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A new year brings new opportunities - and new risks. Check out this week's article on nine things to know about risk management planning in HR to ensure you're starting the year off on the right foot.
- Brandi Cowen, Editor
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Canada’s 100 highest-paid CEOs earned $13.2 million on average in 2023 from salaries, bonuses and other compensation, according to the Canadian Centre for Policy Alternatives. It was the third biggest year for CEO pay since the CCPA began tracking the data in 2007, but a decline after 2021 and 2022 broke records.
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Despite the uncertainty with which Canada is entering 2025, the overall financial health of Canadian defined benefit (DB) plans ended 2024 favourably, with improvements to funded positions during the fourth quarter of the year, according to the Mercer Pension Health Pulse (MPHP).
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A faulty employment contract is proving costly for the Township of Ignace. Ontario's provincial Court of Appeals has rejected the township’s appeal of a Superior Court of Justice decision awarding former Ignace employee Karen Dufault $157,000 in damages for wrongful dismissal.
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Nearly half (45 per cent) of Canadians are struggling financially to cover their everyday expenses. Anxiety and depression levels are still 57 per cent and 33 per cent above pre-pandemic benchmarks, respectively. With such a gloomy picture, it’s no wonder your employees come to work every day and struggle to be productive.
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During the hiring process, it is not uncommon for employers to take a two-step approach to job offers: First, they will send a potential new hire an initial job offer. Second, after such an offer is accepted, the employer will subsequently send over the intended formal employment contract. However, proceeding in this manner is very risky for employers, as a court may determine the formal employment contract is unenforceable due to lack of consideration.
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Managing employees and running a business requires a comprehensive management strategy. If you’re not thinking about what could go wrong, you’re leaving yourself and your team vulnerable to numerous risks. Read on to learn more about risk management planning to ensure you’re doing everything possible to protect your employees, data and organization.
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Burnout continues to affect a significant portion of the Canadian workforce, with little progress made since 2023 when between one-quarter and one-third of Canadians reported experiencing it. Recent research in various areas, including public health and health care, shows that burnout often stems from organizational practices and the pressures they impose, rather than individual failings.
» Read More...
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