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Welcome to the CanadianSME Small Business Podcast! In this episode, we explore the impact of the new CAPSA guidelines on small business retirement and savings plans. These changes are crucial for small businesses looking to offer competitive benefits while maintaining compliance.Our guest today is Bernadette Chik, Leader of the Defined Contribution (DC) Advisory Business and senior consultant at Mercer Canada. With over 20 years of experience in consulting and a CFA designation, Bernadette specializes in helping small and midsized organizations optimize their retirement plans. Her expertise provides valuable insights into how small businesses can navigate these guidelines.Key Highlights:Governance Updates: How to create accountability and future-proof governance processes.Member Education: Innovative ways to enhance member education on retirement plans and financial literacy.Proactive Risk Management: Practical steps to adopt a proactive approach to risk management.Challenges and Opportunities: Key areas where small business sponsors can innovate and grow under the new guidelines.A special thank you to Bernadette Chik for sharing her expertise on these vital updates and their implications for small business plan sponsors!Shoutout to our sponsors for more information find their links below:RBC: https://www.rbcroyalbank.com/dms/business/accounts/beyond-banking/index.htmlUPS: https://solutions.ups.com/ca-beunstoppable.html?WT.mc_id=BUSMEWAConstant Contact: https://www.constantcontact.com/landing1/new-marketer?utm_campaign=canadiansme&utm_medium=sponsorlogo&utm_source=brand IHG Hotels and Resorts: https://businessedge.ihg.com/s/registration?language=en_US&CanSMEGoogle: https://www.google.ca/Don't forget to subscribe to the CanadianSME Small Business Magazine at www.canadiansme.ca for more insightful episodes that empower your entrepreneurial spirit!
In this episode of the CanadianSME Small Business Podcast, we are excited to have Jason Sachs, Senior Principal in Mercer's Career business, share his expertise on compensation planning and how it impacts small businesses across Canada. With over 10 years of experience in compensation and total rewards consulting, Jason offers valuable insights from the August 2024 Mercer Canada Compensation Planning Survey.During our conversation, Jason discusses key compensation trends, industry-specific insights, and strategies that businesses can use to attract and retain top talent in a competitive job market. He also explores the growing trend of pay transparency and what it means for companies in 2024 and beyond.Key Highlights:Compensation Trends for 2024 – Jason provides an overview of the latest findings from Mercer's August 2024 Compensation Planning Survey and what salary increases Canadian businesses can expect in the coming year.Industry-Specific Insights – Learn which sectors are leading in terms of salary increases and how industry trends can help businesses benchmark their compensation strategies.The Role of Pay Transparency – Jason shares his thoughts on the state of pay transparency in Canada, how companies are approaching this practice, and the benefits of being transparent with pay policies.Attracting and Retaining Top Talent – Discover practical, low-cost strategies that small businesses can implement to attract and retain talent, beyond just competitive pay.The Future of Compensation Planning – Gain insights into the future of compensation planning and the trends that small business owners should be preparing for.We would like to extend our heartfelt thanks to Jason Sachs for sharing his valuable insights on compensation planning and employee retention. His expertise provides small businesses with the tools they need to navigate today's competitive job market successfully.Shoutout to our sponsors for more information find their links below:RBC: https://www.rbcroyalbank.com/dms/business/accounts/beyond-banking/index.htmlUPS: https://solutions.ups.com/ca-beunstoppable.html?WT.mc_id=BUSMEWAConstant Contact: https://www.constantcontact.com/landing1/new-marketer?utm_campaign=canadiansme&utm_medium=sponsorlogo&utm_source=brand IHG Hotels and Resorts: https://businessedge.ihg.com/s/registration?language=en_US&CanSMEGoogle: https://www.google.ca/Don't forget to subscribe to the CanadianSME Small Business Magazine at www.canadiansme.ca for more insightful episodes that empower your entrepreneurial spirit!
