More than two-thirds (68 per cent) of U.S. employers say they’re increasing salaries and enhancing employee benefits in 2023 amid a tough labour market, according to a new survey by the International Foundation of Employee Benefit Plans. It found employers are planning to increase wages by an average of 3.9 per cent next year, while […]
Employers that aren’t encouraging LGBTQ2S+ inclusivity stand to lose significant amounts of money due to turnover, lower employee engagement and decreased productivity, says Michael Bach, founder and chief executive officer of Canadian Centre for Diversity and Inclusion Consulting Inc. “The employers making real progress are the ones that recognize the benefit of action and the […]
The union representing employees at automobile manufacturing company Stellantis’ assembly plants in Windsor, Ont. and Brampton, Ont. has ratified a three-year collective agreement that includes pension and retiree benefits improvements. The agreement will add $1 per hour to the current company pension contribution. Employees earning the current maximum wage rate will see the pension contribution converted […]
Large U.S. companies are increasingly linking executive compensation to some form of environmental, social and governance performance, growing from 66 per cent in 2020 to 73 per cent in 2021, according to a new report by the Conference Board, Semler Brossy Consulting Group and ESG data analytics firm ESGAUGE. Between 2020 and 2021, the amount […]
An article on Telus Communications Inc.’s win in Benefits Canada‘s 2022 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Telus wins award for supporting employees’ holistic well-being 2. Survey finds nearly all young employees globally experiencing burnout 3. Half of employees say employer hasn’t communicated […]
Ontario education workers are striking over extended benefits, short-term disability leave and wage increases, among other requests by the workers’ union the Canadian Union of Public Employees. The CUPE is asking the provincial government to provide additional funds to cover the increasing costs of medications and health and dental services, according to the CUPE’s Ontario […]
The Alberta School Employee Benefit Plan’s extensive mental-health strategy led to a win in the Mental health program category for an employer with fewer than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. In 2021, the Alberta School Employee Benefit Plan launched a campaign called It Takes a Village, which emphasizes the importance of […]
While Canadian employers recognize the value of retirement benefits, the current high inflation environment is driving them to favour wage hikes instead, according to a new survey by the Healthcare of Ontario Pension Plan and Angus Reid Group. The survey, which polled nearly 800 business owners and senior leaders, found employers’ leading concerns are greater […]
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 […]
Employees worrying about their finances on the job will cost Canadian employers more than $40 billion in 2022, almost double the $26.9 billion in lost productivity calculated in 2021, according to a new survey by the National Payroll Institute. The survey, which polled more than 3,000 Canadian employees, found a fifth (20 per cent) of […]