Women in the U.S. with newly-minted bachelor’s degrees earn an average of US$52,266, compared to $64,022 earned by their male peers, according to a new study by the National Association of Colleges and Employers. The gender pay gap at the beginning of women’s careers mirrors the overall pay gap nationally, with the U.S. Bureau of Labor […]
The second year since the onset of the global coronavirus pandemic was a significant one for the human resources, benefits, pension and investment industries, particularly when it came to stories about vaccines. With more than three million page views on BenefitsCanada.com in 2021, here are the year’s most popular stories. What can employers do if […]
Employers’ top concerns in 2021 included the coronavirus pandemic, vaccination policies, the impact of inflation on salaries, new employment legislation and plans for returning to the office, according to the most popular stories on BenefitsCanada.com. What can employers do if workers won’t get coronavirus vaccine? Unvaccinated employees may not be eligible for EI: feds Trudeau […]
The union representing employees at a Loblaw Co. Ltd. distribution centre in Ajax, Ont. has ratified a new four-year contract that will increase employer contributions to a group registered retirement savings plan. For workers with five or more years of service, the employer’s RRSP contribution match will increase to five per cent from 3.5 per […]
Roughly two-thirds (65 per cent) of Canadians are seriously considering leaving their job because of issues such as compensation, declining job satisfaction and overall well-being, according to a new survey by Hays Specialist Recruitment Canada Inc. The survey, based on responses from more than 4,200 employers and employees, found roughly 40 per cent of employers […]
As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts. In October, the Canadian inflation rate increased year over year by a record 4.7 per cent, the largest increase since February 2003, according to Statistics Canada. The Bank of Canada […]
Roughly two-thirds (63 per cent) of women said the shift toward gender equality in the workplace isn’t taking place fast enough and, despite more societal awareness, they still aren’t being offered the same opportunities as men, according to a new survey by Randstad Canada. The survey, which polled more than 1,000 working Canadian women, found […]
Almost half (46 per cent) of small businesses that are currently experiencing hiring difficulties have increased wages, while 27 per cent have increased benefits and 19 per cent have introduced a shorter work week, according to a new survey by Maru Public Opinion for ADP Canada Co. It found while 79 per cent of small […]
Canadian employers are using bonuses to attract and retain employees in a difficult labour market, according to a new survey by Mercer. Half (50 per cent) of respondents said they’re providing sign-on bonuses for select new non-executive hires. And while 55 per cent aren’t offering retention bonuses, 35 per cent said they’re being provided for […]
When employees are financially stressed, they’re distracted and less productive at work and more likely to leave their jobs, according to a new survey by the Canadian Payroll Association. Though the survey found personal finances have improved for many Canadians in 2020 and 2021, 30 per cent of respondents who indicated they experience financial stress […]