Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45 basis points yearly in terms of net excess returns, according to a new report by WTW. The report, which analyzed data from more than 1,500 investment strategies and more than 400 asset management firms, found while 80 per cent of […]
The union representing around 150 employees at West Fraser Timber in Fort Frances, Ont. has ratified a four-year collective agreement that includes multiple benefits gains. The new contract, which is retroactive to Aug. 1, 2022, includes a new maternity leave top-up program that provides new mothers with additional financial support. During the first eight weeks […]
Two-thirds (65 per cent) of working mothers in Canada are experiencing a difficult mental-health load caused by balancing their work and family responsibilities, according to a new survey by Capterra Inc. The survey, which polled nearly 1,000 Canadian employees, found 46 per cent of working mothers felt more likely to be overlooked for promotion opportunities, […]
Nearly half (46 per cent) of U.S. employees say they’re feeling burned out from their jobs, down slightly from 49 per cent in 2022, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,000 workers, found women (58 per cent) and younger employees (51 per cent) were more likely […]
It’s important for employers to maintain workplace benefits during a challenging economic environment in order to provide stability for employees, says Avinash Maniram, group and health-care consultant at PBI Actuarial Consultants Ltd. “During challenging economic times, employees and their families are already facing a lot of uncertainty with [the] rising costs of bills and everything […]
Women have powered a recent shift toward higher-paying and higher-skilled jobs, but a pay gap will persist until they cease being outnumbered by men in senior management positions, according to a new report by the Royal Bank of Canada. Canada’s labour market saw nearly 200,000 women stream into jobs involving less in-person contact and often […]
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 […]
Just 34 per cent of Canadian employers had boards with female representation of 40 per cent or more as of October 2022, according to a new report by MSCI Inc. The report, which analyzed more than 2,800 employers in 18 countries across the Americas and Europe, found more than a third (38 per cent) reported […]
Although a majority (86 per cent) of U.S. employees say they experienced at least one mental-health challenge over the past year, just a third (33 per cent) said they received mental-health care during that time, according to a survey by Lyra Health Inc. The survey, which polled more than 2,500 employees and more than 250 employers, […]
The union representing employees at Burnaby Public Library in Burnaby, B.C. has ratified a three-year collective agreement that includes improvements to flexible working arrangements. Members voted 91 per cent in favour of ratifying the new agreement, which includes a nine-day fortnight arrangement — consisting of a five-day workweek followed by a four-day workweek — to […]