The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the decision of Ontario’s government to repeal Bill 124. In a communication to members, the investment organization said the changes could include “additional pension contributions for any retroactive wage adjustments.” Read: Ontario […]
This leap year, some financial experts say they’re seeing an unexpected trend: employees asking if they get paid for working on Feb. 29. Every four years, the calendar gains a day to sync up with the Earth’s movement around the sun. Yet inquiries about what it means for paycheques hasn’t previously been noticeable. “This is […]
More than half (52 per cent) of workers say receiving an annual bonus makes them feel appreciated at work, according to a new survey by Robert Half International Inc. The human resources consultancy recently conducted a LinkedIn poll that also found employees said trust from their boss (29 per cent) and receiving verbal recognition (16 per cent) […]
Two-fifths of U.S. employees say they didn’t receive a raise in the last year and those who did received raises that were 25 per cent lower than in 2022, according to a new survey by BambooHR. The survey, which polled 1,500 employees, found the average pay increase was 4.6 per cent, down from 6.2 per […]
Three-quarters (74 per cent) of U.S. employers say they plan to give employees raises in 2024, while 18 per cent are undecided and eight per cent say they won’t offer pay increases, according to a new survey by ResumeBuilder.com. However, the survey, which polled 600 employers, found among respondents planning to give out raises, just […]
Before new pay transparency legislation takes effect in Ontario, it’s important for employers to ensure their current compensation structure is in order, says Dominic Girard, a senior consultant in compensation at Arthur J. Gallagher and Co. If passed, the legislation would require employers to include expected salary ranges in job postings so candidates are better poised to make informed […]
Canada’s 100 highest-paid chief executive officers — who are overwhelmingly male — were paid an average of $14.9 million in 2022, 246-times more than the average employee wage and setting a new record, according to a new report by the Canadian Centre for Policy Alternatives. It found in 2022, Canadian employees received an average pay […]
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says Darcy Clark, a principal at Normandin Beaudry. “They could do just enough to meet the legislative requirements or . . . full disclosure where everybody knows everything. There’s also a […]
Pay transparency legislation is quickly gathering steam in Canada as provincial governments take steps towards shrinking the gender wage gap. Prince Edward Island was first to the post with pay transparency provisions in June 2022. While Newfoundland and Labrador’s Pay Equity and Transparency Act received royal assent in November 2022, its pay transparency provisions haven’t […]
Job advertisements in New York will have to disclose proposed pay rates after a statewide salary transparency law went into effect on Sunday, part of growing state and city efforts to give women and people of colour a tool to advocate for equal pay for equal work. Employers with at least four workers will be required to disclose salary ranges for any job advertised externally to […]