More than a quarter (27 per cent) of U.S. workers say they have high or overwhelming levels of financial stress, up from 20 per cent in 2021, according to a new report by Financial Finesse. The report, which analyzed data from more than 34,000 workers who interacted with the consultancy’s financial wellness tools, found more […]
Fewer than a quarter of Canadian employees describe their wellness as ‘very good,’ a score of nine or 10 out of 10, according to a new survey by Desjardins Insurance. The survey, which polled more than 2,000 workers, found overall wellness scores were lower for LGBTQ2S+ employees, as well as workers who are unhappy with […]
U.S. defined benefit pension plans posted net returns of 4.47 per cent in the first quarter of 2023, according to a report from Investment Metrics plan universe. The performance was led by allocations to public equities, which generated 6.47 per cent during the quarter. Fixed income allocations also performed well, rising 2.93 per cent. Alternative […]
The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in order to settle its debts. Razor Energy Corp., a petroleum producer headquartered in Calgary, has reached an agreement with the investment organization that will eliminate $63.2 million of secured debt […]
Global law firm Clyde & Co is rolling out a globally-consistent parental leave offering that will be available to all employees and partners with at least 12 months of service. At its core, the offering includes 26 weeks of fully paid leave, regardless of gender or parental role, and replaces previous maternity and paternity leave […]
The union representing more than 700 employees at Grand River Transit in Waterloo, Ont. has ratified a three-year collective agreement that includes benefits gains. The agreement between Unifor and the transit company includes enhanced paramedical coverage, from $1,000 to $2,000 per employee per year, which covers chiropractors, naturopaths and acupuncturists. It also includes coverage for […]
More than half of generation Z (56 per cent) and millennial employees (65 per cent) say their current benefits package makes them somewhat more likely to remain with their employer, according to a new survey by LIMRA. The survey, which polled more than 4,000 U.S. employees, found 54 per cent of workers said they view their benefits […]
A new, six-year initiative is focusing on building the capacity of employers and workplaces to recruit, hire, onboard, accommodate, train, mentor and promote persons with disabilities. Funded by the federal government’s New Frontiers in Research Fund transformation stream, Inclusive Design for Employment Access is co-led by Emile Tompa, senior scientist at the Institute for Work […]
As Canada’s largest residential real estate investment trusts drive up the country’s rental property prices through evictions and renovations, these moves highlight institutional investors’ human rights obligations, according to a new article by the Shareholder Association for Research and Education. In the article, the SHARE said Canada’s residential REITs capitalize on tenant turnover and suite […]
The Caisse de dépôt et placement du Québec is selling its stake in a Quebec-based automotive aftermarket equipment manufacturer. Last week, Uni-Select Inc., which manufactures paint and refinishing products for the automotive aftermarket sector, held an extraordinary shareholder meeting to vote on a $2.8 billion acquisition offer. The deal came from LKQ Corp., a Chicago-based […]