This week on Leadership Forum with host Saquib Vali, we have Teresa Palandra, President of Mercer Canada. She leads more than 1,000 professionals who share an unwavering commitment to helping Canadians achieve healthier, more financially secure and professionally rewarding futures. As part of this role, Teresa is a member of Mercer's Global Operating Committee, where she contributes to developing and advancing Mercer's global strategy and priorities across all regions and practices.
The Empire Club is excited to host keynote speaker Dr Wanda Costen, Dean, Smith School of Business Queen's University, who will deliver an inspirational and thought-provoking address on themes of increased access, innovation, transformation and representation — followed by a call to action from our audience on how to support the next generation of black leaders. Wanda will then be joined by successful executives Claudette McGowan, CEO of Protexxa and Jaqui Parchment, Board Director and recently Retired CEO of Mercer Canada, who will discuss their career journeys and how they obliterated the glass ceiling. This conversation will be moderated by Lori Beausoleil, Corporate Director, Metro Foods, Brookfield Real Estate Income Trust, Canadian Apartment REIT and Slate Office REIT, focusing on the panel's successes, achievements and how they overcame the challenges they faced. The panelists will also provide their perspectives on what Martin Luther King Jr. asserts that we must do to realize “the dream of living in a nation where we will not be judged by the colour of [our] skin, but by the content of [our] character.” “Top talent is diverse and if we do not start making changes now, we will have missed the opportunity for changing the mosaic of our nation's leaders” – Lori Beausoleil
We're taking you through the best of Moolala's retirement interviews starting with the five Rs of retirement. Pattie Lovett-Reid, Chief Financial Commentator for HomeEquity Bank, takes us through the many aspects that go into the post-pay cheque phase of your life. Then, why millennial workers who rent their entire lives will have to save more for retirement than homeowners. Jillian Kennedy, a partner at Mercer Canada, tells us about the findings from the Mercer Retirement Readiness Barometer. Plus, we'll speak with Darren Coleman, a senior portfolio manager at Coleman Wealth at Raymond James, about why he calls the pandemic a ‘retirement fire drill'. To find out more about the guests check out: Pattie Lovett-Reid: Instagram Jillian Kennedy: Mercer: Saving For Retirement |Mercer: Retirement Readiness Barometer | LinkedIn | Twitter Brad Gotto: Facebook | Instagram | LinkedIn Darren Coleman: LinkedIn | Facebook | com | Coleman Wealth Facebook | Coleman Wealth Twitter Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn
Learning financial literacy in the workplace. Certified Financial Planner Steve Bridge tells us about the benefits. And, a contract called the Maher Agreement that's becoming more prevalent in the Muslim community. Family Lawyer Laura Paris takes us through what you need to know before you sign. Then, a report from Mercer that found millennials who rent for their entire careers need to save more for retirement compared to homeowners. Jillian Kennedy from Mercer Canada tells us about the report's findings. Plus, a strategy aimed at saving you money on your tax bill and help you grow your net worth. I'll speak with Derryn Shrosbree, the founder of 33seven, about The Tax Free Zone concept. To find out more about the guests check out: Laura Paris: shulman.ca | Twitter | Instagram Steve Bridge: LinkedIn Derryn Shrosbree: 33seven.ca Mercer: Retirement Readiness Barometer | mercer.ca Jillian Kennedy: LinkedIn Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn
In today's episode: the looming largest strike against a single employer in Canada's history, Rogers' move of overseas offices to Canada, Loblaw expansion, compensation and benefit surveys of Canadian workers and other topics. Stay with us to get the latest HR updates. According to PSAC, more than 155,000 PSAC members across Treasury Board and Canada Revenue Agency can begin strike action on April 19 if a deal cannot be reached by 9 p.m. | Strike deadline announced for 155,000 PSAC members | Public Service Alliance of Canada (psacunion.ca)The membership of Unifor Local 4276 voted last week to ratify a new three-year contract with their employer the Fairmont Empress Hotel in Victoria, British Columbia | Unifor members ratify new contract with Fairmont Empress Hotel (newswire.ca) Rogers Communications Inc. is relocating around 300 Shaw call centre jobs based overseas to Canada | Rogers moving