ESOP – Benefits Canada.com

U.S. government launching initiative to encourage more employee ownership

lbailey — Wed, 26 Jul 2023 13:00:47 +0000

The U.S. Department of Labor is launching an employee ownership initiative to encourage more employers and employees to take advantage of these opportunities. The new initiative will fall under part of the SECURE 2.0 Act — which was passed by Congress in 2022 — and aims to empower workers through ownership arrangements and educate them […]

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Caary Capital using flexible work, ESOP to help attract, retain employees

Sadie Janes — Tue, 23 Aug 2022 13:00:44 +0000

Since Caary Capital Ltd. was founded during the coronavirus pandemic, it had to adapt quickly to the unpredictable hiring market using techniques like flexible working arrangements and an employee stock ownership plan to help attract and retain employees. “We’re a child of the pandemic so for us it was just a matter of getting used […]

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2022 DC Plan Summit: How Scotiabank connects financial wellness to overall well-being

Jennifer Paterson — Fri, 12 Aug 2022 12:51:38 +0000

During a session at Benefits Canada‘s 2022 DC Plan Summit, Simon Cabral, Scotiabank’s director of global defined contribution plans, shared how the organization ties employees’ financial wellness into their broader well-being. A few years ago, the bank rebranded its benefits offering, linking its benefits, retirement savings and employee share ownership plans. The new strategy includes […]

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Brown and Caldwell leveraging employee ownership model with 5% raise amid inflation, tight labour market

lbailey — Tue, 02 Aug 2022 13:00:50 +0000

Brown and Caldwell is recognizing employees’ hard work and resilience over the last two years with a company-wide salary increase. In July, the engineering consultancy gave employees a five per cent increase on their current salaries. Patti Pederson, the organization’s vice-president of total rewards, says the increase was implemented across the board for everyone actively […]

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Scotiabank supporting employee financial well-being with pension info sessions

bwolfe — Mon, 30 May 2022 13:00:05 +0000

Scotiabank is supporting its employees’ financial well-being with a week of information sessions in June. Ayman Alvi, director of global benefits at Scotiabank, says the sessions taking place the week of June 20 will focus on all aspects of financial well-being, including the bank’s pension plan and other financial benefits available to employees. “These events have […]

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How are personalized communications connecting with employees?

Jennifer Paterson — Fri, 13 May 2022 12:55:16 +0000

As employers increasingly customize their human resources, benefits and pension communications campaigns, how are these methods connecting with employees? Long gone are the days of chunky tomes of group benefits and pension information. Once the norm, those pages and pages of minutiae have gradually been replaced by more personalized and targeted communications. “Direct communication is […]

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Editorial: Benefits, pension plans continue to feel the impact of the pandemic

Jennifer Paterson — Fri, 18 Mar 2022 13:00:51 +0000

This month marks the two-year anniversary of the World Health Organization declaring the coronavirus a global pandemic. In some ways, we’ve come a long way since then, but in others, we’re hovering close to where it all started. One thing is for sure: the pandemic continues to create a through line in Benefits Canada’s content […]

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Head to Head: Should the U.S. ESOP structure be brought to Canada?

lbailey — Fri, 18 Mar 2022 12:59:20 +0000

Canadian employers should consider the pros and cons of employee share ownership plans on both sides of the border. Loren Rodgers, executive director of the National Center for Employee Ownership (pictured left) Canada should maintain the current paths by which companies are creating employee ownership, but it should also create a new vehicle that draws […]

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Employees like stock plans

mschmit — Fri, 04 Jul 2014 04:42:16 +0000

An increasing number of workers are considering the availability of a company stock plan when evaluating a new job opportunity, according to research conducted by Fidelity Investments.

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Standard Life streamlines stock plans

mschmit — Mon, 18 Apr 2011 06:56:33 +0000

Standard Life has added two new features for Canadian publicly listed companies to its group savings and retirement offerings: stock and stock options plans administration solutions. The first feature enables employees to make online withdrawals from their stock plan directly from Standard Life’s transactional website. The second allows employers to access a variety of stock […]

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