pay rise – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Ford, Unifor agreement includes significant DC pension improvements, transition to DB plan https://www.benefitscanada.com/pensions/cap/ford-unifor-agreement-includes-significant-dc-pension-improvements-transition-to-db-plan/ Mon, 25 Sep 2023 13:00:50 +0000 https://www.benefitscanada.com/?p=143958 More than 5,600 Ford of Canada workers have voted in favour of ratifying a three-year collective agreement that includes improvements to the defined contribution and defined benefit pension plans. The agreement “fundamentally transforms pension plans,” said Lana Payne, Unifor national president, in a press release. Under the agreement, the DB plan’s basic monthly benefit rate […]

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]]> Survey finds fewer Canadians working from home permanently in 2023 https://www.benefitscanada.com/news/bencan/survey-finds-fewer-canadians-working-from-home-permanently-in-2023/ Mon, 28 Aug 2023 19:00:38 +0000 https://www.benefitscanada.com/?p=142664 Fewer Canadians are working from home permanently in 2023, according to a new survey by Aviva Canada. Just 19 per cent of survey respondents said they’re doing so, compared to 27 per cent in 2022. However, the percentage of Canadian employees who said they’re working hybrid a few days each week increased to 29 per […]

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]]> Employers favouring wage hikes over benefits enhancements amid high inflation: survey https://www.benefitscanada.com/pensions/retirement/employers-favouring-wage-hikes-over-benefits-enhancements-amid-high-inflation-survey/ Thu, 03 Nov 2022 13:00:39 +0000 https://www.benefitscanada.com/?p=129284 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 […]

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]]> How are large U.K. employers helping employees cope with cost-of-living increases? https://www.benefitscanada.com/news/bencan/how-are-large-u-k-employers-helping-employees-cope-with-cost-of-living-increases/ Tue, 30 Aug 2022 13:00:35 +0000 https://www.benefitscanada.com/?p=126137 Large employers in the U.K. are taking action to help employees in the face of the continuing cost-of-living challenges, according to a new survey by PricewaterhouseCoopers. The top ways employers are intervening to help with rising inflation include focused pay increases for essential workers (53 per cent), additional pay reviews (51 per cent) and one-off […]

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]]> Employers increasing salaries due to inflation, labour market challenges: survey https://www.benefitscanada.com/news/bencan/employers-increasing-salaries-due-to-inflation-labour-market-challenges-survey/ Thu, 10 Feb 2022 20:00:17 +0000 https://www.benefitscanada.com/?p=116429 The vast majority of Canadian employers are increasing salaries amid a challenging labour market, according to a new survey by Normandin Beaudry. The survey, which polled 285 Canadian employers, found fewer than 0.5 per cent were planning a salary freeze for 2022 in the late fall of 2021, down from three per cent in the […]

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]]> 65% of employees looking to change jobs due to compensation, well-being: survey https://www.benefitscanada.com/human-resources/hr-communication/65-of-employees-looking-to-change-jobs-due-to-compensation-well-being-survey/ Mon, 06 Dec 2021 14:00:48 +0000 https://www.benefitscanada.com/?p=112787 Roughly two-thirds (65 per cent) of Canadians are seriously considering leaving their job because of issues such as compensation, declining job satisfaction and overall well-being, according to a new survey by Hays Specialist Recruitment Canada Inc. The survey, based on responses from more than 4,200 employers and employees, found roughly 40 per cent of employers […]

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]]> How employers can solve the inflation puzzle amid war for talent https://www.benefitscanada.com/human-resources/hr-communication/how-employers-can-solve-the-inflation-puzzle-amid-war-for-talent/ Thu, 02 Dec 2021 14:00:10 +0000 https://www.benefitscanada.com/?p=112598 As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts. In October, the Canadian inflation rate increased year over year by a record 4.7 per cent, the largest increase since February 2003, according to Statistics Canada. The Bank of Canada […]

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]]> Canadians’ financial well-being up slightly, focus on retirement growing: survey https://www.benefitscanada.com/pensions/retirement/canadians-financial-well-being-up-slightly-focus-on-retirement-growing-survey/ Tue, 05 Oct 2021 13:00:12 +0000 https://www.benefitscanada.com/?p=108818 Canadians reported slightly higher levels of financial well-being in the summer of 2021, with many focusing on saving for retirement, according to a new survey by LifeWorks Inc. The survey, conducted among 3,000 respondents, found a financial well-being index score of negative 1.6 compared to the pre-coronavirus pandemic benchmark, up slightly from negative 2.8 in […]

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]]> Employers raising wages, offering bonuses amid labour shortages: surveys https://www.benefitscanada.com/human-resources/hr-other/employers-raising-wages-offering-bonuses-amid-labour-shortages-surveys/ Wed, 29 Sep 2021 19:00:45 +0000 https://www.benefitscanada.com/?p=108680 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 […]

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]]> Globe and Mail, Unifor deal includes enhanced mental-health benefit https://www.benefitscanada.com/benefits/health-benefits/globe-and-mail-unifor-deal-includes-enhanced-mental-health-benefit/ Tue, 21 Sep 2021 19:00:54 +0000 https://www.benefitscanada.com/?p=108026 The union representing employees at the Globe and Mail has ratified a new three-year contract that will provide a $1,500 mental-health benefit. Howard Law, director for the media sector at Unifor, says the mental-health benefit was increased from $850 and won’t be subject to the overall paramedical cap of $1,500. Read: Reliance Home Comfort, Unifor […]

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