Global law firm Clyde & Co is rolling out a globally-consistent parental leave offering that will be available to all employees and partners with at least 12 months of service. At its core, the offering includes 26 weeks of fully paid leave, regardless of gender or parental role, and replaces previous maternity and paternity leave […]
TMX Group Ltd. is among 23 Canadian employers that have signed on to a new parental leave pledge created by Women in Capital Markets. The pledge provides a roadmap for organizations to follow to ensure their parental leave policies and practices are inclusive and equitable to all those who use them, including non-birth parents and […]
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 […]
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 […]
The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. has ratified a four-year collective agreement that includes pension and benefits gains. The agreement includes a .25 per cent increase in employer contributions to the company’s defined contribution pension plan, while members of the defined benefit pension plan will receive a monthly increase […]
The majority (88 per cent) of U.S. employers say they plan to change their health benefits provider over the next two years, according to a new survey by WTW. The survey, which polled more than 200 employers, found among respondents that offer well-being benefits, more than half (55 per cent) said they plan to make changes […]
The union representing 450 employees at Domtar Corp. in Dryden, Ont. has ratified three collective agreements that include benefits and pension gains. The agreements include several group benefits enhancements, including $100 for vision, a $200 increase for dental and orthodontics, a $10,000 increase in life insurance, $1,000 for eye surgery and improvements in short- and […]
The U.S. Department of Defense is expanding its parental leave program for military personnel. Specifically, the expansion will provide parental leave to active and reserve component service members — on active duty for 12 months or more — who have given birth, adopted a child or had a child placed for adoption or long-term foster […]
Telus Communications Inc. was recognized for supporting employees’ holistic well-being as it took home the award for Health/wellness program for an employer with more than 1,000 employees at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. Acknowledging its staff are all somewhere on the well-being continuum and that each person’s situation and goals are […]
The provision of employer-sponsored benefits has evolved significantly over the last 45 years, with the past decade ushering in the most consequential changes, fueled by technology, increased competition and demand. In the 80s and 90s, benefits plans were very siloed and one size fits all, says Chris Pryce, founder and president of Human Capital Benefits, […]