The Ontario Court of Appeal has overturned a Superior Court decision that allowed an employee to receive his stock option awards throughout his 24 months of reasonable notice on the grounds that the employer had failed to provide adequate notice of termination. “The decision gives important guidance to employers about what will be appropriate in […]
Employee share purchase plans are enduring the ongoing coronavirus pandemic, despite dips in stock prices for some sectors, says Scott Anderson, regional vice-president of employee benefits at Hub International Ltd. “There are companies in the transportation and entertainment industries that have taken major hits, but for the most part they’re doing their [employee share purchase […]
In Monday’s fall economic statement, the federal government proposed changes to employee stock option rules and offered additional support for essential workers. The statement provided an overview of the government’s approach to combating the ongoing coronavirus pandemic, while offering details on additional measures moving forward. The changes to employee stock option tax rules include an annual […]
The U.S. Securities and Exchange Commission is proposing new rules that would allow gig workers to be partially paid in company equity. If adopted, the proposed rules would be in effect for a five-year period and allow employers to pay gig workers up to 15 per cent of their annual compensation in equity, to a […]
TMX Group Ltd.’s robust communications campaign for its long-standing employee share purchase plan led to a win in the benefits plan communications category at Benefits Canada‘s 2020 Workplace Benefits Awards on Oct. 16. In April 2020, the financial services company branded its ESPP with the slogan “Think like an owner, be an owner,” encouraging an ownership mentality among staff. The […]
In considering changes to its retirement savings programs, Rogers Communications Inc. is generally focused on three main internal and external factors: regulatory changes, employee feedback and demographics. “As we see the millennial and gen Z workforce grow quite a bit, we’re really trying to understand what that’s going to do to our plans in terms […]
At PCL Construction Ltd., almost 90 per cent of eligible staff participate in the company’s employee share purchase plan. Offering employees the opportunity to buy shares in their employer is generally seen as a way to boost employee attraction, retention and engagement. Indeed, Mike Olsson, the construction company’s vice-president of human resources and professional development, […]
During an educational two days in Montreal, the 2020 DC Plan Summit, on Feb. 5-7, featured a range of sessions diving into today’s top issues for plan sponsors, including financial education and wellness, post-retirement solutions, sustainability, plan design and technology. Is your pension communication message getting through? A look at the different paths to ESG […]
At PCL Construction, employee ownership is built into the company culture and is a big part of total compensation. However, it’s created some apathy when it comes to the way employees approach their DC plans and prepare for retirement, according to Mike Olsson, the company’s vice-president of human resources and professional development. At the company’s […]
The federal government is putting a pin in its changes to employee stock options, which were supposed to take effect on Jan. 1. In a news release, the federal finance ministry said it’s reviewing feedback from consultations on the proposed changes and will announce its path forward and a new implementation date in its 2020 budget. The proposed changes, […]