Cisco Systems Inc. is exploring shifting a percentage of its Canadian employees’ bonuses into their base pay to help staff contend with the impacts of inflation. The company’s decision comes as workers across the world are finding their paycheques aren’t going as far as they used to amid higher costs of living as a result […]
Many Canadian companies are taking measures to increase pay equity among employees, with 69 per cent saying they’ve observed salary discrepancies between new hires and more tenured staff in the past year, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 200 C-suite executive across a wide range of […]
Lululemon Athletica Inc. is offering mental-health first-aid training to all employees, with a goal of training all of its workers by 2023. While the training isn’t mandatory, more than 300 employees have already completed the program, said Angela Wright, vice-president of health and wealth and organization planning at Lululemon, in an emailed statement to Benefits Canada. […]
As widespread labour shortages force Canadian companies to re-evaluate their employee recruitment and retention practices, experts say pay transparency is increasingly in the spotlight. Outside of the public sector and unionized shops, salaries in North America have long been considered a private matter between employer and employee. Job postings generally don’t disclose compensation and the issue of […]
Women in the U.S. with newly-minted bachelor’s degrees earn an average of US$52,266, compared to $64,022 earned by their male peers, according to a new study by the National Association of Colleges and Employers. The gender pay gap at the beginning of women’s careers mirrors the overall pay gap nationally, with the U.S. Bureau of Labor […]
Roughly two-thirds (63 per cent) of women said the shift toward gender equality in the workplace isn’t taking place fast enough and, despite more societal awareness, they still aren’t being offered the same opportunities as men, according to a new survey by Randstad Canada. The survey, which polled more than 1,000 working Canadian women, found […]
Early in Shannan Corey’s pension career, many of the boards she worked with were dominated by men over the age of 50. Corey, now executive director of the Saskatchewan Pension Plan, recalls one particular board meeting she attended when her company’s actuary, also male, wasn’t able to attend. “I was in my 30s and still […]
Preparing financially for retirement is a marathon filled with many obstacles along the way to a constantly shifting finish line. Even in 2021, female employees tend to have more obstacles and subsequently lag well behind their male counterparts when it comes to retirement savings. Women retire 30 per cent less wealthy than men, according to […]
The federal government is taking steps to close the gender wage gap with the Pay Equity Act, which came into effect on Aug. 31. The legislation requires federally regulated public and private sector employers to ensure workers receive equal pay for work of equal value, according to a press release, which noted employers have three […]
When the coronavirus pandemic was first declared in March 2020, teleworking was supposed to be a temporary emergency measure. But a year and a half later, its popularity has soared to new heights. Its impact has shaken up the traditional work structure, calling into question certain personal working-from-home choices. For example, since many employees are […]