The majority of U.S. employers say recruiting talent (67 per cent) and retaining talent (64 per cent) are their top priorities, according to a new survey by CBIZ Inc. The survey, which polled more than 850 U.S. employers, found the next most important priority was controlling employee medical costs (49 per cent), with these cost-containment […]
The Healthcare of Ontario Pension Plan is reporting an annual return of negative 8.6 per cent for 2022, citing declines in equities and fixed income markets. The HOOPP finished the year with net assets of $103.7 billion and, despite the economic challenges, maintained a funded status of 117 per cent. Its fixed income portfolio generated […]
Roughly a fifth (19 per cent) of employees aged 55 and older say they’ve experienced deliberate exclusion in the workplace, according to a new survey by CareerWallet. By comparison, it found just 10 per cent of employees aged 25 and younger said they’ve experienced exclusionary behaviour at work. In addition, nearly a third (32 per […]
The Ontario Municipal Employees’ Retirement System is reinvesting in a U.K.-based online mental health-care company. The OMERS participated in a funding round that raised £20 million (about $33 million) for HelloSelf, which connects patients with psychologists and therapists through an online platform. In 2021, the OMERS invested £5.5 million (about $9.1 million) and served as […]
To bolster Alaska’s public sector, a bipartisan effort is underway to relaunch the state’s pensions as defined benefit plans. “I’m carrying this bill on behalf of thousands of state employees who have worked for more than a decade to refine it,” said Cathy Giessel, leader of the state senate’s Republican majority during her introduction of […]
The Association of Canadian Pension Management is encouraging the Canadian Association of Pension Supervisory Authorities to prioritize decumulation in its draft 2023-2026 strategic plan. In an open letter to the CAPSA, the ACPM recommended the strategic plan address all potential decumulation income sources beyond defined contribution pension assets, noting that, while a focus on these […]
The vast majority (91 per cent) of Canadian human resources leaders say they use hybrid work to recruit new talent, with 81 per cent saying it’s a “very to extremely effective” recruiting tool, according to a new survey by IWG. The survey, which polled more than 250 Canadian HR leaders, found prior to 2020, only […]
More than half (51 per cent) of U.S. workers say there’s a gender pay gap in their workplaces, up 121 per cent since 2019, according to a new survey by software company Beqom. The survey, which polled 1,000 U.S. employees and 1,000 U.K. employees, found roughly a third of U.S. (35 per cent) and U.K. (31 […]
The Ontario Teachers’ Pension Plan is reporting a total fund net return of four per cent for 2022, driven by strong returns from private equity and inflation-sensitive asset classes. The pension fund exceeded its benchmark of 2.3 per cent, according to a press release announcing its annual results. Its inflation-sensitive asset portfolio — including commodities […]
The Canada Pension Plan Investment Board is jointly acquiring an experience management software provider. The CPPIB and Silver Lake, a private equity firm, will acquire all outstanding shares in Qualtrics for US$12.5 billion. Under the terms of the agreement, existing shareholders will receive US$18.15 for each share sold. Qualtrics is known for its cloud-based subscription […]