The union representing General Motors of Canada Co. employees in Ontario has ratified a new agreement for workers at a plant in Ingersoll that removes changes to a legacy defined benefit plan as part of ongoing pension discussions. The deal, based on the recent three-year agreement with GM for workers in Oshawa, St. Catharines and Woodstock, […]
Diversity and inclusion in the workplace are more of a priority for younger employees, according to a new study commissioned by ADP Canada Co. The survey found respondents aged 18 to 34, as well as those from a visible ethnic community, were the most vocal when it came to issues of diversity and inclusion in […]
As more companies integrate diversity, equality and inclusion strategies into their workplaces, listening and leadership are among the keys to a successful program, according to a webinar hosted by Mercer Canada on Thursday. The company held a series of special listening sessions for staff following the deaths of Black civilians during police encounters in the […]
The union representing General Motors of Canada Co. employees in Ontario have ratified a new three-year collective agreement that removes changes to a legacy defined benefit plan as part of ongoing pension discussions. The deal restores the legacy DB plan by removing a member contribution requirement and a 30-year cap on credited service introduced in […]
Ford Motor Co. and Unifor’s new collective agreement tackles everything from racial inequality, medical cannabis coverage and a new pension plan. The $1.8 billion deal ratified on Monday includes a racial justice advocate in a nod to the ongoing racial reckoning occurring in society and workplaces. The newly created role will complement existing inclusivity efforts at […]
The Responsible Investment Association is creating a statement on diversity and inclusion and inviting Canadian institutional investors to sign on. The initial signatories of the statement, which is currently circulating, include the Alberta Investment Management Corp. the Caisse de dépôt et placement du Québec, the OPSEU Pension Trust and the University of Toronto Asset Management among others. The RIA said investors have […]
BMO Financial Group is introducing a new diversity strategy that sets goals to address gaps affecting Black, Indigenous, People of Colour, Latino and LGBTQ2+ employees, customers and communities. The new benchmarks and plans, which expand the bank’s multi-year diversity strategy set in 2017, includes doubling company-wide representation of Black senior leaders, accelerating Indigenous talent strategies, […]
Cognitive bias exists in the very fabric of the business world and is a key element holding back its progress, according to Sudhir Roc-Sennett, head of thought leadership and environmental, social and governance for Vontobel Asset Management’s quality growth boutique. He says companies and the institutional investors analyzing their potential should be concerned with the myriad ways […]
Fund managers’ race appears to play a role in whether they’re selected by asset allocators, such as pension funds, according to a new report. The report, by Illumen Capital and a centre from Stanford University’s department of psychology, found racially diverse teams may face bigger barriers to advancement, even after they’ve established themselves as strong […]