Inflation has stretched the budgets of individuals and companies alike, and some firms have sought to find savings in the wages they pay their employees. A recent report from the Robert Walters recruiting agency found that Canadian firms are increasingly hiring underqualified employees. But that can backfire, says Professor Jean-Nicolas Reyt in interview with Canadian HR Reporter.
There is no single path to the C-suite, but getting a 不良研究所 education can help. Among Canadian university graduates, 不良研究所 alumni are the most likely to become CEOs, according to research by Immerse Education, a UK provider of academic enrichment programs. According to data drawn from LinkedIn, more than 9,600 不良研究所 alumni are currently chief executives or have held a CEO role in the past.
The length of a standard work week has been steadily declining for well over a century. In the 19th century, some factory workers in Canada were expected to work 72 hours each week. It wasn鈥檛 until the 1960s that the standard work week reached the current 40-hour norm. Today, the overwhelming majority of workers in Canada are in favour of further reductions. Many companies have already experimented with a four-day work week with reduced hours, and 91 per cent of them have chosen to stay with it.
Alyssa Abruzzese (BCom鈥23, GCPA鈥24) and Vivian Ly (BCom鈥22, GCPA鈥24), students of the Graduate Certificate in Professional Accounting (GCPA) program, have been selected among their graduating class as this year鈥檚 recipients of the C. Douglas Mellor Prize for academic excellence.
McCall MacBain Fellowships offer students at select universities an opportunity to spend a year abroad. Valued at up to $30,000 and awarded by the McCall MacBain Foundation, Fellows spend one term studying a language, one term pursuing academic studies, and one term in a job placement or internship. This year, 不良研究所 students earned the honour. Mayra Baca El Hachemi, who is majoring in marketing at 不良研究所 Desautels and will be travelling to Japan. Monique Machioudi, who is studying for a minor in management, will travel to Taiwan and learn Mandarin.
Swimmer Cl茅ment Secchi (BCom鈥22) has become the first 不良研究所 graduate to reach the podium at the Summer Olympics since 2008. The 24-year-old management graduate from Aix-en-Provence, France, earned bronze for his native country on Sunday as part of the men's 4x100 medley relay. A four-time All-Canadian at 不良研究所, the 5-foot-11, 157-pound butterfly specialist was a three-time recipient of the Forbes Trophy as the University's male athlete of the year.
Generative artificial intelligence promises to transform the way business is done, but in most industries, it鈥檚 still unclear exactly how it will be used. Footwear retailer ALDO is working with Montreal鈥檚 cluster of AI talent to explore how to leverage this emerging technology. In October 2023, ALDO staged its first Retail Gen AI Hackathon in partnership with the Bensadoun School of Retail Management and Amazon Web Services. The event offered over $10,000 in prizes to teams that worked collaboratively to devise generative AI solutions to real world retail challenges.
Fr茅d茅ric Perron (BCom鈥97) was serving as the Chief Commercial Officer for Vodafone Poland when he was asked to return to Canada to become the new president and CEO of Cogeco, an internet service provider. Although Cogeco鈥檚 corporate offices are in Montreal, Perron鈥檚 position is based in Burlington, Ontario. That puts him closer to the company鈥檚 US customers, some of which are in nearby Ohio. Americans make up about half of Cogeco鈥檚 business, and as the US government makes major investments in connectivity, there remains room for growth in the United States.
High levels of inflation have caused a cost-of-living crisis in Canada, and bartering is one way to help keep costs down. Trading goods and services with others also offers a more personal touch. "Some parts of our economy have become overly financialized,鈥 says Robert Nason, Associate Professor of strategy and organization at 不良研究所 Desautels. 鈥淲e need to put a number on everything.
To succeed in business, you need to win the hearts of the people, says Noah Xie, the founder and president of KMIND, a strategic consultancy headquartered in Shanghai. It鈥檚 a lesson that Xie took from The Art of War, an ancient Chinese military text by Sun Tzu. It is important for companies to ask themselves why a consumer chooses their product over a competitor鈥檚, Xie told Professor Karl Moore in an episode of his CEO Series podcast on the iHeart Radio podcast network.
The Government of Canada is exploring ways to increase investments in the country鈥檚 pension fund equities, but doing so sacrifices returns, according to The Economist. Over the past decade, Canadian mid and small-cap stocks have returned just 3-4% each year, while U.S. stocks have seen a 13% return annually. Opening infrastructure to investment is another way to encourage pension funds to invest more of their capital domestically.
Gym memberships come with varying price tags and fee structures that can be confusing. Often, a membership contract can come with unanticipated charges. In addition to monthly fees, some charge for signing up, cancellation costs, and annual dues, which is why it is important to do research before signing up, according to Bensadoun School of Retail Management Executive Director Charles de Brabant. 鈥淵ou don鈥檛 necessarily understand the natural pitfalls until you fall into them,鈥 he tells The Globe and Mail.
While some countries contemplate shorter work weeks, Greece is heading in the opposite direction. Seeking to boost economic growth, the country recently passed a law allowing employers to implement a six-day work week, though the change is not mandatory. Greece faced a debt crisis in 2010, and its economy has long been among Europe鈥檚 laggards. As a member of the Eurozone, Greece doesn鈥檛 make its own monetary policy, explains Jean-Nicolas Reyt, Associate Professor of Organizational Behaviour.
Canada鈥檚 biggest pension funds are some of the world鈥檚 largest investors and their diversified portfolios span the globe. But, should they be investing more in Canadian companies? Some CEOs think so. In March, 90 CEOs signed an open letter to Finance Minister Chrystia Freeland urging her to find ways to get pension funds to invest more in Canadian companies. But forcing pension funds to do so would be a mistake, says CD Howe Institute Senior Fellow Miville Tremblay in an op-ed in LaPresse.