Taylor Guitars is moving to a 100 per cent employee-ownership model with the help of the Healthcare of Ontario Pension Plan and Canadian non-profit Social Capital Partners. Founded by Bob Taylor and Kurt Listug 46 years ago, the U.S. guitar maker has adopted an employee stock ownership program structure, enabling its staff around the globe […]
As the world and Canada enters year two of the coronavirus pandemic, it’s continuing to have an uneven impact on Canadians’ finances, according to a new poll by the Angus Reid Institute. The poll found 34 per cent of Canadians were worse off now than they were 12 months ago, with 45 per cent of […]
Canada Goose Inc. is the latest employer to provide employees with paid leave to receive a coronavirus vaccine. The clothing manufacturer, which is headquartered in Toronto with offices and factories across North America and stores around the world, is offering all its staff up to four hours paid leave to get vaccinated, as well as the […]
According to a new global work trend report by Microsoft Corp., the shift to remote working brought on by the coronavirus pandemic may just have been the precursor to an even greater shift to another workplace disruptor — the hybrid work model. Employees the world over are embracing the evolution of the modern workplace to […]
Torstar Corp. is permanently closing the physical office spaces for the Ontario-based Waterloo Region Record and St. Catharines Standard newspapers and all staff of those news outlets will work remotely on a permanent basis. The decision is a way to “reduce office space leasing costs,” says a spokesperson. The announcement by the publisher of the Toronto Star, and several […]
Men and women are unevenly participating in equity compensation plans among private employers, according to new research conducted in the U.S. by Morgan Stanley. The investment bank and financial service company found only 41 per cent of women participated in these plans, compared to 52 per cent of men. And of those individuals who were […]
The federal Liberals are facing calls from some of the hardest-hit businesses in the coronavirus pandemic to extend emergency-relief programs beyond June. The government has targeted June 5 for an end to the federal wage and rent subsidies and this week extended applications for a popular loan program to the same time. The idea is […]
In its 2021 budget on Wednesday, the Ontario government said it’s requiring pension plan administrators to calculate and report their plan’s claim exposure to the pension benefits guarantee fund, to support the protection of benefits into the future. A review of the fund, discussed in the province’s 2020 budget, found there was a need for […]
Coca-Cola Canada Bottling Ltd.’s senior director of total rewards, talks about the challenges of the coronavirus pandemic, diversity and inclusion initiatives and perfecting her baguette recipe. Q. What top challenges do you face in your role? A. Right now, it’s all related to COVID-19 — not only ensuring that we have proper safety processes in […]
It’s a question occupying the minds of millions of employees who’ve worked from home for just over a year now: will they still be allowed to work remotely, at least some days, once the coronavirus pandemic has faded? On March 17, one of America’s corporate titans, Ford Motor Co., supplied its own answer: it told […]