In recognition of its diverse workforce, the British Columbia Lottery Corp. is allowing employees to substitute up to six statutory holidays in a calendar year for other personal, cultural or religious days of significance to them. “The program is part of our overall inclusiveness and belonging culture,” says Madhavee Inamdar, the BCLC’s manager of diversity, […]
Discouraged with the state of the current economy, more and more younger workers are abandoning saving for retirement and focusing on ‘soft saving.’ Soft saving is when employees, many of whom started their careers later than previous generations, decide to take a more laid-back approach to saving for the future, rather than adopt the FIRE concept — […]
A new federal tax exemption for employee ownership trusts could spur retiring business owners to sell their companies to workers, says Jon Shell, managing director of Social Capital Partners. The federal government’s 2023 budget introduced tax rules to facilitate the creation of EOTs, but the legislation was criticized by experts for its lack of incentives […]
When tall poppy syndrome is left to manifest in the workplace, it can have an adverse effect on an organization’s culture and lead to issues with employee mental health and productivity, said Rumeet Billan, a leadership, emotional resilience and mental-health expert, during the keynote session at Benefits Canada‘s 2023 Healthy Outcomes Conference in October. She cautioned […]
During Financial Literacy Month, the Royal Bank of Canada is supporting employees’ financial wellness through a new website that provides financial education and support. The My Money Matters website contains more than 1,000 articles on financial well-being and was designed to de-stigmatize conversations about money, says Elvis Wong, the bank’s director of financial well-being. “We […]
The Bank of Montreal is extending paid leave benefits to employees who are reservists with the Canadian Armed Forces. These employees will receive up to eight weeks of paid leave top-up of their earnings while they’re away for military training and 52 weeks of paid leave top-up to their earnings if they’re on domestic or […]
Fidelity Canada’s flexible return-to-office rollout landed the company a win in the Future of Work Strategy category at Benefits Canada’s 2023 Workplace Benefits Awards. In September 2022, the organization launched its future-of-work program, which classifies each employee’s role as either hybrid, remote or in person. Indeed, 87 per cent of roles at Fidelity are classified as […]
Telus Communications Inc.’s proactive approach to fostering employee mental health led to its win in the Mental-health program category for companies with more than 1,000 employees at Benefits Canada‘s 2023 Workplace Benefits Awards on Oct. 20. The organization’s winning strategy includes a commitment statement, signed by its leadership team, affirming that a psychologically safe and healthy […]
BNP Paribas in Canada’s extensive efforts to embed diversity, equity and inclusion policies into its business practices took home the award in the DEI program category at Benefits Canada’s 2023 Workplace Benefits Awards on Oct. 20. “It’s an honour to have been recognized by Benefits Canada and we are thrilled!” says Stéphanie Champagne, BNP Paribas’ head […]
Canadians could see a regime change in the next federal election if the current housing crisis holds tight, according to Chantal Hébert, political commentator, journalist, columnist and author, during the keynote session at the Canadian Investment Review’s 2023 Risk Management Conference. While health care and inflation are major concerns for Canadians, the one issue that keeps coming to the forefront […]