In the war for talent, companies need to realize that the traditional approach to recruiting is over, and attracting qualified applicants will require a strategic approach. In a webinar on Tuesday, Rich Kushner, vice-president of market strategy at Pittsburgh-based talent assessment firm Select International, had a stark warning on today’s recruiting landscape; “The traditional approach […]
The mood amongst the defined benefit (DB) plan sector is decidedly pessimistic, and many plan sponsors are looking to make changes over the next 12 months in an effort to improve their financial situation, according to a survey. Morneau Sobeco’s 60 Second Survey finds that 75% of respondents said they were either somewhat concerned or […]
The global credit crunch touched off by the subprime mortgage crisis in the United States has yet to reach its nadir and is spreading into other markets, according to the International Monetary Fund (IMF). “At the moment, a bottom for the housing market is not visible,” says the fund’s latest Global Financial Stability Report. It […]
Canada’s bullish equity market is nearing its end as the U.S. subprime mortgage crisis, high oil prices, and the surging Canadian dollar conspire to increase risk and lower returns, according to an expert panel. At the annual Investment Outlook and Opportunities Forum presented by Franklin Templeton Investments at Toronto’s Roy Thompson Hall on Thursday, Michelle […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Shareholders have filed a class-action lawsuit against CIBC, claiming that the bank misrepresented its exposure to investments in the U.S. subprime mortgages market. The suit alleges that CIBC misrepresented the magnitude and level of risk associated with its U.S. subprime residential […]
The global credit crisis was spawned not by irresponsible lending, but by clashing models of debt funding and their associated risk management systems, according to a report released by the C.D. Howe Institute. “This is not a liquidity problem, it’s a solvency problem,” says Frank Milne, an economist, special advisor to the Bank of Canada, […]
The United States and Europe are facing an imminent recession, but thanks to low interest rates and a strong housing market, Canada is likely to post the best economic showing of G7 countries, according to a leading economist. Speaking at Toronto’s National Club on Wednesday, Sherry Cooper, chief economist at BMO Capital Markets and BMO […]
A fundamental change is underway in the area of global investment management for retirement, and an overhaul of the Canadian pension landscape is needed in order to meet future challenges, according to one expert. “We’ve seen a dramatic shift in this market over the last few years,” said Gregory Chrispin, managing director of State Street […]
Employee engagement in today’s market is no longer a suggestion box or a series of surveys, but a perpetual process which requires a different approach than traditional problem solving if companies wish to realize their full potential. “Without employee engagement, your business will not succeed,” said Daphne Woolf, managing partner at the Colin Baer Group, […]
A survey suggests workers are finding it increasingly difficult to leave work behind while on vacation, and experts contend that correcting the issue is up to the individual, not the employer. Data from a Monster.ca poll in which Canadian workers were asked how much they work while on vacation shows that 23% of respondents admit […]