In 2019, employers are increasingly making diversity and inclusion initiatives and education assistance for employees part of their total rewards offerings, according to new research by WorldatWork. Its annual inventory of total rewards programs and practices, which surveyed more than 700 U.S. employers, found the percentage of organizations offering employees some form of education assistance — through scholarship, student […]
The Canada Pension Plan Investment Board has dramatically increased its investments in renewable energy companies, from $30 million in 2016 to $3 billion as of June 2019, according to its annual sustainable investing report. The substantial increase is part of the fund’s expanded climate change program. “We have a number of groups involved in efforts […]
Alongside Fluor Canada’s recent move to a flexible benefits plan, it also introduced a managed drug formulary, which includes generic substitution, prior authorization, lifetime maximums and an annual out-of-pocket maximum. While the organization was hesitant to make the change, it knew it was necessary to help control drug costs, said Michelle Ginter, senior human resources […]
At Benefits Canada‘s 2019 Workplace Benefits Awards, Scotiabank was recognized in the diversity category for a focus that’s “thoughtful” and “fulsome,” according to judges. “I think it’s becoming well-known — and research shows — that more diverse organizations perform better against their peers and are in the top quartile and in all sorts of different metrics,” said […]
Benefits Canada recognized winners across seven categories at the 2019 Workplace Benefits Awards on Thursday. At a luncheon and awards ceremony at the Arcadian Loft in Toronto, more than 100 leaders in the benefits, pension and investment industries gathered to see awards presented to Canadian employers that are proactively and passionately making a difference in their employees’ financial, […]
Women in their core working years earned on average 13.3 per cent less per hour than men in 2018, marking a 5.5 percentage point improvement over the past 20 years, according to a new report by Statistics Canada. The research paper released Monday said in 2018 female employees between the ages of 25 to 54 […]
Over the last year, companies listed on the Toronto Stock Exchange have seen little movement in the proportion of female executive officers on their boards, according to an annual report by Osler, Hoskin and Harcourt LLP. The study, which looked at diversity disclosure practices relating to women in leadership roles by TSX-listed companies, found that, among companies […]
Almost half (43 per cent) of female students and young professionals said they feel technology companies don’t really want to hire women, according to a survey by SAP Canada Inc. It also found 54 per cent of survey respondents said technology companies have a bad reputation when it comes to gender equality and 48 per cent said they don’t know how […]
The British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are among 42 global firms acting to implement ideas to increase diversity and inclusion in investment management. This commitment to action is part of the CFA Institute’s Experimental Partners Program, which was inspired by a […]
Climate risk disclosure and gender diversity on corporate boards are key issues attracting majority support from institutional investors, according to a new survey by proxy advisory firm Institutional Shareholder Services Inc. Its latest global benchmark policy survey generated 400 respondents from institutional investors, corporate executive and others in Canada, the U.S., Europe and Asia. It found 61 […]