Gender pay gap – Benefits Canada.com

More work to be done on workplace gender equality: survey

bwolfe — Fri, 26 Nov 2021 20:00:30 +0000

Roughly two-thirds (63 per cent) of women said the shift toward gender equality in the workplace isn’t taking place fast enough and, despite more societal awareness, they still aren’t being offered the same opportunities as men, according to a new survey by Randstad Canada. The survey, which polled more than 1,000 working Canadian women, found […]

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Employers raising wages, offering bonuses amid labour shortages: surveys

bwolfe — Wed, 29 Sep 2021 19:00:45 +0000

Canadian employers are using bonuses to attract and retain employees in a difficult labour market, according to a new survey by Mercer. Half (50 per cent) of respondents said they’re providing sign-on bonuses for select new non-executive hires. And while 55 per cent aren’t offering retention bonuses, 35 per cent said they’re being provided for […]

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Women in Canada’s benefits, pension industries discuss gender equity, reversing pandemic-fueled ‘she-cession’

lbailey — Fri, 17 Sep 2021 12:55:03 +0000

Early in Shannan Corey’s pension career, many of the boards she worked with were dominated by men over the age of 50. Corey, now executive director of the Saskatchewan Pension Plan, recalls one particular board meeting she attended when her company’s actuary, also male, wasn’t able to attend. “I was in my 30s and still […]

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How can pension plan sponsors help women hit their retirement readiness stride?

mdunne — Fri, 17 Sep 2021 12:54:45 +0000

Preparing financially for retirement is a marathon filled with many obstacles along the way to a constantly shifting finish line. Even in 2021, female employees tend to have more obstacles and subsequently lag well behind their male counterparts when it comes to retirement savings. Women retire 30 per cent less wealthy than men, according to […]

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Financial education offerings may help close pension gender gap

lbailey — Thu, 02 Sep 2021 13:00:13 +0000

With many women at risk of outliving their retirement savings, employers can help by educating female employees about their investment options, says Michelle Connell, a chartered financial analyst and owner of Portia Capital Management. Since women are often the primary caregivers, she says they tend to put less money into their retirement accounts than men […]

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New pay equity legislation aiming to close gender wage gap

bwolfe — Wed, 01 Sep 2021 13:00:03 +0000

The federal government is taking steps to close the gender wage gap with the Pay Equity Act, which came into effect on Aug. 31. The legislation requires federally regulated public and private sector employers to ensure workers receive equal pay for work of equal value, according to a press release, which noted employers have three […]

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Pay equity law taking effect in August aims to close gender wage gap

bwolfe — Fri, 09 Jul 2021 13:00:51 +0000

The federal government says legislation meant to help close the gender wage gap will come into effect on Aug. 31 and be phased in over the next three years. The Pay Equity Act requires federally regulated employers to ensure workers receive equal pay for work of equal value and is meant to help women get […]

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Majority of Canadian employees remain optimistic about workplace: survey

bwolfe — Tue, 11 May 2021 13:00:30 +0000

While 74 per cent of Canadian employees said their optimism about the workplace remains unchanged from before the coronavirus pandemic, the ongoing crisis has affected several aspects of employment including work-life balance, according to a new survey by ADP Inc. The survey found 46 per cent of respondents have been forced to make a choice, […]

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Gender gap persists in equity compensation plan participation: report

bwolfe — Thu, 25 Mar 2021 11:00:17 +0000

Men and women are unevenly participating in equity compensation plans among private employers, according to new research conducted in the U.S. by Morgan Stanley. The investment bank and financial service company found only 41 per cent of women participated in these plans, compared to 52 per cent of men. And of those individuals who were […]

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Women retiring two years later, with 30% less wealth, than men: report

lbailey — Wed, 10 Mar 2021 13:37:39 +0000

Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male counterparts, according to a Mercer Canada retirement readiness report. The report found women enter retirement with lower retirement savings than men and they also must work longer to achieve retirement […]

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