The U.S. Department of Labor is launching an employee ownership initiative to encourage more employers and employees to take advantage of these opportunities. The new initiative will fall under part of the SECURE 2.0 Act — which was passed by Congress in 2022 — and aims to empower workers through ownership arrangements and educate them […]
Since Caary Capital Ltd. was founded during the coronavirus pandemic, it had to adapt quickly to the unpredictable hiring market using techniques like flexible working arrangements and an employee stock ownership plan to help attract and retain employees. “We’re a child of the pandemic so for us it was just a matter of getting used […]
During a session at Benefits Canada‘s 2022 DC Plan Summit, Simon Cabral, Scotiabank’s director of global defined contribution plans, shared how the organization ties employees’ financial wellness into their broader well-being. A few years ago, the bank rebranded its benefits offering, linking its benefits, retirement savings and employee share ownership plans. The new strategy includes […]
Brown and Caldwell is recognizing employees’ hard work and resilience over the last two years with a company-wide salary increase. In July, the engineering consultancy gave employees a five per cent increase on their current salaries. Patti Pederson, the organization’s vice-president of total rewards, says the increase was implemented across the board for everyone actively […]
Scotiabank is supporting its employees’ financial well-being with a week of information sessions in June. Ayman Alvi, director of global benefits at Scotiabank, says the sessions taking place the week of June 20 will focus on all aspects of financial well-being, including the bank’s pension plan and other financial benefits available to employees. “These events have […]
As employers increasingly customize their human resources, benefits and pension communications campaigns, how are these methods connecting with employees? Long gone are the days of chunky tomes of group benefits and pension information. Once the norm, those pages and pages of minutiae have gradually been replaced by more personalized and targeted communications. “Direct communication is […]
This month marks the two-year anniversary of the World Health Organization declaring the coronavirus a global pandemic. In some ways, we’ve come a long way since then, but in others, we’re hovering close to where it all started. One thing is for sure: the pandemic continues to create a through line in Benefits Canada’s content […]
Canadian employers should consider the pros and cons of employee share ownership plans on both sides of the border. Loren Rodgers, executive director of the National Center for Employee Ownership (pictured left) Canada should maintain the current paths by which companies are creating employee ownership, but it should also create a new vehicle that draws […]
An increasing number of workers are considering the availability of a company stock plan when evaluating a new job opportunity, according to research conducted by Fidelity Investments.
Standard Life has added two new features for Canadian publicly listed companies to its group savings and retirement offerings: stock and stock options plans administration solutions. The first feature enables employees to make online withdrawals from their stock plan directly from Standard Life’s transactional website. The second allows employers to access a variety of stock […]