Two-fifths (40 per cent) of all U.S. private sector employees don’t have an employer-sponsored retirement plan and non-white workers have the least access to these plans, according to a report by T. Rowe Price Group Inc. It found that, while 58 per cent of white employees had access to workplace retirement plans, this percentage decreased […]
Two-thirds (68 per cent) of global employers with high levels of employee engagement say they have a well defined diversity, equity and inclusion plan, according to a new survey by Aon. The survey, which polled more than 1,200 benefits and DEI leaders in 55 countries, found while three-quarters (74 per cent) of employers have an […]
Women held 26 per cent of the total 5,112 board seats among Canadian companies providing disclosure for 2022, up from 23.4 per cent in 2021, according to Osler Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of women, Indigenous peoples and […]
While nearly three-quarters of U.S. executives (74 per cent) and workers (71 per cent) agree pay equity is a top priority, employees say there’s more work to be done on the issue, according to a new survey by the Harvard Business Review and human resources consultancy UKG. The survey, which polled more than 3,000 employees […]
Diversity in leadership matters. It signals who belongs and shapes the aspirations of employees, as well as communities more broadly. In recent years, the convergence of regulatory requirements, investor expectations and consumer demands has fuelled increased attention on representation on boards and in leadership roles in Canada. For example, a responsible investment survey by the […]
When Steph Rebello took her first job spearheading diversity, equity and inclusion efforts, she was excited to make change in the corporate world — but less than two years later, she was burnt out. “I wasn’t playing to my strengths,” says the Toronto woman. “I wasn’t actually fulfilling some of my design research skills and […]
The much-deserved, overdue and rising attention bestowed on diversity, equity and inclusion in the workplace over the last couple of years is a win-win for employers and employees — but it’s vital that a DEI focus goes beyond ideas and words and translates into action. Benefits Canada is seeing action across the industry, by benefits […]
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 […]
Enhancements to the Canadian Imperial Bank of Commerce’s gender affirmation coverage is the latest way the bank is supporting LGBTQ2S+ employees during Pride Month and beyond. The expanded coverage was added to the organization’s benefits program last month and includes reimbursement for specific gender transition surgeries and procedures up to $10,000 per year, up to a […]