There’s never a drought of challenges for employers and 2023 is proving no different. Today, they’re facing inflation, labour shortages, competition for hiring, high turnover and employee burnout, to name just a few. That’s why it’s no surprise the ball is firmly in employees’ courts. Alongside the interminable rise in the cost of living and […]
As Canadians deal with an uncertain labour market, a public relations professional, who sought out a new job, and a marketing professional, who stayed with her employer, reflect on whether it’s better to stick it out at your current job or find a new one. Aaliyah Corbin, account coordinator at Media Profile A lot of […]
More than half (58 per cent) of U.S. employees say they’re significantly worried about one or more aspects of their personal finances, including saving for retirement and building emergency savings, according to a new survey by John Hancock Financial. In addition, with the market declines across asset classes in 2022, 70 per cent of survey respondents […]
Custodial and maintenance workers at Toronto Metropolitan University represented by the Canadian Union of Public Employees are striking after university administration failed to address the rising cost of living and issues with increased employee contributions to the defined benefit pension plan during negotiations. In 2021, the university unilaterally imposed an increase in pension contributions on […]
Millennial workers who rent for their entire careers must save 50 per cent more than homeowners in order to have a sufficient monthly income in retirement, according to a new report by Mercer Canada. The report, which analyzed findings from Mercer’s database, found millennials who rent need to save eight-times their annual salaries to retire […]
While three-quarters (74 per cent) of global employers say the purpose of their internal communications strategy is to shape workplace culture and create a sense of belonging, only 56 per cent believe their employees understand their organization’s strategy, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than […]
Nearly three-quarters (70 per cent) of U.S. employees say financial stress negatively impacts their work performance, according to a new survey by YouGov and YuLife Insurance Agency Inc. The survey, which polled more than 1,200 workers, found a third (32 per cent) of all respondents and 42 per cent of employees aged 18 to 35 said financial […]
MVF is supporting its multinational workforce amid rising inflation with a new cost-of-living benefit. The U.K.-based marketing company introduced the new benefit last October, after an employee pulse survey revealed the most helpful financial support would be cash lump sums to help pay for big bills such as rent and utilities, said Hannah Meredith, the […]
Half (51 per cent) of Canadians are planning to contribute to their registered retirement savings plans this year — a substantial increase since last year (18 per cent), according to a new survey by Edward Jones Canada. The survey, which polled more than 1,600 adults, found half (51 per cent) said cost of living is […]
Canadians say they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, when Canadians estimated they’d need a nest egg of $1.4 million, according to a new survey by BMO Financial Group. The estimate is the largest since the bank first began surveying Canadians about their retirement expectations […]