logo
Government of Canada Moves Forward with HR and Pay Transformation Through Dayforce

Government of Canada Moves Forward with HR and Pay Transformation Through Dayforce

Yahooa day ago

GATINEAU, QC , June 11, 2025 /CNW/ - The Government of Canada is taking the next step toward replacing the Phoenix pay system to drive efficiency and effectiveness across government.
Today, the Honourable Joël Lightbound, Minister of Government Transformation, Public Works and Procurement, announced that the Government of Canada is moving forward to the final build and testing phase of the Dayforce HR and pay solution. This decision follows the completion of a rigorous feasibility study and marks a significant step toward modernizing the government's HR and pay systems.
The Dayforce solution will replace a significant number of HR systems in use across the Government of Canada. It reflects the government's continued commitment to business and digital transformation built on transparency, efficiency, and employee experience.
The Government of Canada will finalize the configuration and testing of Dayforce and work with departments to confirm their readiness to onboard. This phased approach builds on lessons learned and will help reduce risks associated with large-scale transformation and ensure a smooth transition for employees.
Employee engagement will continue to be a key focus throughout the transformation process. By involving employees in readiness activities and ensuring continuous feedback mechanisms, the government is implementing an HR and pay solution that offers an efficient people-centric platform aligned with workforce needs.
Quotes
"The Government of Canada remains committed to modernizing its HR and pay systems in a responsible and transparent manner. By investing in the future of HR and pay, we are taking an important step forward in ensuring an efficient, secure, and sustainable solution for public service employees."
The Honourable Joël LightboundMinister of Government Transformation, Public Works and Procurement
"We are excited to strengthen our partnership with the Government of Canada. Dayforce brings together advanced technologies into a single, AI-powered people platform designed to simplify processes and deliver real value. We are committed to supporting this transformative HR and pay initiative, ensuring it enhances work-life and drives meaningful improvements for government employees across the country."
David OssipChair and Chief Executive Officer of Dayforce, Inc.
Quick Facts
The current pay system is used to deliver pay to an average of 431,000 current and former employees bi-weekly. In 2024, this represented approximately 13.4 million payments, totalling approximately $40.1 billion.
The complexity of the Government of Canada HR and pay environment includes the challenge of applying almost 150 different collective agreements representing employees from over 100 departments and agencies.
The initiative is incorporating lessons learned from the previous pay system implementation and recommendations intended to guide future projects of similar size and scope. In particular, recommendations around stakeholder engagement and governance were guided by Lessons Learned from the Transformation of Pay Administration Initiative (Goss Gilroy report).
Over 3,000 public servants participated in user awareness sessions during the feasibility project, with the majority of participants reporting that they found Dayforce simple and easy to use. Feedback from participants is being used to improve the system further.
Dayforce is a global human capital management technology company with deep Canadian roots. Its single AI-powered people platform for HR, pay, time, talent and analytics is trusted by thousands of customers and serves millions of employees worldwide.
Over the next 2 years, the deployment of the Dayforce solution will begin to progressively onboard starting with two departments and a separate agency, where the Government of Canada will focus on departmental readiness as it prepares to deploy the system.
Associated links
Enterprise Integrated Strategy on Human Resources and Pay
Final Findings Report
Dayforce feasibility report summary
Follow us on X (Twitter)Follow us on Facebook
SOURCE Public Services and Procurement Canada
View original content: http://www.newswire.ca/en/releases/archive/June2025/11/c6746.html
Effettua l'accesso per consultare il tuo portafoglio

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

In a Kevin Durant trade, Rockets have limited outgoing salary options
In a Kevin Durant trade, Rockets have limited outgoing salary options

