Red Deer, Alta.-based Riverview Insurance Solutions is merging with Sterling Capital Brokers Ltd., an independent benefits consulting firm based in Toronto. Sterling Capital was founded in 2014 and specializes in servicing small-to-medium size employers. Founded in 2015, Riverview Insurance oversees benefits consulting for more than 200 employers in Alberta. The move expands Sterling Capital’s presence into […]
More than 470 employees at a Nestlé Canada plant in Toronto are on strike after Unifor Local 252 and the company failed to reach an agreement on May 1. The main sticking points include making temporary workers permanent — with access to Nestlé’s benefits and defined contribution pension plan — and increasing the employer-sponsored amount […]
A majority of Canadians with life insurance are relying solely on the coverage provided by their employer’s benefits plan, according to a new survey by life insurance provider PolicyMe Corp. The survey found 62 per cent of Canadians with life insurance said they have a policy through their employer and, among those, more than half […]
To support employees through the many personal and professional challenges of the ongoing coronavirus pandemic, LinkedIn Corp. recently provided its global workforce with a week off to rest, recharge or have some fun. “The world is confronting unprecedented challenges, but as leaders, we have a unique opportunity to build more connection and engagement across communities,” […]
In the wake of upheaval in 2020 caused by the coronavirus pandemic and racially charged events in the U.S. that ignited a year of social justice unrest across the globe, Twitter Inc. implemented its #DaysofRest additional paid-time-off initiative to support its employees amid the turmoil. Employees were disheartened and emotionally exhausted by events in the […]
People Corp. is acquiring British Columbia-based Benefits by Design Inc. Benefits by Design is a benefits provider focused on the small-to-medium-sized segment of the Canadian market, specializing in designing, implementing and maintaining employee benefit solutions for their clients, according to a press release. In December, People Corp. was acquired by Goldman Sachs Group Inc.’s merchant […]
Manulife Financial Corp. is making Phzio Canada’s virtual physiotherapy platform available to its plan members, noted a press release. Approximately one in five employees will experience a musculoskeletal condition annually that impacts their ability to perform in the workplace, resulting in an increased need for treatment programs, accommodations and time away from work, said the […]
In recognition of its employees’ efforts during the ongoing coronavirus pandemic, Volkswagen and Germany’s largest industrial union have agreed on a 23-month wage deal that provides a €1,000-euro bonus (approximately $1,501.37 in Canadian dollars), as well as a 2.3 per cent wage increase that will take effect in January 2022. The deal covers 120,000 workers at […]
Penad Pension Services Ltd. is acquiring Ontario-based SeclonLogic Inc., a defined benefit pension plan and group benefits administration software solutions company. “I am confident that this transaction will leverage the products and services of the combined firm to the benefit of our clients and partners,” said Matthew Price, president of the Penad Group of Companies, in […]
Sobeys Inc. is reinstating a lockdown bonus for employees in areas with renewed stay-at-home orders, said a statement by the grocery retailer, which also noted the pay bump is “the right thing to do.” “When regions and cities enter government-mandated lockdowns that close all non-essential retail, we continue to live up to our commitments and […]