Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according to a survey by the Harris Poll on behalf of the Transamerica Center for Retirement Studies. Among women who plan to work past age 65 or who don’t plan to retire, […]
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, […]
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 […]
While nearly three-quarters of U.S. executives (74 per cent) and workers (71 per cent) agree pay equity is a top priority, employees say there’s more work to be done on the issue, according to a new survey by the Harvard Business Review and human resources consultancy UKG. The survey, which polled more than 3,000 employees […]
While we speak regularly with outstanding women in the human resources, benefits, pension and investment industries, our annual Women’s Issue allows us to take a broader view, including how these women’s careers have evolved, their perspectives on mentorship and work-life balance, as well as their thoughts about pay equity and gender diversity. When I wrote […]
Flexibility only goes so far, say two experts, and covers a small part of a healthy and respectful work culture. Tracy Fogale, senior manager of benefits at Kraft Heinz Canada: While flexibility is a critical way to retain employees, particularly women, in the workforce, it can’t tackle systemic issues such as the gender pay gap, […]
While Canada ranks No. 31 out of 145 countries for women’s labour force participation, its wage equality ranking sits at No. 71, according to a new report by the World Economic Forum. It found Canada’s gender pay gap is roughly 16 per cent in comparison to other Organisation for Economic Co-operation and Development member countries. […]
Median pay for women occupying the corner office rose to nearly $16 million, according to an annual survey by Equilar Inc. for The Associated Press. Still, experts say there’s much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women. Jane Stevenson, vice-chair of […]
As widespread labour shortages force Canadian companies to re-evaluate their employee recruitment and retention practices, experts say pay transparency is increasingly in the spotlight. Outside of the public sector and unionized shops, salaries in North America have long been considered a private matter between employer and employee. Job postings generally don’t disclose compensation and the issue of […]
Women in the U.S. with newly-minted bachelor’s degrees earn an average of US$52,266, compared to $64,022 earned by their male peers, according to a new study by the National Association of Colleges and Employers. The gender pay gap at the beginning of women’s careers mirrors the overall pay gap nationally, with the U.S. Bureau of Labor […]