More than two-thirds (70 per cent) of large U.S. employers are planning to beef up their benefits plans in 2023 to enhance their attraction and retention efforts, according to a new survey by Mercer. The survey, which polled more than 700 employers, found a third (32 per cent) of large employers already offer inclusive family-building […]
BNP Paribas in Canada is expanding its employee benefits offering with up to $10,000 lifetime coverage for gender affirmation and fertility treatments. The bank is also adding eight weeks of paid paternity leave for new dads, as well as increasing its mental-health practitioner benefits to $1,000 and increasing the number of paid personal days from two […]
AstraZeneca is supporting its LGBTQ2S+ workers and drawing new talent with a new employee resource group. The AZPride Canada ERG will focus on providing social support, as well as career and employment development and education, for LGBTQ2S+ workers. The group recently co-hosted several Pride Month events, including a lunch using vendors from the LGBTQ2S+ community, […]
An Ontario Superior Court judge awarding $210,000 in costs against the Financial Services Regulatory Authority of Ontario was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ontario court awards $210K in costs against FSRA in Brewers Retail pension case 2. Transition to low carbon economy […]
Manulife Financial Corp. is supporting its LGBTQ2S+ employees during Pride Month and beyond with speaker sessions and ongoing enhancements to its benefits plan. Throughout June, the insurer held numerous webinars, speaker series and learning sessions that continue to educate employees and support the company’s LGBTQ2S+ workers, said Michelle Taylor-Jones, the company’s global chief diversity, equity and […]
When the Molson Coors Beverage Co. introduced gender affirmation benefits for its Canadian workforce early this year, it was an extension of its diversity, equity and inclusion goal to make the traditionally male-dominated brewing industry a more welcoming place for underrepresented groups. The gender affirmation benefit, which was first offered to the brewing company’s U.S. […]
At the Alberta Investment Management Corp., diversity, equity and inclusion has catapulted up the priority list when it comes to investment strategy. While DEI has long played a role in the decisions of the AIMCo and other institutional investors, says Alison Schneider, the organization’s vice-president of responsible investing, she credits the coronavirus pandemic for catalyzing […]
Diversity, equity and inclusion initiatives aren’t a new concept for employers — just ask any human resources professional. However, in a changing world marked by growing calls for social justice, many plan sponsors are extending these initiatives beyond workplace conduct and employee benefits into retirement planning, merging diversity with their pension plans’ designs and communications […]
In response to the race riots in Rochester, N.Y. in the 1960s, the chief executive officer of Xerox Holdings Corp. and its Black employees decided to start a group for Black workers to safely discuss their shared experiences and advocate for change. Since this first known example of an employee resource group, many different types […]
IKEA Canada’s leader of equality, diversity and inclusion discusses the company’s equality plan, diversity in leadership and herbal medicine. Q: What top challenges do you face in your role? A: IKEA is — and always will be — a humanistic and values-driven company first. Part of the humanistic piece is understanding who our co-workers are. […]