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 […]
Two groups that represent injured workers in Ontario and a former Ottawa employee have launched legal proceedings against the Workplace Safety & Insurance Board and the provincial government over the treatment of chronic mental stress claims. The application, filed by the Ontario Network of Injured Worker Groups, Injured Workers Consultants and Margery Wardle on June […]
Put off by what they see as exorbitant pay for Mylan executives, some big pension funds are attempting to block the re-election of a number of board members, including chairman and former chief executive officer Robert Coury, who received $100 million last year. The New York City and New York State comptrollers both signed a […]
In 2010, David Styles moved to Alberta from Ontario to work as vice-president of relationship investments for the Alberta Investment Management Corp. While the decision to uproot his life wasn’t easy, Styles says the opportunity to earn a sizeable compensation, if he performed well, was a big draw. The majority would come from AIMCo’s long-term […]
When should a candidate for a job ask about benefits and compensation? It’s a key question many companies and human resource professionals are asking following a high-profile case of an applicant who lost out on a second interview after she asked about benefits and compensation. On March 12, the applicant, Taylor Byrnes, tweeted a screenshot […]
Canada's biggest banks hand out big raises
Amid the sluggish economy, Canadian employers remain cautious, planning only moderate base salary increases next year, The Conference Board of Canada projects. Average increases for non-unionized workers will likely be 2.6%. Read: Unemployment inches up to 7.1% in September The lowest average increases for non-unionized employees are expected in British Columbia (2.3%) and Alberta (2.4%). […]
Companies in Canada's energy sector are evaluating a wide-range of pay and workforce options as a result of the continued decline in energy prices, a survey finds.