As Canadian employees face rising inflation and interest rates, C.F. Crozier & Associates Inc. is helping ease employees’ financial worries by offering benefits that appeal to staff at every stage of their lives. The time employees spend at work is just one stop along their personal and professional growth journey, says Nick Mocan, president of Crozier. […]
Women in the U.S. with newly-minted bachelor’s degrees earn an average of US$52,266, compared to $64,022 earned by their male peers, according to a new study by the National Association of Colleges and Employers. The gender pay gap at the beginning of women’s careers mirrors the overall pay gap nationally, with the U.S. Bureau of Labor […]
A Federal Court of Appeal ruling will make it very difficult for executives and employees to treat share transfers from their companies as capital gains rather than income. The decision involved Kitchener, Ont.-based D2L Corp., whose intention was to distribute appreciated shares of the company, held in a trust, to various employees. In turn, the […]
The union representing employees at a Loblaw Co. Ltd. distribution centre in Ajax, Ont. has ratified a new four-year contract that will increase employer contributions to a group registered retirement savings plan. For workers with five or more years of service, the employer’s RRSP contribution match will increase to five per cent from 3.5 per […]
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 […]
As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts. In October, the Canadian inflation rate increased year over year by a record 4.7 per cent, the largest increase since February 2003, according to Statistics Canada. The Bank of Canada […]
Roughly two-thirds (63 per cent) of women said the shift toward gender equality in the workplace isn’t taking place fast enough and, despite more societal awareness, they still aren’t being offered the same opportunities as men, according to a new survey by Randstad Canada. The survey, which polled more than 1,000 working Canadian women, found […]
The Ontario Court of Appeal has overturned a Superior Court decision that allowed an employee to receive his stock option awards throughout his 24 months of reasonable notice on the grounds that the employer had failed to provide adequate notice of termination. “The decision gives important guidance to employers about what will be appropriate in […]
Almost half (46 per cent) of small businesses that are currently experiencing hiring difficulties have increased wages, while 27 per cent have increased benefits and 19 per cent have introduced a shorter work week, according to a new survey by Maru Public Opinion for ADP Canada Co. It found while 79 per cent of small […]
More than four in 10 (43 per cent) employers have implemented, started to implement or are considering climate metrics for their executive incentive plans, while another 27 per cent may consider these in the future, according to a new survey by Willis Towers Watson. The survey, which polled more than 90 North American companies, found nearly half […]