Approximately seven per cent of Canadian companies plan to freeze salaries in 2021, according to a new survey by Normandin Beaudry. It found that while fewer organizations plan to freeze salaries this year compared to last summer (when more than 20 per cent of respondents planned a freeze), the number is still higher than pre-coronavirus pandemic […]
Employee benefits and total rewards planning have always been a critical element of business planning, but never more so than during the ongoing coronavirus pandemic. Mercer Canada conducted a recent client poll which showed that unlike previous years, most Canadian organizations still had not set their salary adjustment budget for 2021 as of early November. While […]
Canadian employees are seeing significant workplace shifts amid the ongoing coronavirus pandemic, according to a new report by payroll and benefits company Humi. It found employees took 40 per cent less vacation time in 2020 compared to 2019. Meanwhile, the number of sick day requests was “drastically higher” in the months leading up to the […]
While the majority of Canadian employers feel confident about the economy, 49 per cent of employees are seriously considering leaving their role, according to a new report by Hays Specialist Recruitment (Canada) Inc. Among the reasons cited by dissatisfied employees were reduced social interaction due to the ongoing coronavirus pandemic (45 per cent), increased workloads […]
Many human resources teams that are planning 2021 salary adjustments and possible changes to total rewards programs need to focus on immediate ways to keep employee morale up as the coronavirus pandemic rages on, while also focusing on the longer term retention and attraction of top talent. The ongoing economic uncertainty wrought by the pandemic means many Canadian […]
More than a third (36 per cent) of Canadian organizations froze salaries in 2020, compared to a pre-coronavirus forecast of just two per cent, according to Morneau Shepell Ltd.’s annual salary projection survey. The trend is likely to hold true for the coming year, with almost half (46 per cent) of employers saying they’re uncertain […]
With employers and employees still suffering through the limbo of the coronavirus pandemic, Wednesday’s throne speech clarified how the federal government plans to continue to support Canadians. In her speech, Governor General Julie Payette said the Canada Emergency Wage Subsidy will be extended into 2021. She also said the government intends to shift away from emergency benefits […]
Three-quarters (76 per cent) of Canadian business leaders say the Canada Emergency Wage Subsidy is a good investment to help the economy rebound and get Canadians back to work, according to a new survey by KPMG in Canada. The same amount said they’ve relied on funds from the wage subsidy to keep employees on payroll and more […]
A majority (82 per cent) of senior managers said they’re worried about their company’s ability to retain valued staff, with 34 per cent saying they’re very worried, according to a new survey by Robert Half Canada Inc. Among this group, 41 per cent attributed their concern to salary reductions or planned salary freezes for the […]
While intangible assets like human capital and culture are increasingly at the forefront of employers’ concerns, frameworks to manage these factors are lagging, according to a new paper by Willis Towers Watson and the World Economic Forum. As the world resets to a new reality amid the ongoing coronavirus pandemic, it noted, it will be critical to an […]