As holiday bills come due, resolutions to save more are forgotten and Blue Monday — touted as the most depressing day of the year — arrives, new research has found financial wellness among working Canadians is about more than just the size of their paycheque. The survey, by the Canadian Payroll Association and the Western-Laurier […]
Men and women will have pay equality in 257 years, according to a new report by the World Economic Forum. The estimate is 55 more years than the estimates from past reports. This year’s report found a two per cent increase in the number of women in senior roles, but noted that women’s participation in the […]
Canadian employers plan to hold the line on budgeted pay raises in 2020, according to a new survey by Willis Towers Watson. It found employers are expecting no changes to their salary budgets in 2020, with salary increases projected to hold steady for technical and business support employees (2.7 per cent), as well as for workers in production […]
Canadian employers are expecting to increase base salaries by an average of 2.7 per cent in 2020, according to a new survey by Morneau Shepell Ltd. This is up from an average realized 2.6 per cent increase in 2019. The 2020 forecast includes increases in salary structure, length of service, cost of living and merit pay, but excludes salary freezes and […]
With the federal election about a month away, Canada’s political parties are rolling out their election platforms, making a host of promises to improve health care, employment insurance, the minimum wage and pension legislation. If elected, the Liberal Party of Canada, New Democratic Party and Green Party of Canada are all promising to implement a national pharmacare program. […]
Financial stress is preventing employees, employers and the economy from reaching full potential, according to a survey by the Canadian Payroll Association. The survey found 43 per cent of workers are so financially stressed their performance at work is suffering. It noted the costs of increased absenteeism, turnover and benefits claims, as well as decreased job satisfaction and […]
Manitoba’s New Democratic Party and Liberal Party announced a host of worker-friendly campaign promises over the Labour Day weekend, with both parties committing to raise the minimum wage to $15 an hour. The province’s minimum wage, one of the lowest in Canada, is currently $11.35 an hour. It’s set to increase to $11.65 on Oct. 1, […]
A new University of Guelph study says the wage gap has closed between women and men with newly earned PhDs. The study, which focuses on gender equity in the labour market, found that both male and female doctoral graduates earn about $70,000 annually during the first three years after convocation. Prof. David Walters says this […]
The union representing about 8,000 Canadian border and intelligence officers and investigators is calling on the Treasury Board of Canada Secretariat and Canadian Border Services Agency to provide its members with a so-called 25-and-out retirement option. The Public Service Alliance of Canada’s Customs and Immigration Union has been in negotiation with the two federal agencies since […]
Money matters are top of mind among North American employees, according to new research by Ceridian HCM Holding Inc. The research found workers in Canada and the U.S. are challenged by financial matters, with 80 per cent of North American workers saying they’re stressed about pay and money issues on a regular basis. Read: Pay equity problem persists […]