The federal government is introducing new pay transparency regulations for federally regulated, private sector employers with 100 or more employees. The legislative amendment to the Equity Act, which will take effect on Jan. 1, 2021, aims to help address equality and inclusion issues in the workplace. With the move, Canada will be the first country to make wage […]
In recent years, investing with a gender lens has become far more popular among institutional investors. “Part of it is awareness and part of it is some of the performance,” said Jackie VanderBrug, managing director and head of sustainable and impact investment strategy at Bank of America Corp., during a webinar hosted by the Forum for […]
Women are in a worse position than men when it comes to pension savings, thanks to several systemic factors. So how can plan sponsors bridge the gender pension gap and help women prepare for retirement? The gender pension gap continues to be a real and pressing issue. Globally, the World Economic Forum estimates that women’s […]
Around International Women’s Day, many Canadian employers are once again talking about the importance of equality in the workplace. However, a new survey by Mercer, which polled senior leaders, human resources executives and employees around the globe, found there are many areas where companies could be doing more to make work more equitable for all. It found slightly more […]
A substantial wage gap between men and women continues to exist in Canada, according to a new study commissioned by ADP Canada Co. Based on self-reported numbers, the study found women earned an average pre-tax salary of $51,352 in 2019, while men reported an average pre-tax salary of $67,704 — a gap of 24 per cent. […]
Although Canada has a wide range of federal and provincial legislation intended to ensure Canadians can benefit from the labour market equally, gender wage gaps continue to persist along gender and race lines, according to a new report by the C.D. Howe Institute. In good news, the gender wage gap, on an hourly basis, is starting to […]
Men and women will have pay equality in 257 years, according to a new report by the World Economic Forum. The estimate is 55 more years than the estimates from past reports. This year’s report found a two per cent increase in the number of women in senior roles, but noted that women’s participation in the […]
With cohorts in the workforce behaving differently as they prepare for retirement, it’s important for plan sponsors to consider these differences along gender and generational lines. At Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27, Jean Young, senior research associate at the Vanguard Center for Investor Research, shared a survey that […]
Women in their core working years earned on average 13.3 per cent less per hour than men in 2018, marking a 5.5 percentage point improvement over the past 20 years, according to a new report by Statistics Canada. The research paper released Monday said in 2018 female employees between the ages of 25 to 54 […]
Since Grace Palombo joined Great-West Lifeco Inc. five years ago, she’s seen a shift at the company. Back then, in her role as executive vice-president and chief human resources officer, she was the only woman in a group of 12 executives who reported to the chief executive officer. Today, the company’s leadership includes eight members […]