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Top 5 HR, benefits, pension and investment stories of the week

A story on mental-health themes and challenges for 2024 was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Expert panel: Employers taking preventative, holistic approach to employee mental health in 2024 2. AI holds uncapped potential for pension plan sponsors’ administration, communications: […]

January 12, 2024 January 11, 2024
09:00

Majority of Indigenous IT workers have experienced workplace discrimination: survey

More than half of Indigenous Canadians working in the information technology sector say they’ve experienced discrimination at their current workplace (59 per cent) and have played down their Indigenous background to fit in better at work (56 per cent), according to a new survey by registered charity ComIT.org. The survey, which polled more than 500 […]

January 11, 2024 January 11, 2024
15:00

Lack of historical carbon emissions data impacts longstanding investment return modeling: report

A traditional method used to calculate expected returns and risk by institutional investors is limited by the scarce amount of available carbon emissions data, according to a report from BNP Paribas. The report, which used the MSCI world index and the MSCI world Paris-aligned benchmark index as investment universe benchmarks, found that when assessing the […]

January 11, 2024 January 10, 2024
11:00

Caisse invests US$100M in U.S. subscription commerce platform, backs supply chain solutions acquisition

The Caisse de dépôt et placement du Québec is investing US$100 million in subscription commerce platform company AppDirect. This marks the second investment from the Caisse resulting in a total US$180 million invested so far in the San Francisco-based company, according to a press release, which noted AppDirect has grown between 22 per cent and […]

January 11, 2024 January 10, 2024
11:00

Labour shortages, employee retention among SMEs’ top business concerns for 2024: survey

More than two-fifths of small- and medium-sized employers say labour shortages (46 per cent) and employee retention (42 per cent) are among their top business concerns for 2024, according to a new survey by Peninsula Employment Services Ltd. The survey, which polled 79,000 SMEs across Australia, Canada, Ireland, New Zealand and the U.K., found more […]

January 11, 2024 January 10, 2024
09:00

3M freezing U.S. DB pension plans for non-union employees by end of 2028

3M will freeze its U.S. defined benefit pension plans for non-union U.S. employees, effective Dec. 31, 2028, and move plan members to a 401(k) plan structure. Eligible employees will continue to accrue benefits under the pension plans until the freeze date, according to a press release, which noted this decision applies to both 3M and 3M Health Care. Former […]

January 10, 2024 January 10, 2024
15:00

Canada’s 100 highest-paid CEOs earned 246-times more than average employee in 2022: report

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 […]

January 9, 2024 January 9, 2024
15:00

84% of Canadian job seekers value work-life balance over climbing corporate ladder: survey

A majority (84 per cent) of Canadian job seekers define success through work-life balance as opposed to climbing the corporate ladder, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than 500 Canadian hiring decision-makers and more than 500 employees who are looking for […]

January 8, 2024 January 8, 2024
15:00

N.S. providing CAAT DBplus pension plan, comprehensive benefits plan to ECEs, support staff

The government of Nova Scotia is introducing a new benefits and pension package for roughly 3,000 early childhood educators and support staff. All employees will be enrolled in the Colleges of Applied Arts and Technology’s DBplus pension plan. The province will fund employers to provide pension contributions retroactive to Jan. 1, 2024. The province will […]

January 5, 2024 January 4, 2024
09:00

Median solvency ratio of Canadian DB pension plans declines in Q4 2023: reports

The median solvency ratio of Canadian defined benefit pension plans declined in the fourth quarter of 2023, according to reports by Mercer and Aon. Mercer’s report, which tracked more than 450 DB pension plans, found the median solvency ratio declined to 116 per cent as at Dec. 31, 2023, from its previous high of 125 […]

January 5, 2024 January 5, 2024
09:00