Women have powered a recent shift toward higher-paying and higher-skilled jobs, but a pay gap will persist until they cease being outnumbered by men in senior management positions, according to a new report by the Royal Bank of Canada. Canada’s labour market saw nearly 200,000 women stream into jobs involving less in-person contact and often […]
The Alberta Investment Management Corp. is adjusting its parental leave and flexible working policies to make them more equitable for women employees. Earlier this year, the AIMCo changed its corporate incentive plan, to no longer prorate performance pay during the supplemental employment benefits period for parental and maternity leave. Prior to the change, employees who took […]
PepsiCo Beverages North America is expanding its U.S. returnship program for women who have taken time off work for caregiving. The program offers 16-week internships for 15 positions — up from 12 last year — and is available to women professionals with a minimum of five years of work experience who have taken at least […]
Last October, Ontario’s pay equity office reported Canadian women received an average of 18 per cent less retirement income than men in 2020, which is three per cent higher than the gap observed in 1976, the earliest year for which data is available. How has progress moved backwards in the past 44 years, even though women are […]
Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security and Aon. It found U.S. state and local employees in a typical public defined benefit pension plan need to save roughly four to six per cent of their salary on their […]
Canadian women are retiring with 78 per cent of the wealth accumulated by Canadian men, slightly better than the global average of 74 per cent, according to a new report by WTW. In North America, it found pay gaps and delayed career progression are the primary drivers of the wealth disparity between men and women, […]
The majority (84 per cent) of Canadian employees say they support a pay transparency law that would require employers to disclose salary ranges in job postings, according to a new survey by Leger Marketing Inc. on behalf of Talent.com. The survey, which polled more than 1,500 employees, found 45 per cent of employees feel they’re […]
A quarter (24 per cent) of board seats in Canada are held by women, up two per cent since last year, according to a new report by the Canadian Securities Administrators. The report, which tracked TSX-listed companies and other non-venture issuers subject to the CSA’s disclosure requirements regarding women on boards and in executive officer […]
Canada’s gender pension gap is growing as Canadian women received an average of 18 per cent less retirement income than men in 2020, according to a report by Ontario’s pay equity office. It found the gap is more pronounced among women in visible minority groups (37 per cent), among sources of private retirement income (28 per […]
In 2018, Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, engaged the services of Women in Governance, an organization dedicated to increasing gender parity and diversity at Canadian employers. “This program helps us ask the right questions to make sure we’re implementing the right policies to increase gender […]