Human resources professionals are facing a range of complex challenges since the global pandemic began, according to a new survey by ADP Canada Co. The majority (61 per cent) of HR professionals said their roles have become more difficult since mid-March. In particular, the pandemic has led to unique challenges for HR teams, with top issues including: protecting the health […]
The Financial Services Regulatory Authority of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their organization’s cash flow during the coronavirus pandemic while providing safeguards for funding plan member benefits. Eligible private sector employers will be able to defer up to six months of […]
Three-quarters (76 per cent) of Canadian business leaders say the Canada Emergency Wage Subsidy is a good investment to help the economy rebound and get Canadians back to work, according to a new survey by KPMG in Canada. The same amount said they’ve relied on funds from the wage subsidy to keep employees on payroll and more […]
A majority (79 per cent) of institutional investors see a global economic slowdown as the top threat to their portfolios in the next 12 months, according to a new survey by Schroders. Prompted by coronavirus-related concerns, it’s a big jump from the 49 per cent of respondents that said the same in 2019. Those concerns are also […]
The coronavirus pandemic is highlighting many trends in group retirement and investment programs, pushing the industry to be flexible and quick with some of the newer offerings. As plan sponsors review their group retirement plans in the coming months, they may want to consider some, or all, of these four trends. 1. Financial wellness becoming a must. […]
The government of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their organization’s cash flow during the coronavirus pandemic while providing safeguards for funding plan member benefits. The province has amended its Pension Benefits Act to allow for the temporary deferral of contributions, while the Financial Services […]
While 62 per cent of working Canadians said they’re able to save more than five per cent of their paycheque in 2020, compared to 59 per cent in 2019, more are financially stressed than in previous years, according to a new survey by the Canadian Payroll Association. The survey, along with an analysis of its […]
U.S. employers are planning to maintain core health benefits but are exploring other changes to preserve jobs and manage expenses, according to new a new survey by Arthur J. Gallagher & Co. The survey, which looked at data from nearly 4,000 employers over several months, found close to half have planned salary freezes for management and executives (43 per cent) and non-management […]
The past few months have upended the traditional workplace, but whether remote working remains the norm is still up for debate. Robby Kwok, senior vice-president of people at Slack Technologies Inc. We’re never going back to the old way. The last few months have demonstrated that it’s possible for teams to thrive in a distributed […]
The coronavirus pandemic has altered the landscape of Canadian workplaces. Now, more than ever, communication and compassion are imperative for employees to feel secure and supported by their employers. Before the pandemic arrived in Canada, Hyundai Auto Canada Corp. accelerated its emphasis on mental wellness in January 2020 by tripling its mental-health coverage (from an […]