I’m sitting down to write this on the hottest day so far in 2023. Environment Canada has issued a multi-day heat warning in my region — today, it’s 31 degrees Celsius but feels closer to 40, the humidity is 70 per cent, pressure is 101.3 kilopascal and the UV index is seven. This is the […]
With Canadians’ financial priorities shifting alongside a turbulent economic climate, including inflation levels not seen in decades and a never-ending rise in the cost of living, it isn’t surprising capital accumulation plan members’ commitment to retirement savings is taking a hit. Benefits Canada’s 2023 CAP Member Survey found just 41 per cent of respondents rated […]
Three-quarters (76 per cent) of U.K. employers think it’s important to retain employees over age 50, with almost a third (32 per cent) saying it’s very important, according to a new survey by Aviva. It also found 10 per cent of employers have introduced support over the last year for retaining employees aged 50 or […]
High inflation and interest rates are having a real impact on people’s finances, according to Benefits Canada‘s 2023 CAP Member Survey, which found 76 per cent of capital accumulation plan members say inflation is negatively impacting their financial situation, while 59 per cent say the same about interest rates. For many people, the day-to-day cost […]
Three-quarters (75 per cent) of Canadian adults aged 55 to 64 have $100,000 or less in savings and 44 per cent have less than $5,000, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found 44 per cent haven’t set aside any money for retirement […]
With many stressors weighing on employees amid the current economic climate, it’s important for employers to recognize the ‘rage applying’ trend is rooted in workplace mental-health issues, says Paula Allen, global leader of research and client insights at Telus Health. Employees’ hypersensitivity to stress can present itself through interpersonal communications, including expressions of anger and […]
There’s never a drought of challenges for employers and 2023 is proving no different. Today, they’re facing inflation, labour shortages, competition for hiring, high turnover and employee burnout, to name just a few. That’s why it’s no surprise the ball is firmly in employees’ courts. Alongside the interminable rise in the cost of living and […]
As Canadians deal with an uncertain labour market, a public relations professional, who sought out a new job, and a marketing professional, who stayed with her employer, reflect on whether it’s better to stick it out at your current job or find a new one. Aaliyah Corbin, account coordinator at Media Profile A lot of […]
More than half (58 per cent) of U.S. employees say they’re significantly worried about one or more aspects of their personal finances, including saving for retirement and building emergency savings, according to a new survey by John Hancock Financial. In addition, with the market declines across asset classes in 2022, 70 per cent of survey respondents […]
Custodial and maintenance workers at Toronto Metropolitan University represented by the Canadian Union of Public Employees are striking after university administration failed to address the rising cost of living and issues with increased employee contributions to the defined benefit pension plan during negotiations. In 2021, the university unilaterally imposed an increase in pension contributions on […]