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 […]
Roughly two-thirds (63 per cent) of women said the shift toward gender equality in the workplace isn’t taking place fast enough and, despite more societal awareness, they still aren’t being offered the same opportunities as men, according to a new survey by Randstad Canada. The survey, which polled more than 1,000 working Canadian women, found […]
Canadian employers are using bonuses to attract and retain employees in a difficult labour market, according to a new survey by Mercer. Half (50 per cent) of respondents said they’re providing sign-on bonuses for select new non-executive hires. And while 55 per cent aren’t offering retention bonuses, 35 per cent said they’re being provided for […]
Early in Shannan Corey’s pension career, many of the boards she worked with were dominated by men over the age of 50. Corey, now executive director of the Saskatchewan Pension Plan, recalls one particular board meeting she attended when her company’s actuary, also male, wasn’t able to attend. “I was in my 30s and still […]
Preparing financially for retirement is a marathon filled with many obstacles along the way to a constantly shifting finish line. Even in 2021, female employees tend to have more obstacles and subsequently lag well behind their male counterparts when it comes to retirement savings. Women retire 30 per cent less wealthy than men, according to […]
With many women at risk of outliving their retirement savings, employers can help by educating female employees about their investment options, says Michelle Connell, a chartered financial analyst and owner of Portia Capital Management. Since women are often the primary caregivers, she says they tend to put less money into their retirement accounts than men […]
The federal government is taking steps to close the gender wage gap with the Pay Equity Act, which came into effect on Aug. 31. The legislation requires federally regulated public and private sector employers to ensure workers receive equal pay for work of equal value, according to a press release, which noted employers have three […]
The federal government says legislation meant to help close the gender wage gap will come into effect on Aug. 31 and be phased in over the next three years. The Pay Equity Act requires federally regulated employers to ensure workers receive equal pay for work of equal value and is meant to help women get […]