hundreds of overseas Shaw call centre jobs to Western Canada | Globalnews.ca The Northwest Territories government says it spent $716,000 to address a cyberattack in November | N.W.T. gov't spent $716,000 to address November cybersecurity breach | CBC News CBC reports that Grocer Loblaw Companies Ltd. plans to spend $1.3 billion renovating 500 stores and opening 30 new ones this year | Loblaws to open 30 new stores in annual expansion | CBC News New report by Mercer finds that home ownership provides millennials a significant advantage to retirement readiness | Renters must save 50% more than homeowners to retire | Mercer Canada 40% of Canadian workers say they aren't fairly paid in their current role | 40% of Canadian workers say they aren't fairly paid: survey | Benefits Canada.com Mental Health week in Canada is from May 1 to 7. This year's theme is: MY STORY | CMHA Mental Health Week - Canadian Mental Health Association
Global News: “Millennials who rent will have to save 50% more than homeowners to retire.” Guest: Jillian Kennedy with Mercer Canada Learn more about your ad choices. Visit megaphone.fm/adchoices
Guest: Elizabeth English, Principal, Mercer Canada
Mercer is the world's largest outsourced asset manager with about $300B in AUM and $15T in AUA. I had the opportunity to speak with Mercer Canada's CIO, Rachel Volynsky, to discuss what asset managers are up to, where she sees inflation going, how she's thinking about allocating in this environment, and much more!
High fees could potentially set back your retirement date. Jillian Kennedy, a Partner and Leader of Defined Contribution and Financial Wellness at Mercer Canada, takes us through the results of the Mercer Retirement Readiness Barometer to see if that is true. Find out more at mercer.ca and connect with Jillian on LinkedIn.
Grade 11 student Noah Booth tells us about his book, A Rich Future: Essential Financial Concepts for Youth. Jillian Kennedy from Mercer Canada takes us through the latest Mercer Retirement Readiness Barometer, and how investment management fees may be pushing back your retirement date. And, protecting yourself from fraud and identity theft. Julie Kuzmic from Equifax Canada shares her tips for keeping your information and finances safe. Then, protecting your bank deposits. Leah Anderson from the Canadian Deposit Insurance Corporation says she's got you covered. Plus, I'll speak with Anthony Delauney about how the fitness philosophy “Owning the Dash” can be applied to your finances. To find out more about the guests check out: Noah Booth: com Jillian Kennedy: ca | LinkedIn Julie Kuzmic: LinkedIn |Twitter Leah Anderson: ca | Twitter | Facebook | LinkedIn Anthony Delauney: GoodReads | Facebook | LinkedIn | Twitter | Instagram | YouTube ruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn
Keith Brooks, of Environmental Defence Canada explains why some are wary that a new agreement allowing the shipment of our garbage to the U.S. may mean that it ultimately ends up in a developing country or the ocean; David Sharpe of Havelock tells us about his part in the rescue of an injured bald eagle; Colin, an alcoholic from the Kawartha Lakes region describes how difficult it is to continue without the support he usually receives from Alcholics Anonymous which is prohibited from meeting in person because pandemic restrictions; Bob McKeon of the 'the fifth estate' outlines their investigation into the arrest of Cameron Otis, who was once one of Canada's most important intelligence offiicers; Jacqui Parchement, the CEO of Mercer Canada and Co-Founder of the Black Opportunity Fund offers her reaction to the federal government's funding of Black Entrepreneurship Program; And one-man-band Damien Robitaille tells us how his homemade recording of 'Pump Up the Jam' went viral.
“Corporate Canada needs to look more like Canada.” That’s the call to action from Jaqui Parchment. As CEO of Mercer Canada she is one of only a very few Black women CEOs in the country.She is also a Director of the BlackNorth Initiative and a founding member of the Black Opportunity Fund. And she is a passionate advocate for diversity and inclusion.This summer, over 200 business leaders gathered to participate in the BlackNorth Summit, making commitments to address anti-Black racism in their workplaces. But change doesn’t happen overnight.What do companies need to do to keep the momentum going over the coming months and years?As we start a new season of Speaking of Business, Jaqui Parchment joins us to talk about how to bring about change, the importance of mentorship, and why businesses need to move from inclusion to creating a sense of belonging in the workplace.
