The majority (82 per cent) of global employers are planning to conduct a gender pay or pay equity review in the next three years, according to a new survey by Willis Towers Watson. The survey, which polled almost 2,000 global employers, including 88 Canadian employers, found 57 per cent indicated that fair pay is a priority for the next three […]
The job of a pension consultant has evolved considerably over Bita Jenab’s 30-year career in the field. The mid-1990s saw a greater focus on governance and the arrival of the investment consultant, while the 2000s featured a mass move to defined contribution plans and significant changes to pension legislation. Through all of that, plan sponsors […]
'Select' will target employers that currently don’t have a DB plan.
The Alberta government is bringing excessive salaries for the province’s post-secondary presidents in line with the national average, eliminating perks and setting guidelines for health and retirement benefits under a new compensation framework. Coming in April 15, this is the latest step in the government’s agencies, boards and commissions review, which is aiming to save the government about $33 million […]
While the government didn’t denote any dollar amount to support its efforts to promote gender pay equity, the 2018 federal budget did state that legislation would be forthcoming to improve the situations for women in Canada who work in federally regulated workplaces. The budget, announced Tuesday, illustrated the gender wage gap in two ways: in terms of yearly median […]
Canadians put a big emphasis on vacation time and paid time off when considering a job offer, according to a survey by Accountemps. The staffing firm’s survey asked more than 550 Canadian workers what they consider to be the most important factor, besides salary, when fielding a job offer. Overall, 26 per cent of respondents said vacation or […]
A new group has emerged to oppose the Canadian Life and Health Insurance Association’s new guideline around disclosing compensation paid to intermediaries in group benefits and group retirement services. The National Coalition of Benefit Advisors has taken shape over the past six weeks, according to Robert Taylor, managing director of Vancouver-based TRG Group Benefits & Pensions […]
Advisors are making it clear they want to be a part of the conversation as the Canadian Life and Health Insurance Association develops its new compensation disclosure guideline. “That is an important reason for why we took the immediate step of pushing back the implementation starting date to Jan. 1, 2019, so as to allow for sufficient […]
Canadian companies are projecting a 2.5 per cent increase to salary budgets in 2018, according to a new report from Accompass Inc. However, the level of generosity depends on the size of the company. “Bigger is not better in this situation,” said Anne Peiris, vice-president of compensation at Accompass during a presentation of the survey results at the Toronto Board […]
Canadian employees can expect another modest pay increase in 2018, according to a new survey by Willis Towers Watson. The survey, which polled more than 300 Canadian employers, found the vast majority (94 per cent) are projecting base salary increases for some or all employee groups in 2018, up slightly from 90 per cent in […]