Source: dailyhive.com Are you hoping to get a pay raise in 2024? Well, you might be in luck. In September last year, actuarial consulting service Normandin Beaudry released the results of its 13th annual Salary Increase Survey and reported that Canadian organizations were “planning fairly substantial salary increases” in 2024.
Source: benefitscanada.com The Canada Revenue Agency’s guidance for determining a full-time remote worker’s province of employment for payroll deduction purposes, which came into force on Jan. 1, could prove burdensome to employers.
Source: hcamag.com ‘Organizations need to revisit their communication strategies to enhance employee education and increase use of benefits’ Employers already spend millions for employee benefits. Ensuring employees understand the true value should not be that costly.
Source: www.hcamag.com Expert cites ‘consistent need to upskill across both technological and leadership capabilities’ There is a rising demand for AI, leadership as well as IT certification skills among business, a report by Udemy found.
Source: thestar.com Contrary to popular belief, writes Gleb Tsipursky, remote workers are not besieged by distractions but have routines that foster concentration. In an ever-evolving business landscape, the conventional wisdom surrounding office work is ripe for a thorough reassessment.
Source: www.forbes.com Workplace skills development should be a key priority for leaders and managers, not merely a nice-to-have benefit. The World Economic Forum noted that six out of 10 workers will need to be reskilled or upskilled before the year 2027, while in addition, we are facing a talent shortage due to the enormous skills gap, which makes skills development initiatives even more imperative. But what are the forces that are rocking skills acquisition globally? A closer look uncovers some shocking insights and trends which will impact your work as a leader, as revealed in Springboard’s latest State Of The Workplace report: 1. The Skills Gap Won’t Get Any Better…Yet “Nearly 40% of leaders say that the skills gap at their company has worsened in the last year and more than one in three say the current shelf life of hard skills is under two years,” shares Springboard of their research findings. Additionally, 70% of leaders agree that their organizations are facing a critical skills gap which is negatively impacting business performance, while nearly 40% believe that this gap is getting worse and has worsened over the past year. For the purposes of the study, over 1,000 professionals, including more…
Source: ctvnews.ca As the Canadian economy continues to slow, Canada’s job market is changing, and that’s had an effect on the skills that employers are looking for. In 2023, amid record-low levels of unemployment, large swaths of the labour market faced skills and staffing shortages. But 2023 saw the labour market swing back in favour of employers as the unemployment rate ticks up.
Source: hcamag.com ‘These ultimatums can be detrimental to mental health,’ says expert Eight in 10 companies will track employee office attendance in 2024, and 95% of companies say employees will suffer consequences if they don’t comply, with jobs, bonuses, and salaries at risk for those who do not comply, according to a new survey from Resume Builder.
Source: thesafetymag.com What safety leaders can expect in the year ahead Harassment and workplace violence This continues to be a focus area. In 2023, the International Labor Organization called on member states to eliminate violence and harassment at work and ratify Convention 190 with the aim of protecting workers and other persons from workplace violence and harassment.
Source: www.hcamag.com Decrease comes from changes to Canada Pension Plan and federal Employment Insurance Take-home income will decrease across Canada next month, due to Canada Pension Plan and federal Employment Insurance (EI) changes. These changes were outlined by the Canada Employment Insurance Commission in its summary of the 2024 Actuarial Report on the Employment Insurance Premium Rate.
Source: www.ctvnews.ca There will likely be more Canadians leaving the workforce than entering it over the next few decades as the country’s senior population grows, according to new data from Statistics Canada. Experts say this will not only exacerbate existing labour shortages, but could result in higher wages for employees.
Source: www.inc.com Find out the things that you don’t know are holding you back. “Really? I had no idea I do that!” This is what I hear from leaders I coach when we come across a blind spot they have. Blind spots are things others see in you that you don’t see in yourself. Shining a light on blind spots is one of the most empowering parts of executive coaching, as it makes leaders self-aware so they can then consciously choose how to be.
Source: www.hcamag.com ‘You’re kind of dangling a carrot for them to stay until the end of that contract’: DPO on retention bonuses “Stay-or-pay” clauses are a growing practice in the U.S., and while it is unlikely that such contracts will be upheld in Canada, there are still some lessons employers can learn from their neighbours south of the border, experts say.
Source: www.wealthprofessional.ca Research from business management platform Ownr reveals significant share of new business owners are 45+ While stories about new businesses seem to be dominated by Gen Z or Millennials, often with an innovative new app or subscription service, many older Canadians are starting new ventures too.
Source: www.forbes.com Leadership and management…the two terms are often used interchangeably and become confused and substituted for the other. If you are aspiring towards a leadership role as your career goal, it’s important to understand the key differences between leaders and managers (yes, they’re not essentially the same), so you can make an informed decision and know how to structure your professional development efforts towards your long-term goal.
Source: betakit.com UWaterloo’s Work-Learn Institute data finds Gen Z is looking for growth, impact, security, and balance. Like every generation before them, Gen Z grew up watching their parents’ careers shift and change. Now Gen Z is entering the workforce seeing a very different opportunity landscape than those generations had access to.
Source: muskoka411.com A new survey by ADP Canada, conducted with Maru Public Opinion, reveals over half (53%) of workers in Canada report having a negative feeling about work and nearly one-third (30%) feel tired and overworked, shedding light on the crucial need for a renewed focus on work-life balance, compensation, and family considerations in the evolving workplace.
Source: www.hcamag.com Latest amendments to Working for Workers Act ‘put more teeth’ into Ontario legislation The latest iteration of Ontario’s Working for Worker’s Act was passed on Oct. 26, expanding on “worker-friendly” laws already put in place by earlier bills adopted in 2021 and 2022. While not significantly different, the new amendments “put more teeth” into the existing legislation, according to one expert.
