Canadians say they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, when Canadians estimated they’d need a nest egg of $1.4 million, according to a new survey by BMO Financial Group. The estimate is the largest since the bank first began surveying Canadians about their retirement expectations […]
New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks — including the Royal Bank of Canada — to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals, which request a report within one year, call for an absolute reduction target aligned […]
A four-day workweek may be gaining mainstream momentum in corporate Canada as workplaces continue to fine tune schedules and working conditions, suggests new research. A survey by recruitment firm Robert Half Canada Inc. found 91 per cent of senior managers said they would support a four-day workweek for their team. Most managers also anticipate their […]
Employers and employees must tread a fine line between trust, monitoring and micromanaging in the new age of remote working, say experts. Their comments come days after British Columbia’s Civil Resolution Tribunal ordered an accountant to pay her former employer more than $2,600 after tracking software showed she engaged in time theft while working at […]
Flexible schedules and shorter workweeks can lead to more productive, healthy and loyal workers, according to a new report on work-life balance by the United Nations’ International Labour Organization. It found that giving employees flexibility in terms of where and when they work can be win-win for both employees and employers. The U.N. agency said flexible […]
Women, people of colour and immigrants in Canada’s technology sector saw employment and pay inequities persist — and in some cases, worsen — between 2001 and 2016, with women increasingly excluded from tech work throughout that period, according to a new report from the Brookfield Institute for Innovation + Entrepreneurship at Toronto Metropolitan University. “It’s infuriating […]
The mayor of a city west of Toronto says municipal employees will have to wear masks for the next six weeks amid rising illnesses among workers and in the wider community. Marianne Meed Ward, the mayor of Burlington, Ont., says masks will be required for all employees in city facilities, with some exceptions, but won’t […]
The Toronto Transit Commission is ending its mandatory coronavirus vaccination requirement for workers and offering to reinstate employees who were terminated as a result of the policy without back pay. The transit agency said the mandate — introduced in September 2021 — will be lifted Nov. 27, though it’s continuing to encourage employees to stay […]
In the first months of the coronavirus pandemic, Shopify Inc.’s chief executive officer Tobi Lutke was among the first technology leaders to declare most of his staff would “permanently work remotely” because “office centricity is over.” His belief in remote work went so far that he even dropped listing Ottawa as the e-commerce giant’s headquarters […]
Walmart Inc. is teaming up with a fertility startup to offer benefits under its insurance plan that will help its U.S. workers expand their families. The retail giant is partnering with New York-based Kindbody to offer benefits such as in-vitro fertilization, as well as fertility testing regardless of sex, sexual orientation, gender identity or marital […]