More than eight in 10 (84 per cent) U.S.-based employer-sponsored retirement plans have at least one likely Employee Retirement Income Security Act red flag from a regulatory and/or fiduciary perspective, according to a new report by consultancy Abernathy Daley 401k Consultants. The report, which analyzed filings for more than 760,000 plans, found 43 per cent […]
An article on incoming changes to Alberta-based employers’ workplace violence and harassment policies was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What Alberta-based employers need to know about incoming workplace violence, harassment policy changes 2. Gen Z, […]
While Newfoundland and Labrador employees who take three or more consecutive days of sick leave are no longer required to provide their employer with a doctor’s note, it doesn’t mean employers can’t demand evidence of illness or injury, says Tim Young, a St. John’s-based partner at Curtis Dawe Lawyers. “All the legislation does is eliminate […]
Changes to Alberta’s Occupational Health and Safety Code are simplifying workplace violence and harassment prevention requirements for employers, says Cristina Wendel, an Edmonton-based employment lawyer at Dentons Canada LLP. The amendments, which take effect March 31, include a requirement for employers to develop and implement a consolidated violence and harassment prevention plan. The plan must […]
Two-thirds (67 per cent) of employers say there’s currently a shortage of skilled workers in their industry and 58 per cent anticipate a skilled labour shortage over the next five to 10 years, according to Benefits Canada’s 2024 Future of Work Survey. To reverse this trend, nearly three-quarters (72 per cent) of employers cited improving […]
In light of upcoming changes to Ontario’s employment leave policies, as well as new requirements for job postings, it’s important for employers to review and update their workplace policies to ensure they’re in line with current legislation, says Larysa Workewych, a senior associate at Dentons Canada LLP. As of June 19, an employee with at […]
An article on the impact of U.S. President-elect Donald Trump’s tariff threats and Prime Minister Justin Trudeau’s resignation on financial markets was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Financial markets resilient in wake of Trump tariffs threat, […]
Verizon Communications Inc. is facing a lawsuit by retirees alleging the organization breached its fiduciary duties and engaged in prohibited transactions when it completed a US$5.9 billion pension risk transfer to Prudential Insurance Co. of America nearly a year ago, according to a report by Investment News. The proposed class action lawsuit, filed in December […]
In the return-to-office push, employers that have been clear with their return policies will find better compliance from employees, says Janet Candido, founder and principal of Candido Consulting Group. A slew of companies have announced plans to return staff to working in office on a full- or part-time basis, some with little advance notice. Despite […]
Amazon.com is facing a lawsuit that claims the company violated U.S. federal law by using nearly US$350 million in forfeited 401(k) funds to offset the company’s own contributions rather than to reduce administrative fees for plan participants, according to a report by Reuters. In December, Cory Curtis, an employee of the online retail company, filed a […]