The new first home savings account may work better in conjunction with a group registered retirement savings plan or group tax-free savings account rather than as a stand-alone product, says Eric Monteiro, senior vice-president of group retirement services at Sun Life Financial Inc. “The [FHSA] limit is kind of low — it’s a $40,000 lifetime maximum […]
Just like professional athletes, employees have to balance high performance with periods of rest. To this end, Shopify Inc. introduced its Intermission program in 2018 to ensure workers aren’t burning out. “We must feed our mind and body with good input to achieve good output,” says Kelly Dawson, the organization’s global lead for wellness and […]
When Richard Manley, chief sustainability officer at the Canada Pension Plan Investment Board, joined the organization as managing director and head of sustainable investing in 2019, global financial markets were slowly dialling up the focus and integration of environmental, social and governance factors into investment strategies. Over the last three years — amid the ongoing […]
Schneider Electric’s senior compensation and benefits leader talks about adapting benefits to flex work, artificial intelligence and time spent gardening. Q: What top challenges do you face in your role? A: Labour market trends over the last two years have had a pronounced impact on expectations around rewards, leading to a greater emphasis on staying […]
Two-fifths (40 per cent) of Canadian workers say they aren’t fairly paid in their current role, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 employees, found while a higher salary is the No. 1 reason (62 per cent) employees are searching for a new job, workers […]
By focusing on cancer as part of a wider chronic disease management strategy, employers can support employee health while reducing benefits costs, said Chris Bonnett, founder and principal at H3 Consulting, during a webinar hosted by the Canadian Pension and Benefits Institute. While long-term disability plans pay out, on average, $3,500 per month, cancer patients […]
American Express Canada is providing a daily meal stipend and refreshments to employees who are working onsite. With most employees in a hybrid or remote working arrangement, these perks help recreate the work-from-home experience in the office and support employee financial well-being by reducing costs, says Annette Kingsley, AmEx Canada’s vice-president of colleague experience. Employees receive […]
While three-quarters (74 per cent) of global employers say the purpose of their internal communications strategy is to shape workplace culture and create a sense of belonging, only 56 per cent believe their employees understand their organization’s strategy, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than […]
British Columbia is introducing pay transparency legislation to help close the province’s gender pay gap. Once the legislation is passed on Nov. 1, 2023, all B.C. employers will be required to include wage or salary ranges on all publicly advertised jobs. Employers will also be required to publicly post reports on their gender pay gap, […]
As the coronavirus pandemic enters its fourth year, it’s perhaps unsurprising that the health crisis has taken its toll on employee mental health. Scotiabank saw a notable rise in claims for mental-health drugs in 2022, says Ayman Alvi, the bank’s vice-president of global pension and benefits, noting the increased use of these medications aligns with […]