An opinion piece on how certain aspects of the Quebec government’s rules and constraints on private drug plans affect pharmacy costs was the most-read story on BenefitsCanada.com this past week. 1. Sounding Board: Why do Quebec’s private drug plans pay higher pharmacy fees? 2. Custodial, maintenance workers at TMU striking over pension contribution increase 3. Half of Canadian benefits providers […]
McCarthy Tétrault LLP is appointing Susan Nickerson as partner and head of its pensions, benefits and executive compensation group. Prior to joining McCarthy Tétrault, she was a partner in Torys LLP’s pension and employee benefits law division for nearly 10 years. She’s also a past chair of the Association of Canadian Pension Management and its […]
Schneider Electric’s senior compensation and benefits leader talks about adapting benefits to flex work, artificial intelligence and time spent gardening. Q: What top challenges do you face in your role? A: Labour market trends over the last two years have had a pronounced impact on expectations around rewards, leading to a greater emphasis on staying […]
Companies that back up talk about investing in employees with action are associated with a four per cent higher return on invested capital, according to a global report by the CPP Investments Insights Institute, FCLTGlobal and the University of Pennsylvania’s Wharton School. The report, which analyzed year-end data for roughly 2,900 companies in the MSCI all […]
While more than two-thirds (69 per cent) of employers say the macroeconomic environment is negatively impacting recruitment, three-quarters (74 per cent) say it hasn’t reduced the importance of diversity, equity and inclusion in the hiring process, according to a new report by LinkedIn. The report analyzed data from millions of LinkedIn members, as well as survey responses from more […]
Arthur J. Gallagher & Co. has completed its acquisition of BCHR Holdings — also known as Buck — for US$660 million. Through the agreement, Gallagher will expand its retirement, benefits and human resources consulting services in Canada, the U.S. and the U.K., according to a press release. Buck’s team of 2,300 employees will operate under the direction […]
Although a majority (83 per cent) of U.S. employers say their employees are satisfied with their current benefits offerings, fewer than two-thirds (61 per cent) of workers agree, according to a new survey by MetLife Inc. The survey, which polled more than 2,800 employers and more than 2,800 full-time employees, found the No. 1 reason […]
The Alberta Investment Management Corp. is adjusting its parental leave and flexible working policies to make them more equitable for women employees. Earlier this year, the AIMCo changed its corporate incentive plan, to no longer prorate performance pay during the supplemental employment benefits period for parental and maternity leave. Prior to the change, employees who took […]
MVF is supporting its multinational workforce amid rising inflation with a new cost-of-living benefit. The U.K.-based marketing company introduced the new benefit last October, after an employee pulse survey revealed the most helpful financial support would be cash lump sums to help pay for big bills such as rent and utilities, said Hannah Meredith, the […]
Ten former National Football League players have filed a class action lawsuit against the organization, claiming their disability claims were denied. In the filing, the plaintiffs said they’re “seeking redress for the wrongful denial of benefits, the denial of statutorily mandated full and fair review of benefits denials, violations of plan terms or governing regulations and […]