Ottawa is hiking entry-level pay for Canadian Armed Forces privates by 20 per cent for the regular force and 13 per cent for reservists. That means the annual salary for a new recruit will go from $43,368 to $52,044. Other military members will also receive pay raises, with smaller increases for higher ranks — part […]
The average Canadian employer is planning to increase their salary budget by 3.5 per cent in 2026, according to a new survey by WTW. The survey, which polled more than 29,000 employers across 157 countries, found the majority of companies said they’re planning an increase of between 3.2 per cent and 3.6 per cent. Notably, […]
Employee turnover is taking a significant financial toll on Canadian companies, with nearly one in five hiring managers (17 per cent) saying it costs their organization more than $100,000 annually, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than 500 employers, found the […]
Talent retention is a critical concern for employers ahead of an initial public offering event, with private companies significantly more focused on retention compared to public companies, according to a new survey by WTW. The survey, which polled 50 global employers ranging in size from fewer than 1,000 employees to more than 10,000 employees, found […]
The union representing roughly 500 employees at General Dynamics Land Systems Canada in London, Ont. has ratified a new three-year contract that includes pension and benefits gains. The agreement provides increased employer contributions to the defined benefit pension plan, including an additional $1 for production employees and an additional $1.20 for skilled trades workers in […]
The union representing workers at Nestle’s London, Ont. ice cream production facility ratified a new three-year agreement that includes pension and benefits gains. The agreement includes an additional $100 for vision care that can be used for eye exams, as well as $1,500 per year in paramedical coverage that can be used in any combination. […]
While more than two-thirds of Canadian employers expect wages to increase in 2025 compared to last year, more than half (57 per cent) fear it won’t be enough to prevent employees from leaving for better wages and benefits elsewhere, according to a new survey by the Harris Poll on behalf of Express Services Inc. The […]
An article on how financial wellness programs can help employees in their relationships 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. Wellness programs key to keeping financial stress out of relationships: expert 2. 64% of Canadian employees […]
Amid a decline in employee bonuses, it’s important for employers to reassess their attraction and retention strategies through channels such as employee feedback, says Martin Fox, managing director at Robert Walters Canada. According to a recent Robert Walters survey, two-thirds (63 per cent) of professionals said they plan to leave their jobs this year if […]
Two-thirds (67 per cent) of employers say there’s currently a shortage of skilled workers in their industry and 58 per cent anticipate a skilled labour shortage over the next five to 10 years, according to Benefits Canada’s 2024 Future of Work Survey. To reverse this trend, nearly three-quarters (72 per cent) of employers cited improving […]