British Columbia is introducing pay transparency legislation to help close the province’s gender pay gap. Once the legislation is passed on Nov. 1, 2023, all B.C. employers will be required to include wage or salary ranges on all publicly advertised jobs. Employers will also be required to publicly post reports on their gender pay gap, […]
As the coronavirus pandemic enters its fourth year, it’s perhaps unsurprising that the health crisis has taken its toll on employee mental health. Scotiabank saw a notable rise in claims for mental-health drugs in 2022, says Ayman Alvi, the bank’s vice-president of global pension and benefits, noting the increased use of these medications aligns with […]
The financial services company’s head of global well-being and benefits strategy talks hybrid working, diverse benefits and time outdoors with her dogs. Q: What top challenges do you face in your role? A: Being fairly new to Nasdaq, I’m learning something new every day about our organization, our people and what we do. Did you […]
More than half (51 per cent) of U.S. workers say there’s a gender pay gap in their workplaces, up 121 per cent since 2019, according to a new survey by software company Beqom. The survey, which polled 1,000 U.S. employees and 1,000 U.K. employees, found roughly a third of U.S. (35 per cent) and U.K. (31 […]
Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45 basis points yearly in terms of net excess returns, according to a new report by WTW. The report, which analyzed data from more than 1,500 investment strategies and more than 400 asset management firms, found while 80 per cent of […]
An article on how the Canadian Life and Health Insurance Association is collaborating with insurers on suspected benefits fraud investigations was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CLHIA working with insurers on suspected benefits fraud investigations 2. AIMCo closing gender equity gap through […]
The British Columbia Investment Management Corporation is expanding its proxy voting guidelines around racial diversity to cover Canadian-domiciled investee businesses. “Proxy voting is a key shareholder right and powerful tool for BCI to drive action aligned to our clients’ best interests,” said Daniel Garant, executive vice-president and global head of public markets at the BCI, […]
Just 34 per cent of Canadian employers had boards with female representation of 40 per cent or more as of October 2022, according to a new report by MSCI Inc. The report, which analyzed more than 2,800 employers in 18 countries across the Americas and Europe, found more than a third (38 per cent) reported […]
While 80 per cent of U.S. employers say their company is doing enough to address diversity, equity and inclusion in the workplace, just 66 per cent of employees agreed, according to a new survey by Employ Inc. The survey, which polled more than 1,000 employees and more than 500 employers, found the majority (82 per […]
The majority (83 per cent) of global employers say they have an employee well-being strategy, up significantly from 55 per cent in 2020, according to a new survey by Aon. The survey, which polled human resources and benefits leaders from more than 1,100 employers across 46 countries, found nearly two-thirds (63 per cent) of respondents […]