Yahoo

timean hour ago

  • Yahoo

In a Kevin Durant trade, Rockets have limited outgoing salary options

The Houston Rockets are reportedly very interested in a trade for Phoenix Suns superstar Kevin Durant. However, the 15-time NBA All-Star will make nearly $55 million in salary next season. So, to make any deal work under the league's Collective Bargaining Agreement, the Rockets will need to send out close to that much in outgoing salary. Advertisement Between Jock Landale and Aaron Holiday, the Rockets do have a combined $13 million in expiring salaries that they could easily trade out, if their 2025-26 contracts are picked up. Both are relatively inessential to Houston's longer-term plans, since neither was a permanent rotation player for the 2024-25 group that finished with the No. 2 record (52-30) in the Western Conference. But that still leaves at least $35 million or so that will need to go out, in order for a deal to work. And because Phoenix is projected to be above the NBA's first apron threshold for team salary, the Suns likely cannot accept a signed-and-traded player to bridge the financial gap. So, to approach that financial ballpark, here is a look at Houston's players who will make at least $10 million in salary next season: Fred VanVleet: $44.9-million team option Dillon Brooks: $22.1 million Jalen Green: $33.3 million Alperen Sengun: $33.9 million Jabari Smith Jr.: $12.4 million Reed Sheppard: $10.6 million Considering that Durant turns 37 years old later this year, it's probably unrealistic to expect Houston to dangle Sengun, a 22-year-old All-Star. And all indications are that Houston plans on keeping VanVleet in any win-now scenarios, which a move for Durant would be. Advertisement So, that leaves Green, Smith, Brooks, and Sheppard as perhaps Houston's most movable assets that make salaries of significance. The Rockets also have future draft capital that could be made available, including several first-round assets from Phoenix, but those mostly do not count for salary purposes. The lone exception would be the 2025 selection at No. 10 overall, should a deal be finalized after the June 25 draft, but that rookie-scale deal carries a starting salary of only $6.0 million. So, even if the 2025 pick is included, draft choices won't move the needle much, financially. They could drive down the asset cost for the player(s) component, but the Rockets would still need to send out enough salaries to make the math work. With all that in mind, Houston could get close to meeting the outgoing salary requirements by including either Green or a combination of Brooks — a good veteran role player, but one lacking upside at 29 years old — and Smith or Sheppard. To that end, there have been some recent tidbits that Green and Smith could be of interest to Phoenix. Advertisement 'If the Rockets were to get involved in this, I think Jalen Green's name would be involved,' ESPN's Brian Windhorst said Wednesday. 'Jabari is a name that I've heard around the league… for a team like Phoenix, they like Jabari, and that goes back to the whole Kevin Durant thing,' The Athletic's Kelly Iko said Tuesday on the Rockets Collective podcast. ESPN front office insider Bobby Marks included Brooks and Sheppard (along with salary fillers and draft compensation) in his hypothetical deal, though recent indications are that Houston remains very bullish on Sheppard's long-term future. Durant is an elite shooter, having averaged 26.6 points per game last season on 52.7% shooting and 43.0% from 3-point range. He's also a 6-foot-11 forward, which would conceivably allow him to absorb minutes that had been going to Brooks and Smith (who are both forwards) or Green (Houston's leading scorer and starter at shooting guard). Advertisement Then again, Durant is 36, and Smith and Green are 22 and 23, respectively. So, there's certainly an argument in favor of sticking with the longer time window and trusting a talented young prospect — which Green and Smith both are — to improve more with time. The bottom line: If Sengun and VanVleet are off the table, a Rockets-Durant deal likely needs to start with one of these two financial frameworks: 1.) Green 2.) Brooks and a second double-digit-million salary from the above list In theory, Houston could try expanding the deal to three or more teams and sign-and-trade one or more of its pending free agents — such as Jeff Green or Jae'Sean Tate — to another team with a trade exception or space beneath the 2025-26 salary cap. But because those players weren't rotation fixtures for the Rockets last season, they likely won't be in line to attract salaries of significance. So, from Houston's perspective, the salary the Rockets need to send out in a multi-team Durant deal would likely be very similar to the two-team framework. Advertisement In the end, it likely comes down to whether general manager Rafael Stone and head coach Ime Udoka view Houston as close enough to true title contention to warrant a short-term Durant stimulus, relative to the longer-term age gap and asset cost of such a deal. Other factors include the exact asking price from the Suns and what Durant's desired contract extension terms would be. Because his current deal expires after next season, any team trading assets for Durant would likely want to ensure that he's around for more than one season. Stay tuned! More: ESPN lists Rockets first among potential Kevin Durant trade suitors with Suns This article originally appeared on Rockets Wire: In a Kevin Durant trade, Rockets have limited outgoing salary options

Santacruz Silver Reports First Quarter 2025 Results
Santacruz Silver Reports First Quarter 2025 Results

