Roughly two-thirds (65 per cent) of Canadians are seriously considering leaving their job because of issues such as compensation, declining job satisfaction and overall well-being, according to a new survey by Hays Specialist Recruitment Canada Inc. The survey, based on responses from more than 4,200 employers and employees, found roughly 40 per cent of employers […]
All fully-vaccinated office-based employees with the City of Toronto are set to be back in the workplace, at least some of the time, starting on Jan. 4, 2022. In a press release, the city said, as of Nov. 30, each of its office buildings will be open to the maximum occupancy possible, based on physical […]
The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In a press release, the OMERS said its path to net zero will be informed by the annual calculation and public disclosure of its total portfolio carbon footprint. The release also […]
Nordstrom Inc. is ramping up its hiring efforts this holiday season by offering new employees up to $650 in incentive pay. As the busy holiday shopping season kicks off, the retailer, which operates 13 stores across Canada, is hiring seasonal and regular workers at its Nordstrom and Nordstrom Rack stores. In addition to a hiring bonus, hourly and overnight store […]
Nearly two-thirds (63 per cent) of U.S. employees said they lack full confidence that their organization’s post-coronavirus pandemic workplace strategy is the right decision for employees, a 17 percentage point rise from findings in April 2021, according to a survey by people analytics software provider Humanyze. Indeed, the survey found more than half (53 per […]
The British Columbia Investment Management Corp. is updating its code of ethics and personal conduct to include a section outlining its expectations from employees around diversity, equity and inclusion-related issues. Following a review of the 2018 version of the code earlier this year, the BCI’s board put forward recommendations and a new version was published […]
With 10 million Canadian baby boomers entering retirement, dynamic pension pools could help seniors turn their accumulated savings into low-cost lifetime pension income, according to a new report by Ryerson University’s National Institute on Ageing and the Global Risk Institute. According to the report, dynamic pension pools can help Canadians optimize their expected lifetime retirement […]
The Financial Services Regulatory Authority of Ontario is clarifying its guidance on the administration of pension benefits upon marriage breakdown. The final guidance, which came into effect on Nov. 9, 2021, clarifies the FSRA’s position on issues relating to valuation, payment and division and survivor benefits. It stated pension assets are to be valued based on […]
Prescription drug costs for public drug plans rose to $12.5 billion in 2019/20, a 3.7 per cent rise in spending since 2017/18, driven primarily by increases in the use of higher-cost drugs, according to a report by the Patented Medicine Prices Review Board. The report, which reviewed data from the National Prescription Drug Utilization Information […]
The Investment Management Corp. of Ontario is joining the growing list of asset owners committing to reaching net-zero alignment in their investment portfolios by 2050 through joining the Paris Aligned Investment Initiative. “We are committed to playing our part in the design of a new financial system that can secure a net-zero future for the world […]