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Joe Hornyak
Former editor of Benefits and Pensions Monitor and founder of Joe Hornyak Communications
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Childcare Workers Get Pension Plan
The first pension plan for childcare workers in Canada has been launched by Econocoop and Co-operators. Until now, daycare staff ? including educators, kitchen managers, supervisors, and centre managers ? did not have access to a pension plan allowing them to plan their future and enjoy a comfortable retirement. The plan will be available to all childcare services across Canada who are members of Econocoop. Jean-Luc Racine, chief executive officer of Econocoop, calls it “a key benefit for attracting and retaining workers in childcare services across the country, while improving the working conditions of employees in the sector.” The pension plan is in addition to the services and programs already offered by Co-operators to Econocoop members such as insurance services and a group insurance plan. The pension plan will come into effect at the beginning of 2023.
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Gen Z Rely On Office Structure
Though digital natives, research indicates that Gen Z ? those born between the late 1990s and 2010, rely heavily on the professional and social structure of the office. The Unispace data shows 78 per cent find it easier to bond with colleagues in the workplace and 81 per cent feel disconnected from their peers when working from home. It also revealed that 79 per cent of Gen Z respondents felt more active when working in the office, while among older workers this figure sits at 66 per cent. Most early careers professionals (60 per cent) also admitted that work-from-home restrictions made them value the office more whereas this figure stood at just 43 per cent for older workers. This suggests that Gen Z values the structure, socialization, and support that a physical office provides more than older members of the workforce. The younger demographics are also vying for learning and development opportunities from peers, but want to be able to access this in person. The vast majority (80 per cent) of Gen Z respondents indicated that access to training would encourage them back to the workplace. The same percentage said they would be happier to return to work if they knew their team was going to be in the office, underlining the importance of face time for those in the earlier stages of their careers.
For details on these stories, visit www.bpmmagazine.com