Chapter 1: The provincial pandemic recovery plan will assist struggling industries, but not all businesses are struggling right now. Guest: Liz Elliott, Principal at Mercer Canada. Chapter 2: John Horgan announcing the provincial pandemic recovery plan yesterday that will also likely be the NDP blueprint for re-election. But will it be enough for an industry that will be struggling to recover in the next couple of years? Guest: Ingrid Jarrett, President and CEO of the BC Hotel Association. Chapter 3: The BC Teachers Federation is taking the province's Ministry of Education to the Labour Relations Board, in an attempt to force changes to the province's back-to-school plan. Chapter 4: Greater Vancouver Board of Trade President and CEO Bridgitte Anderson joins us to talk about the plan, she serves as a member of the Premier's Economic Recovery Task Force. Guest: Bridgitte Anderson, President and CEO of the Greater Vancouver Board of Trade, member of the Premier's Economic Recovery Task Force. Chapter 5: BC has announced a new oral-rinse COVID-19 tests for kids. Infectious disease expert and host of the Super Awesome Science Show Podcast joins us to talk about these new tests. Guest: Jason Tetro, infectious disease expert and host of the Super Awesome Science Show podcast. Chapter 6: Lawyers for Gabriel Klein have announced their client will seek a “not criminally responsible” designation for the murder of 13-year-old Letisha Reimer in Abbotsford in 2016. Klein was found guilty of second-degree murder back in March and sentencing was originally scheduled for next week. Guest: Dave Teixeira, spokesperson for the victim's family. Chapter 7: A man in Ohio has come up with an idea that he says will save trick o'treating this Halloween: a 6ft long candy chute. Guest: Niki Reitmayer, CKNW Contributor Chapter 8: It's taking a lot of people by surprise to hear that Mountain Equipment Co-op is likely about to be snapped up by a foreign business. Why is there so much support for the company? Guest: Dr. Saul Klein, Dean of the Peter B. Gustavson School of Business at the University of Victoria. Chapter 9: If you're looking for something to do this weekend, there's a fascinating film back at the Rio Theatre by popular demand. Guest: Nathalie Bibeau, filmmaker.
This week on Down to Business, Jaqui Parchment, chief executive of Mercer Canada, one of the largest human resources consulting firms in the world, talks to Gabriel Friedman about what’s happening in workplaces throughout the country, whether in the office or at home.
This week on Down to Business, Jaqui Parchment, chief executive of Mercer Canada, one of the largest human resources consulting firms in the world, talks to Gabriel Friedman about what’s happening in workplaces throughout the country, whether in the office or at home.
Inspired Leadership is sponsored by Power HR and Tyler Bayley. On this episode, the theme of employee wellness and how employers can take a preventative approach to facilitate employee wellness. Julie Duchesne is the Mercer Marsh Benefits Leader for Mercer Canada. She leads a team of 270 professionals in the Health business. In recent years, Julie has made a significant contribution to the expansion of the Health business through her vision, consulting services and team leadership. She has 22 years of consulting experience in Health and Benefits, as well as extensive experience in the design, funding and administration of both traditional and flexible employee benefits plans and post-retirement benefits. Julie has been a spokesperson in various conferences around innovation and the evolution of the health and wellbeing, including World at Work, Canadian Pension and Benefits Council (CPBI) and The Future of Health Care conference. Julie holds a Bachelor degree with Honours in actuarial sciences from Concordia University. She is a Fellow of the Society of Actuaries and of the Canadian Institute of Actuaries. For more information on a the Mercer 365 digital health solution for your employees: https://www.mercer.ca/en/what-we-do/health-and-benefits/active-health-management-mercer-365.html If you like this podcast, please give it a like and share with your network.
