Bridgestone Corp. is offering US$100 payments to its approximately 33,000 employees in the U.S. to get vaccinated against the coronavirus, joining a group of large companies offering incentives to encourage staff to get the vaccine. Just as people around the world face down entering the second year of the coronavirus pandemic, the tire company said it’s […]
Canadian employers are preparing vaccination, remote-work and hiring plans as they look forward to a post-coronavirus pandemic world, according to a new survey from ManpowerGroup Canada. It found only eight per cent of employers will mandate employee vaccinations once vaccines are publicly available, compared to 41 per cent who will let individual employees decide for […]
The issue of employers imposing vaccines in a global pandemic context is unprecedented. Employers will be faced with the difficult challenge of ensuring a safe work environment, without the power to mandate that their employees be vaccinated. Federal and provincial government officials have said that the coronavirus vaccination will be voluntary. Assuming the absence of […]
Canada’s defined benefit pension plans posted a median return of five per cent during the fourth quarter of 2020 and closed a volatile year with a 10 per cent gain, according to Northern Trust Canada’s pension universe. Despite uncertainty from factors including the U.S. presidential election and Brexit negotiations, the last quarter saw global equity […]
Canadian businesses are grappling with how they’ll handle the vaccination of staff, and for some that means allowing workers to get the shot on company time. At least 35 tech companies in the country, including SkipTheDishes, Borrowell and FreshBooks, signed a pledge Friday from the Council of Canadian Innovators vowing to let their staff slip […]
While the rollout of vaccines has the world cautiously optimistic about an economic recovery, a Scotiabank survey shows the coronavirus pandemic has Canadians concerned about their retirement future. According to the survey, 72 per cent of Canadians said they’re worried they’re not saving enough for retirement, while one-third (32 per cent) said they won’t be […]
Employees of a U.S.-based chain of discount stores will get four hours of regular pay after they’ve received the coronavirus vaccination. Dollar General Corp. is giving frontline, hourly team members the one-time payment to compensate them for the time taken away from the store to get vaccinated. Meanwhile, salaried team members will get additional store labour hours to […]
With coronavirus vaccines rolling out across Canada, employers must consider the privacy and human rights implications of requiring vaccinations for their teams, says Shaun Parker, an associate with the law firm Osler, Hoskin & Harcourt. “In a mandatory-vaccination program, if an employee will suffer adverse effects due to a protected ground, the employer may have […]
While institutional investors are facing an “unquestionably brighter” economic outlook in 2021, challenges such as fluctuations in the U.S. and Canadian dollars still lie ahead, says Karl Schamotta, chief market strategist at Cambridge Global Payments. In terms of the global growth landscape, he says crowded trades have been fuelled across several asset classes based on an […]
While institutional investors are facing headwinds from unexpected inflation and geopolitical realignment in 2021, the coming year will also see rebounds for corporate earnings and equities, according to two new research papers from Mercer. “Non-stop social and technological change has increased at a rate as exciting as it’s bewildering and COVID-19 has resulted in an […]