Only 13 per cent of global employees are highly engaged and highly satisfied with their workplace, according to new research by office furniture manufacturer Steelcase. The research, which surveyed 12,480 participants in 17 countries, also found that 21 per cent of respondents are somewhat engaged and somewhat satisfied, and just 11 per cent are highly dissatisfied and […]
U.S.-based yogurt-maker Chobani is handing out shares worth up to 10 per cent of the company to its 2,000 full-time employees. In a letter sent to employees this week, founder Hamdi Ulukaya wrote: “My dream, from day one, was to share our success with this entire family – for us all to have a stake in our […]
There’s a solid business case for supporting employees juggling work and caregiving responsibilities, participants at an event in Toronto heard on Wednesday. “Those employers are doing it because it makes business sense . . . and actually, it affects their bottom line if they lose carers because they don’t provide them with the flexibility they […]
Bell Canada has launched two new support programs under its employee assistance program. Its new peer support referral program connects staff and their family to support groups for a variety of mental health-related issues, and its online group counselling for anxiety program uses cognitive behavioural therapy. Both are available through its provider, Morneau Shepell. The new programs, […]
In its first federal budget last month, the Liberal government said it would seek additional funding from Canada’s pension funds as it looks to invest more than $120 billion in infrastructure over the next decade. As noted in the budget, the government plans to “engage public pension plans and other innovative sources of funding.” According to a story […]
Kickbacks for health benefits billed to multinational industrial company Atlas Copco Canada Inc. are at the centre of a criminal trial underway in Sudbury, Ont., that’s being billed as one of the largest frauds in northern Ontario history. The case, R. v. Plate, which is before the Ontario Superior Court of Justice in Sudbury, alleges the company’s former […]
The Ontario Registered Pension Plan Administration Corp. will begin an extensive education campaign about the ORPP for employers this summer and a verification process for all companies enrolling in it as of Jan. 1, 2017, will begin in the fall. Marc Sharrett, director, strategic stakeholder relations, ORPP Implementation Secretariat at the Ministry of Finance, provided the update […]
As multinational companies expand into new markets, services such as employee assistance programs are taking off on a global level as well. “At a macro level, there is a general trend towards globalization, especially in the multinational segment,” says Richard Albert, vice-president of global business development at Morneau Shepell, following the announcement of a strategic alliance with one of India’s […]
IMAX Corp. has extended its long-term incentive plan to all of its employees and managers. The company has extended the program, which had previously been available to those at the director level and above, to all employees can be a shareholder in the company. “We want all our employees to feel like owners of the company, […]
In recent years, Canada’s largest companies have struggled with the inherent ups and downs of managing risk in their defined benefit pension plans. Two employer-sponsored pensions in particular — despite experiencing similar types of labour strife, government intervention and plan redesign — have so far embarked on very different investment strategies to suit their businesses […]