When your organization needs a new Executive, who are you going to call? For over 50 years, Odgers Berndtson has helped some of the world's biggest and best organizations find senior talent to drive their agendas. Susannah Crabtree is a Partner and Head of Odgers Berndtson's Ottawa office. She specializes in the recruitment of senior executives in the public and not-for-profit sectors. She is also a member of the firm's Leadership Practice and works with clients to assess and develop the leadership potential of their executives and high-potential talent. Before joining Odgers Berndtson, Susannah was an HR Consultant and Office Leader at Mercer Canada, and she worked for Aon Hewitt in Canada and the UK. She holds a Bachelor of Science with Honours from McGill University, specializing in Psychology and Mathematics, is a qualified actuary and a member of the Board of Directors of the YMCA-YWCA of the National Capital Region as well as the Royal Ottawa Foundation for Mental Health. LINKS Susannah Crabtree on LinkedIn linkedin.com/in/susannah-crabtree Susannah Crabtree's Email susannah.crabtree@odgersberndtson.com Odgers Berndtson Website https://www.odgersberndtson.com/en-ca
A new report by the global consulting firm Mercer suggests Vancouver has the best quality of living in North America - and third best in the world. Vancouver soared to the top of the rankings because of safety, crime, the environment, and access to good education. In a few moments, we want to hear from you, and get your views on whether you feel like you're living in one of the best cities in the world. But first, let's find out more about today's report, and for that we turn to Gordon Frost, who's partner and career business leader for Mercer Canada. Guest: Gordon Frost Partner and Career Business Leader for Mercer Canada
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Our guest on the November 2018 episode is David Johnston, sales compensation expert, speaker and President at Sales Resource Group Inc. The annual CPSA Sales Compensation Reports were recently released so we invited Dave back on the show to share his take on this year's major findings and their implications for sales in Canada over the next 12 months. Produced in partnership with Mercer Canada and presented by Brokerlink, the CPSA Sales Compensation Planning Guide for Sales Management and Sales Compensation Report for Sales Professionals include 25 job titles in sales. Gathered from over 670 surveyed Canadian organizations, the reports offer the exclusive insight you need to make informed decisions. Visit cpsa.com to access the report.
You know you need to improve your financial health. You might even know what you need to do - save more, spend less, pay down debt. So why does that not necessarily translate into healthy financial habits that move the needle? What's stopping you from achieving overall financial wellness? That's the question asked in a recent study by Mercer Canada. The study found that while Canadians have a reasonably high level of financial literacy they aren't necessarily achieving financial wellness. For example, only 1 in 3 Canadian employees over the age of 50 have a strategy for their retirement. They know they need to save for retirement, they even know what the products are, but they don't have a strategy to reach their financial freedom goals. What is the solution then? How do you improve your financial wellness? My guest today is Jillian Kennedy, the Employee Financial Wellness Leader at Mercer Canada, a consulting firm that helps employers and organizations package and offer benefits to their employees. On today's show, Jillian highlights the key findings from the Mercer study and talks about how financial wellness impacts our ability to reach important milestones like buying a new home or saving for retirement.
On BIV Today... Amid talk of trade wars and threats of tariffs, consumers are now jumping aboard the “Buy Canadian” bandwagon. But is boycotting U.S. products really that easy? Retail Insider editor-in-chief Craig Patterson (1:45) joins the show to discuss this phenomenon. He also dishes on the latest industry news, including Vancouver’s growing status as a luxury retail hub and plans to launch 100 new Jollibee fast-food outlets across Canada. Later, Gordon Frost (18:52) from Mercer Canada discusses where Vancouver ranks on their cost of living report. The results may surprise you. See more of Business in Vancouver at https://biv.com.
Author and This American Life contributor Sarah Vowell tells us what she's recently learned about the Americanization of the Hawaiian islands. Then say "Happy 150th birthday" to Canada with one of its top TV personalities, Rick Mercer. Plus, a tour guide from Siena tells us how her adopted neighborhood won last year's Palio horse race — twice. For more information on Travel with Rick Steves - including episode descriptions, program archives and related details - visit www.ricksteves.com.