Almost half of global organizations say employee productivity would increase by at least 10 per cent if their performance management process was optimized, according to a new survey by WTW. The survey, which polled nearly 500 employers, found while their employees expect clear goals and priorities, regular feedback, fair ratings and strong ties to rewards, […]
In its 2025 budget, the federal government announced several initiatives to incentivize institutional investors to back domestic infrastructure and business ventures. The budget proposed $1 billion on a cash basis over three years, starting in 2026-27, for the Business Development Bank of Canada to launch a venture and growth capital catalyst initiative, a fund-of-funds that […]
Mercer is acquiring Montreal-based human resources consulting firm Hexarem. Founded in 2013, Hexarem serves a diverse range of public and private sector clients across Canada, providing comprehensive, analysis-intensive compensation advice, including total compensation benchmarking and pay programs, according to a press release. Read: Employment Hero acquiring Humi Through the acquisition, Hexarem’s clients will gain access […]
Canadian public sector employees continue to outpace private sector workers in defined benefit pension plan membership, according to a new report by the Fraser Institute. It found 86.7 per cent of Canadian public sector workers were covered by a registered pension plan compared to only 21.8 per cent in the private sector, citing data from […]
In a year marked by an ongoing trade war and threats of tariffs by U.S. President Donald Trump and against a backdrop of rising costs, Canadian employers are reconsidering their total rewards and talent management strategies. “A lot more attention is being paid to total rewards, such as how we’re paying people,” says compensation and […]
Seven in 10 (71 per cent) employers say they’re concerned about meeting candidates’ salary expectations in 2026 and nearly half (46 per cent) say adding new employee benefits and perks will be the most effective strategy for recruiting skilled candidates in the coming year, according to a new report by Robert Half Canada. The report […]
Amazon.com is supporting employee education by pre-paying 100 per cent of tuition, up to a yearly maximum, for college programs offered through its Career Choice program. Employees will no longer pay a five per cent contribution to tuition costs and the company has also expedited the eligibility period for employees to participate in the program […]
An article on why Canadian retirees are withdrawing less income from their workplace savings plans 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. Decumulation shift: Canadian retirees withdrawing less from workplace plans in recent years, says expert […]
Canadian employers are projecting a 3.11 per cent increase in average base salaries for non-unionized workers in Canada for 2026, reflecting a continued slowdown in wage growth since 2023, according to a new report from Telus Health. The report, based on data from more than 375 Canadian organizations across various industries, found by province, Manitoba […]
Amazon.com says it’s investing more than a US$1 billion to raise wages and lower the cost of health-care plans for its U.S. fulfillment and transportation workers. The Seattle-based company said the average pay is increasing to more than $23 per hour. Some of its most tenured employees will see an increase between $1.10 and $1.90 […]