While two-fifths (42 per cent) of U.S. employees believe the culture at their workplace has improved over the past two years, 23 per cent believe it has declined, according to a survey by software company Quantum Workplace. The survey, which polled more than 32,000 employees, found 35 per cent said the culture at their workplace has […]
The percentage of Canadians who worked exclusively from home decreased from 24 per cent in January 2022 to 19 per cent in April, while just six per cent said they’re in a hybrid work arrangement, according to a survey by Statistics Canada. The survey, which polled 49,000 working Canadians, found nine in 10 (88 per cent) […]
Contract food services and custodial workers at Canada’s colleges and universities have less access to pensions and paid leave than their in-house colleagues, according to a new report by the Canadian Union of Public Employees. The report, which analyzed employment data from publicly funded post-secondary institutions, found only 23 per cent of contract food services employers […]
Three-quarters (74 per cent) of employees with flexible schedules are working more hours than they were pre-pandemic, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 500 employees, found 60 per cent of all respondents are putting in 40 or more hours a week. Almost half (45 per […]
Diversified pooled fund managers saw median losses of 4.1 per cent in the first quarter of 2022, according to LifeWorks Inc.’s performance universe. While Canadian equities increased 3.8 per cent on the S&P/TSX composite index, the median return for Canadian equity managers was just three per cent. Significant losses were seen in the U.S., with the […]
The Ontario Teachers’ Pension Plan is entering a joint venture to develop offshore wind projects. In a deal reached with Corio Generation Ltd., the Ontario Teachers’ will receive a 50 per cent stake in the joint venture in exchange for a US$1 billion investment. The funds will be used to develop 14 fixed bottom and floating […]
The Canadian Imperial Bank of Commerce is adding gender affirmation coverage to its benefits program and enhancing existing offerings such as paid parental leave and fertility treatments. The gender affirmation benefit will cover specific gender transition surgeries and procedures not covered by provincial programs to an annual maximum of $10,000 and a lifetime maximum of $25,000, according to […]
A third (33 per cent) of recently retired Canadians said they retired sooner than they planned and 30 per cent of pre-retirees intend to change their retirement date because of the coronavirus pandemic, according to a new survey by RBC Insurance. It found Canadians are still largely relying on traditional retirement savings tools, such as […]
Roughly two-fifths (37 per cent) of U.S. employers are increasing the quality of their existing benefits offerings to help with employee retention and attraction efforts, according to a survey by Principal Financial Services Inc. The survey, which polled 500 employers and 200 employees, found the top three enhanced benefits are short- and long-term disability insurance, […]
Canada’s institutional investors saw assets decline by 4.61 per cent in the first quarter of 2022, according to the BNY Mellon Canadian master trust universe. With respect to non-traditional asset classes, real estate delivered the highest performance, with a quarterly median return of 4.65 per cent. Among traditional asset classes, Canadian equities performed best. During the […]