compensation – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 29 Apr 2024 16:17:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canadians’ happiness with work-life balance, employer support increases in April: survey https://www.benefitscanada.com/benefits/health-wellness/canadians-happiness-with-work-life-balance-employer-support-increases-in-april-survey/ Thu, 25 Apr 2024 19:00:23 +0000 https://www.benefitscanada.com/?p=154625 Canadians’ happiness in the workplace increased to 6.8 points out of 10 in April, up slightly from 6.6 in March, according to a new survey by ADP Canada Co. The survey, which polled 1,200 Canadian workers, found nearly half (47 per cent) said they feel satisfied in their current roles and responsibilities, with respondents continuing to […]

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]]> Meridian focusing on flexibility, mentorship to promote gender equity, female leadership https://www.benefitscanada.com/news/bencan/meridian-focusing-on-flexibility-mentorship-to-promote-gender-equity-female-leadership/ Fri, 19 Apr 2024 13:00:15 +0000 https://www.benefitscanada.com/?p=154449 Meridian Credit Union is focusing on flexibility and mentorship to promote gender equity and female leadership in the historically male-dominated financial industry. According to the Canadian Credit Union Association, in 2023, only eight per cent of Fortune 500 chief executive officers were women. However, at Canada’s credit unions, 30 per cent of CEOs/general managers were […]

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]]> PSAC files policy grievance regarding transfer of PSHCP, impacts on plan members https://www.benefitscanada.com/benefits/health-benefits/psac-files-policy-grievance-regarding-transfer-of-pshcp-impacts-on-plan-members/ Thu, 18 Apr 2024 13:00:04 +0000 https://www.benefitscanada.com/?p=154226 The Public Service Alliance of Canada recently filed a policy grievance against the Treasury Board for its management of the transfer of the Public Service Health Care Plan to Canada Life Assurance Co., which has impacted tens of thousands of federal public service workers covered under the plan. In 2023, the federal government implemented two […]

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]]> Pay transparency on the rise in Canadian job postings: report https://www.benefitscanada.com/news/bencan/pay-transparency-on-the-rise-in-canadian-job-postings-report/ Mon, 01 Apr 2024 13:00:57 +0000 https://www.benefitscanada.com/?p=153682 Nearly half (49 per cent) of Canadian job postings on Indeed.com in February 2024 featured pay information, up from 22 per cent in early 2019, according to a report by the job search website’s Hiring Lab research centre. The report, which extracted pay information from job postings published on the website, found among postings that included pay […]

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]]> Federal minimum wage rising to $17.30 per hour on April 1 https://www.benefitscanada.com/news/bencan/federal-minimum-wage-rising-to-17-30-per-hour-on-april-1/ Fri, 22 Mar 2024 19:00:23 +0000 https://www.benefitscanada.com/?p=153519 The federal minimum wage is rising to $17.30 per hour, effective April 1. The increase from $16.65 reflects the increase in the annual average consumer price index for 2023. Roughly 30,000 employees in the federally regulated private sector are expected to benefit from the increase, according to a press release, which also noted employers are […]

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]]> Employers paying out executive bonuses can avoid criticism by embracing transparency https://www.benefitscanada.com/news/bencan/employers-paying-out-executive-bonuses-can-avoid-criticism-by-embracing-transparency/ Wed, 20 Mar 2024 13:00:08 +0000 https://www.benefitscanada.com/?p=152672 Increased sensitivity around executive bonus compensation is pushing employers to prioritize transparency and communication when explaining why bonuses were awarded. The compensation method has seen increased scrutiny after Catherine Tait, CBC/Radio-Canada’s president and chief executive officer, didn’t rule out the deployment of management bonuses right after the public broadcaster announced last December it was cutting […]

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]]> Jamieson Laboratories’ workers ending strike after securing wage increase, vision benefits enhancements https://www.benefitscanada.com/benefits/health-benefits/jamieson-laboratories-workers-ending-strike-after-securing-wage-increase-vision-benefits-enhancements/ Mon, 11 Mar 2024 13:00:17 +0000 https://www.benefitscanada.com/?p=152986 More than 300 employees of Windsor, Ont.’s Jamieson Laboratories Ltd. are ending their 34-day strike after securing a new contract agreement that includes significant wage increases and benefits enhancements. On March 5, members of Unifor Local 195 voted to ratify a four-year collective agreement — effective Feb. 1, 2024 to Jan. 31, 2028 — that […]

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]]> Canada lags behind peer countries on female representation in management: report https://www.benefitscanada.com/news/bencan/canada-lags-behind-peer-countries-on-female-representation-in-management-report/ Fri, 08 Mar 2024 20:00:32 +0000 https://www.benefitscanada.com/?p=152938 Women in corporate leadership still face barriers, with significant gaps in business ownership, representation and compensation, according to a report by the Canadian Chamber of Commerce. It found Canada lags behind nearly half of its peers in the Organisation for Economic Co-operation and Development in its share of female managers. While women have made strides in the overall […]

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]]> 65% of women employees concerned about receiving inadequate pay increases: survey https://www.benefitscanada.com/news/bencan/65-of-women-employees-concerned-about-receiving-inadequate-pay-increases-survey/ Fri, 08 Mar 2024 14:00:08 +0000 https://www.benefitscanada.com/?p=152856 Nearly two-thirds (65 per cent) of women say inadequate compensation increases is their biggest concern in 2024, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 760 workers, also found three-quarters (75 per cent) of women cited wider economic changes as a major concern. It’s important for employers […]

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]]> 28% of employers expecting increased employee turnover in 2024: survey https://www.benefitscanada.com/news/bencan/28-of-employers-expecting-increased-employee-turnover-in-2024-survey/ Thu, 07 Mar 2024 14:00:03 +0000 https://www.benefitscanada.com/?p=152820 More than a quarter (28 per cent) of Canadian employers say they’re expecting increased employee turnover this year, according to a new survey by Express Employment Professionals. The survey, which polled more than 500 employers, found respondents estimated it costs, on average, $30,674 annually to replace an employee. Fewer than a fifth (15 per cent) said […]

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