Large employers in the U.K. are taking action to help employees in the face of the continuing cost-of-living challenges, according to a new survey by PricewaterhouseCoopers. The top ways employers are intervening to help with rising inflation include focused pay increases for essential workers (53 per cent), additional pay reviews (51 per cent) and one-off […]
Conversations about ‘Quiet Quitting’ are everywhere these days and one expert says it’s a “profound opportunity” for Canadian companies to get it right with employees and improve the work landscape for the future. Melissa Nightingale, co-founder of management training firm Raw Signal Group, says smart organizations will take this moment to try to understand current […]
Rothmans, Benson & Hedges Inc. is highlighting its focus on employee well-being, diversity, equity and inclusion in its annual sustainability report. The report shares the company’s vision and strategies across four pillars including ‘Caring for People.’ For example, after quarterly employee surveys on a wide variety of topics, RBH measures and shares the feedback to […]
An article on the Royal Bank of Canada’s plans for returning employees to the office was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. RBC employees returning to in-office working to foster creativity, collaboration 2. CPPIB backing of grain exporter provides Russia propaganda victory: expert […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is announcing the results of a pilot project incorporating a new energy-saving technology at two malls within its portfolio. Developed by Turntide Technologies, a company in which the Caisse invests, the proprietary technology reduces the energy use of older electrical […]
A resolution passed by the trustees of the Florida State Board of Administration with the approval of Governor Ron DeSantis is barring state pension fund managers from making fiduciary decisions based on environmental, social and governance criteria. “As used in this section, ‘pecuniary factor’ means a factor that the board prudently determines is expected to […]
Proposed amendments to U.K. pension regulations could lead to the extinction of smaller defined benefit plans within 15 years, according to Charles Cowling, chief actuary at Mercer. “The potential impact of these new regulations would be significant and dramatic,” he said in a press release. “The draft proposals would force the sale of £500 billion […]
Nasdaq Inc. is appointing Bronwyn Ott as global head of well-being and benefits strategy. For the past three years, Ott was the senior vice-president of human resources at CloudMD. Previously, she was benefits, well-being, equity, diversity and inclusion leader at Unilever Canada; senior manager of benefits and global wellness strategy at Scotiabank; healthy workplace specialist […]
The Department of Finance’s proposals relating to the Income Tax Act, sales tax and other legislation adds complexity where compliance is already extremely challenging for pension plan administrators, according to Greg Hurst, managing director of Greg Hurst & Associates. In the legislative proposals, published earlier this month, the government released explanatory notes in relation to […]
Average benefits costs for U.S. employers will increase 6.5 per cent — or more than $13,800 per employee — in 2023, according to a new report by Aon. This projection is more than double the three per cent increase to health-care budgets from 2021 to 2022, but below the 9.1 inflation figure reported through the consumer price […]