In the old days (e.g., prior to the coronavirus pandemic), many organizations dedicated a less-than-optimal percentage of their HR resources to employee retention. Why bother working to retain staff when new employees were lining up for their positions? Even then, top employers understood that it not only makes more financial sense to retain and engage […]
Every four years we have the joy of watching Canadian athletes compete in myriad events at the Summer Olympics. It gives us the chance to cheer and marvel at the individual and team preparations needed to allow our competitors to shine. It seems like every hundred years or so we also face the burden of […]
When the coronavirus pandemic hit Canada, and the federal government pushed pause on the economy back in March, companies had to adapt and adjust workforce staffing levels at unprecedented speed. That first week alone pushed 927,000 Canadians out of work as some businesses ground to a complete halt, while others turned to technology and other […]
What will the new normal be? That’s the question businesses across Canada and around the world are trying to answer as governments lift restrictions put in place to help limit the spread of COVID-19. With companies eagerly reopening retail locations, ramping up production at manufacturing facilities and re-energizing their offices, it’s critical for leaders to […]
When most owner/operators of mid-sized companies consider financial or operational improvements to their business, they look in the usual places: cash flow management, supply chain and process optimization, effective cost cutting measures that won’t impair the organization’s ability to deliver products and services. Their instincts are invariably correct. These are all key factors in the […]
Hidden business costs can compromise the financial success of any mid-sized company. Manufacturing inefficiencies, retail shrinkage, service delivery cost over-runs, expensive overhead such as posh office spaces or first-class flights for business executives. They all add up and pull down profits. But few costs have as great an impact on an organization’s long-term success as […]
This is the time of year when the latest cohort of new accountants has graduated from their undergraduate programs and begins plotting the journey to a long and meaningful career. It’s also when we’re often approached by young professionals—including some of our future interns and hires—curious about what comes next and how best to steer […]
When former Ontario Premier Kathleen Wynne’s Liberal government tabled and eventually passed Bill 148, the Fair Workplaces, Better Jobs Act, 2017, employers were stunned by the scope of the employment standards changes contained in the legislation. The bill would not only increase the minimum wage by 30 per cent in just two years. The sweeping […]
There are a few questions that chartered accountants get asked all the time. They include (but are in no way limited to): What’s the key to growing a successful business? What’s the most tax-efficient way to draw profits from a corporation? Should I lease or buy my company car? What’s the minimum amount of time […]
One of the most challenging—and important—decisions for dentists establishing or expanding their practice is to decide whether to take on an associate, such as a dental hygienist. Put simply, an associate is someone who provides dental services to a dental practice as an independent contractor for a fee. The fee is typically about 40 per […]
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