With travel to the U.S. becoming anxious, if not risky, for many Canadians, employers are facing the prospect of employees refusing to travel south of the border. But can employers require employees to do so, and do employees have a basis on which to refuse? “My advice to employers is not to assume that employees […]
The Royal Bank of Canada is appointing Rosemary Hatnay as vice-president of total rewards delivery. She previously worked at Scotiabank, where she held a series of roles including, most recently, vice-president of global payroll and total rewards solutions. Prior to that, she was Scotiabank’s vice-president of global total rewards solutions and operational effectiveness and director […]
Canadian employees with caregivering responsibilities are facing rising levels of stress, lost income and workplace strain, according to a new survey by virtual-care platform Maple Corp. The survey, which polled more than 1,500 employees, found working caregivers were almost twice as likely as non-caregivers to miss work due to mental-health reasons (10 per cent compared […]
An article on how employers can approach pay-for-performance amid economic volatility was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Expert panel: How employers can rethink pay-for-performance in a volatile economy 2. Survey finds many women aged 55+ […]
Wealthsimple Inc. is marking Financial Literacy Month with a two-part series of information sessions on how women can build financial confidence. The sessions cover estate planning, individual and joint money management, investing, wealth building and pre-retirement strategies, says Diana McLachlan, the organization’s chief people officer. She notes the company’s overall approach to financial literacy emphasizes […]
Economic headwinds, cost pressures and shifting employee expectations are forcing organizations to rethink performance compensation. Traditional pay-for-performance models, built for more predictable business cycles, are showing signs of strain. Many leaders are now asking a difficult but necessary question: are salary increases and incentive awards still tied to performance, or have they evolved into entitlements? […]
It’s difficult to avoid feeling overwhelmed by the hype around artificial intelligence and its many applications in our day-to-day lives. I was a kid during the early days of the internet, so I wasn’t in the middle of that buzz. But I gradually started using it — in high school, university and beyond — and […]
An article on proposed changes to preferred pharmacy networks outlined in the Ontario government’s fall economic statement was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario taking steps to end preferred pharmacy networks, introducing VPLA framework 2. […]
Many women approaching and entering retirement are seeking clearer financial guidance and more supportive environments for financial decision-making, according to a new survey by HomeEquity Bank. It found confidence in financial decision-making tends to increase with age, yet many women continue to encounter barriers rooted in literacy, confidence and cultural expectations. While 63 per cent […]
When CSA Group rolled out its global wellness incentive program in April, it was aiming to see whether cash rewards could kick start healthier habits and keep employees motivated. “We noticed a significant uptick in participation whenever we ran global step challenges with prizes,” says Aaron Snaith, director of total rewards at CSA Group. “That […]