wages – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Federal minimum wage rising to $17.30 per hour on April 1 https://www.benefitscanada.com/news/bencan/federal-minimum-wage-rising-to-17-30-per-hour-on-april-1/ Fri, 22 Mar 2024 19:00:23 +0000 https://www.benefitscanada.com/?p=153519 The federal minimum wage is rising to $17.30 per hour, effective April 1. The increase from $16.65 reflects the increase in the annual average consumer price index for 2023. Roughly 30,000 employees in the federally regulated private sector are expected to benefit from the increase, according to a press release, which also noted employers are […]

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]]> Jamieson Laboratories’ workers ending strike after securing wage increase, vision benefits enhancements https://www.benefitscanada.com/benefits/health-benefits/jamieson-laboratories-workers-ending-strike-after-securing-wage-increase-vision-benefits-enhancements/ Mon, 11 Mar 2024 13:00:17 +0000 https://www.benefitscanada.com/?p=152986 More than 300 employees of Windsor, Ont.’s Jamieson Laboratories Ltd. are ending their 34-day strike after securing a new contract agreement that includes significant wage increases and benefits enhancements. On March 5, members of Unifor Local 195 voted to ratify a four-year collective agreement — effective Feb. 1, 2024 to Jan. 31, 2028 — that […]

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]]> Should employees get paid for an extra day of work in a leap year? https://www.benefitscanada.com/news/bencan/should-employees-get-paid-for-an-extra-day-of-work-in-a-leap-year/ Fri, 01 Mar 2024 20:00:07 +0000 https://www.benefitscanada.com/?p=152620 This leap year, some financial experts say they’re seeing an unexpected trend: employees asking if they get paid for working on Feb. 29. Every four years, the calendar gains a day to sync up with the Earth’s movement around the sun. Yet inquiries about what it means for paycheques hasn’t previously been noticeable. “This is […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-74/ Fri, 01 Mar 2024 14:00:43 +0000 https://www.benefitscanada.com/?p=152588 An article detailing Ford of Canada’s transfer of $923 million in pension plan liabilities through a group annuity buyout was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week. 1. Ford Canada transferring $923 million in pension liabilities via group annuity buyout 2. AIMCo highlighting importance […]

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]]> York U academic workers go on strike, citing lack of support amid rising cost of living https://www.benefitscanada.com/news/bencan/york-u-academic-workers-go-on-strike-citing-lack-of-support-amid-rising-cost-of-living/ Mon, 26 Feb 2024 20:00:25 +0000 https://www.benefitscanada.com/?p=152395 Nearly 3,000 academic workers at York University are on strike after their union said the university didn’t meet their demand to “address the affordability crisis.” The Canadian Union of Public Employees Local 3903, which represents contract faculty, teaching and graduate assistants, research assistants and part-time librarians, says picket lines went up at 11 a.m. Academic […]

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]]> Majority of Canadian employees satisfied with their job: Stats Can https://www.benefitscanada.com/news/bencan/majority-of-canadian-employees-satisfied-with-their-job-stats-can/ Wed, 17 Jan 2024 20:00:42 +0000 https://www.benefitscanada.com/?p=150757 On a scale of one to 10, the majority (80 per cent) of Canadian employees rate their level of job satisfaction between seven and 10, with 7.7 being the average level of satisfaction, according to a new survey by Statistics Canada. The survey, which polled Canadian employees aged 15 to 69, found average levels of […]

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]]> Canadian auto workers, GM reach tentative contract agreement, mirroring Ford deal https://www.benefitscanada.com/pensions/defined-benefit-pensions/canadian-auto-workers-gm-reach-tentative-contract-agreement-mirroring-ford-deal/ Wed, 11 Oct 2023 13:00:56 +0000 https://www.benefitscanada.com/?p=145082 General Motors and the union representing Canadian auto workers reached a tentative contract agreement Tuesday, ending a strike that began just after midnight. About 4,300 striking workers at two GM factories and a parts warehouse returned to work Tuesday afternoon and will vote on the three-year deal later. The tentative agreement with GM follows the pattern […]

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]]> 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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]]> How recent Canada Labour Code updates are impacting federally regulated employers https://www.benefitscanada.com/human-resources/hr-law/how-recent-canada-labour-code-updates-are-impacting-federally-regulated-employers/ Wed, 23 Aug 2023 13:00:48 +0000 https://www.benefitscanada.com/?p=142459 There have been several changes to the Canada Labour Code in recent months. Here’s an overview of what’s happened and what’s on the horizon for employers under federal labour jurisdiction. New employer obligations As of July 9, 2023, federally regulated employers must reimburse employees for reasonable work-related expenses. When determining whether an expense is related […]

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]]> CUPE, Memorial University agreement includes fertility treatment clause, gender transition policy https://www.benefitscanada.com/benefits/health-benefits/cupe-memorial-university-agreement-includes-fertility-treatment-clause-gender-transition-policy/ Mon, 31 Jul 2023 13:00:50 +0000 https://www.benefitscanada.com/?p=141438 The Canadian Union of Public Employees Local 4554 at Memorial University and the university’s students’ union are ratifying a new four-year collective agreement that includes improvements to employees’ benefits and pay. The agreement includes a new fertility treatment clause that provides time off and financial support for employees seeking treatment, since there’s a lack of fertility […]

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