The Federal Trade Commission is launching an inquiry into the operations of pharmacy benefits managers that control access to prescription drugs for millions of Americans. The consumer protection agency will order the nation’s largest PBMs to provide a range of information and records detailing how they do business. Pharmacy benefits managers run prescription drug coverage […]
Employees like Matt Fairbanks are one of the reasons the hospitality and restaurant industry is struggling to find workers even as the coronavirus pandemic wanes. The 34-year-old former bartender has moved from slinging beers in Toronto to selling software to restaurants for a Saskatchewan company, which he does remotely. “I was always kind of one […]
Seattle’s city council unanimously approved a measure that pushes app-based companies like food delivery services to improve wages and other working conditions for gig workers. Among other things, the legislation would ensure app-based workers are paid minimum wage plus expenses and tips. The rates for workers at companies such as DoorDash Inc., Grubhub Inc. and […]
Median pay for women occupying the corner office rose to nearly $16 million, according to an annual survey by Equilar Inc. for The Associated Press. Still, experts say there’s much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women. Jane Stevenson, vice-chair of […]
Women made up roughly 19 per cent of corporate board seats in 2019, an increase from 18 per cent the year before, even though the total number of board seats studied fell, according to new data from Statistics Canada. The data agency based its observations on information from 7,165 corporations, a decrease from the 8,697 […]
Last summer, Julio Carmona started the process of weaning himself off a fully remote work schedule by showing up to the office once a week. The new hybrid schedule at his job at a state agency in Connecticut still enabled him to spend time cooking dinner for his family and taking his teenage daughter to […]
More than two years into a gruelling pandemic, with many Canadians facing the added challenge of navigating a return to the office, companies are embracing a range of approaches to help workers coping with mental-health challenges. But experts say lip service remains a hazard that too many boardrooms still fall back on. A top-to-bottom shift […]
Ian McGrath has made it clear to his bosses: if the company forces staff to return to the office, he’ll tender his resignation. The Halifax-area technology worker says he’s thriving working from home. His productivity has soared, his last annual review exceeded expectations and he’s now one of the company’s top performers. “I’ve also achieved a […]
Despite a recommendation made by the four Atlantic provinces in 2016, a review of the Atlantic Lottery Corp.’s underfunded defined benefit pension plan has yet to be completed, according to a new report by the region’s auditors general. According to the report, the pension plan has swallowed up $87 million in potential profit in order […]
More workers may soon be able to stake some of their 401(k) retirement savings to Bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity Investments Inc. has launched a way for employees to put some of their 401(k) savings and contributions — potentially up to 20 per cent — directly in Bitcoin, […]