent) of U.S. employees say they plan to stay with their current employer, up from 64 per cent in 2022 but down from 72 per cent in 2021, according to a new survey by Mercer. The survey, which polled more than 4,500 employees, found three-quarters (74 per cent) said they […]
The majority (92 per cent) of Canadian employers say they face challenges hiring skilled talent and 40 per cent say they plan to increase starting salaries in 2024 to attract and retain highly skilled workers, according to a new survey by Robert Half Canada. The survey, which polled more than 1,300 employers and more than […]
A third (34 per cent) of employees say they’re willing to change jobs in the next 12 months, according to a new survey by EY. The survey, which polled 1,000 employees and 50 employers in Canada, found employer respondents said attracting (36 per cent) and retaining (32 per cent) talent are their top priorities. As well, a majority […]
Canada ranks No. 9 among the top 10 countries with the best work-life balance, according to a new report by Remote Technology Inc. The report examined 60 countries and assessed factors such as minimum wage, sick leave, maternity leave, health-care availability, public happiness, average working hours and LGBTQ2S+ inclusivity. Read: Ottawa named a top city for work-life […]
Three-quarters (74 per cent) of U.S. employers say they increased their communications about compensation and benefits in 2023, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 4,000 U.S. companies, found roughly half (53 per cent) rated their employees’ understanding of compensation and benefits as excellent or good. […]