The union representing General Motors of Canada Co. employees in Ontario has ratified a new agreement for workers at a plant in Ingersoll that removes changes to a legacy defined benefit plan as part of ongoing pension discussions. The deal, based on the recent three-year agreement with GM for workers in Oshawa, St. Catharines and Woodstock, […]
Mandy Kwasnica and her husband so desperately wanted to adopt they were ready to sink all of their money (and then some) into making their dream a reality. “Adoption is very, very expensive, but we knew in our hearts that this was the right move we were making,” recalls the manager of mortgage sales support at […]
Enbridge Inc. is undertaking a series of steps to further diversify its workforce and address anti-Black systemic racism, starting with signing onto the BlackNorth Initiative pledge. Founded by the Canadian Council of Business Leaders Against Anti-Black Systemic Racism, the pledge asks senior business leaders across the country to commit to undertaking specific actions and targets […]
A series of legislative changes to Canada’s labour code aiming to make workplaces healthier, safer and fairer took effect as of Jan. 1, 2021. The changes include new pay transparency regulations for federally regulated, private sector employers with 100 or more employees. According to a press release, the move makes Canada the first country to […]
Plan sponsors in the U.S. that suspended or reduced employer-matching contributions are reinstating them or increasing their levels by 2021, said a new survey by Willis Towers Watson. According to the survey, 60 per cent of plan sponsors said they intend to match their members’ contributions at the same level as they were prior to their suspension or […]
Employee benefits and total rewards planning have always been a critical element of business planning, but never more so than during the ongoing coronavirus pandemic. Mercer Canada conducted a recent client poll which showed that unlike previous years, most Canadian organizations still had not set their salary adjustment budget for 2021 as of early November. While […]
Gender diversity is increasing on the boards of Canada’s 100 largest publicly-traded companies, according to a new report by KPMG Canada. It found women comprised 34 per cent of new board appointments since 2014. These women were slightly younger than their male counterparts, more educated, far more likely to come from outside the organization and […]
The federal government is introducing new pay transparency regulations for federally regulated, private sector employers with 100 or more employees. The legislative amendment to the Equity Act, which will take effect on Jan. 1, 2021, aims to help address equality and inclusion issues in the workplace. With the move, Canada will be the first country to make wage […]
A group of Canadian pension plan investment managers is calling on companies to standardize their environmental, social and governance disclosure to help them in their investment decision-making and better assess and manage their risks. Together, the eight fund managers oversee a total of about $1.6 trillion in assets and are committing to strengthening ESG disclosure within […]
Diversity and inclusion in the workplace are more of a priority for younger employees, according to a new study commissioned by ADP Canada Co. The survey found respondents aged 18 to 34, as well as those from a visible ethnic community, were the most vocal when it came to issues of diversity and inclusion in […]