As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations are slowly taking a more prominent role in pension funds’ risk assessments. In particular, Canadian pension funds are taking a progressive approach to ESG investing. Many have become signatories of […]
Employees working from home during the worst part of the coronavirus pandemic were younger, more diverse and better educated, according to a new report from the U.S. Census Bureau. In many respects, the demographic makeup of people working from home between 2019 and 2021 became more like workers who were commuting, while the share of […]
The TD Bank Group is expanding its talent pool through partnerships that tap into the Black Professionals in Tech Network and FDM Group Inc.’s returnship program for technology workers. When the bank was looking to hire more engineers in 2022, it tapped the BPTN to create a recruitment and training program specifically tailored to its […]
Even before the coronavirus pandemic, employers were predicting challenges around meeting the demands of unfilled roles in the skilled trades. For the last decade, the trades workforce has been gradually ageing out. Now, tradespeople are retiring at unprecedented rates and it isn’t slowing down. While businesses in the sector have traditionally attracted employees with certain […]
U.S. employers are increasingly posting salary ranges for job openings, even in states where it’s not required by law, according to analysts with several major job search websites. Following new legislation in California, Colorado, New York City, Washington and elsewhere, employers across the country are becoming more transparent about pay in order to stay competitive […]
Enbridge Inc. is making steady progress on workforce representation goals that it established after signing the BlackNorth Initiative pledge in 2020. Since then, the energy company has increased workforce representation of specific ethnic and racial groups to 23 per cent, towards a goal of 28 per cent by 2025. It’s also aiming to increase board […]
An article on how employers can close the pension gap among BIPOC employees was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers can leverage choice, education to help close pension gap among BIPOC workers 2. Ontario biosimilars policy could cut drug costs for plan […]
Employers can leverage choice and financial education to help close the retirement gap among the Black, Indigenous and people of colour community, says Janice Holman, a principal at Eckler Ltd. A 2021 study by the Canadian Centre for Policy Alternatives, which analyzed data from the 2016 census, found racialized seniors were most reliant on public […]
The Ontario Teachers’ Pension Plan is setting higher expectations for increased participation of women in board roles at large-cap companies in 2023. The pension fund’s proxy voting guidelines advocate for large-cap companies on developed market indices to increase the number of women directors on their boards to a minimum of 40 per cent, up from […]
Employees who feel like they don’t belong at their workplace are 59 per cent more likely to consider quitting their job due to mental-health concerns, according to a new survey by LifeSpeak Inc. The survey, which polled 1,000 employees and 1,000 human resources professionals, found nearly two-thirds (61 per cent) of employees who reported a […]