Yahoo

timean hour ago

  • Yahoo

Santacruz Silver Reports First Quarter 2025 Results

VANCOUVER, BC, June 12, 2025 /CNW/ - Santacruz Silver Mining Ltd. (TSXV:SCZ) (OTCQB:SCZMF) (FSE:1SZ) ("Santacruz" or the "Company") reports its financial and operating results for the quarter ended March 31, 2025 ("Q1 2025"). The full version of the Q1 2025 financial statements ("Financial Statements") and accompanying Management's Discussion and Analysis (the "MD&A") can be viewed on the Company's website at or on SEDAR+ at All amounts are expressed in U.S. dollars, unless otherwise stated. Q1 2025 Highlights Revenues of $70.3 million, a 34% increase year-over-year. Gross Profit of $27.9 million, a 6882% increase year-over-year. Net Income of $9.5 million, a 93% decrease year-over-year1. Adjusted EBITDA of $27.5 million, a 2202% increase year-over-year. Cash and cash equivalents of $32.5 million, a 706% increase year-over-year. Working Capital of $51.7 million, a 7530% increase year-over-year. Cash cost per silver equivalent ounce sold ($/oz) of $17.84, a 16% decrease year-over-year. AISC per silver equivalent ounce sold of $22.34, a 8% decrease year-over-year. Silver Equivalent Ounces produced of 3,688,129, a 5% decrease year-over-year2. ___________________________ 1. The decrease in Net Income is related to an extraordinary gain recorded in Q1 2024 from the adjustment to the consideration payable. Please refer to Note 10 of the financial statements for further details. 2. The Full Q1 2025 production results were released in a news release dated June 9, 2025. Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: "Q1 2025 represents a strong beginning to the year, reflecting our continued emphasis on operational efficiency and financial discipline. We achieved a notable year-over-year improvement in profitability and cash generation, with gross profit, and adjusted EBITDA all registering substantial growth. These results underscore the strength, flexibility, and scalability of Santacruz's business model. We remain firmly focused on driving long-term value through disciplined capital allocation and a commitment to safety and operational excellence." Mr. Préstamo continued, "We maintained a strong liquidity position at quarter-end, closing with $33 million in cash and cash equivalents. This was achieved despite a $10 million payment under the voluntary acceleration plan and the settlement of more than $19 million of 2024 current income tax. These outcomes reflect the strength of our underlying cash flows and our prudent approach to financial management, which continue to support our strategic priorities as we strengthen our balance sheet integrity. Backed by a seasoned team in Mexico, Bolivia, and Canada, along with a flexible and efficient operating model and a strong track record of execution, we are well-positioned to take advantage of today´s metal prices and keep delivering sustainable, long-term value for our shareholders." Selected consolidated financial and operating information for Q1 2025 and Q1 2024 and Q4 2024 are presented below. All financial information is prepared in accordance with International Financial Reporting Standards ("IFRS"), and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise noted. Production In Q1 2025, the Company processed 471,773 tonnes of ore, producing 3,688,129 silver equivalent ounces. This total includes 1,590,063 ounces of silver and 20,719 tonnes of zinc. Q1 2025 vs Q4 2024 In Q1 2025, ore processed was slightly lower than in Q4 2024, reflecting the typical seasonal slowdown, particularly across Bolivian operations, as well as scheduled mine sequencing and temporary constraints that modestly impacted throughput. Notably, Zimapán had a 3% increase in processed mineralized material, supported by sustained operational efficiency and continuous optimization efforts. Silver equivalent production was 10% lower, primarily due to reduced head grades and throughput. Silver output declined by 10%, while zinc production was 11% lower, consistent with the expected mine plan for the quarter. Despite these lower volumes, the Company remained focused on maximizing margins by prioritizing higher-silver-content zones. With temporary constraints now resolved and silver prices trending favorably, operations are well-positioned to deliver strong cash flow generation throughout the year. Q1 2025 vs Q1 2024 In Q1 2025, consolidated operational performance remained stable year-over-year, with total tonnes processed virtually unchanged compared to Q1 2024. Silver equivalent production was 5% lower, reflecting the impact of temporary operational constraints and expected ore body variability at certain Bolivian operations. Despite these factors, silver output remained flat, supported by higher silver head grades at key operations and improved metallurgical recoveries, particularly at the Caballo Blanco Group. Zinc production decreased by 9%, primarily due to lower throughput and head grades at Porco and Caballo Blanco, partially offset by strong results at Zimapán, where zinc output rose 23% year-over-year. Zimapán also led overall growth, increasing material processed by 9% and silver equivalent production by 14%, highlighting its operational improvements, as we develop and prepare level 960 now with all required underground equipment at site. The strategic reorganization of the Caballo Blanco and San Lucas, particularly the reallocation of Reserva mine's output, also contributed to improved metallurgical efficiency and stable margins. These results highlight the flexibility provided by the Company's diversified asset base and its focus on maximizing recoveries. Cash Cost and All-in Sustaining Cost per Silver Equivalent Ounce Sold Starting January 1, 2025, Bolivian operations adopted a new exchange rate methodology supported by IAS 21, replacing the fixed official rate (6.96 BOB/USD) with a market-based spot rate (average 12.20 BOB/USD) obtained from banks. Under IAS 21, entities should estimate a spot rate at which an orderly exchange transaction would take place between market participants under prevailing economic conditions. Recording BOB denominated transactions in USD using the market-based rate, provides a more accurate representation of the economic reality of the underlying transactions. Q1 2025 vs Q4 2024 Costs improved notably in Q1 2025 when compared to Q4 2024, with consolidated cash cost and AISC per silver equivalent ounce sold decreasing to $17.84 and $22.34, respectively, from $22.38 and $27.83. This improvement was mainly driven by the Bolivian operations (Bolívar, Porco, Caballo Blanco, and San Lucas) which reported significant reductions across all cost metrics. Caballo Blanco Group saw the most considerable improvements. In contrast, Zimapan's AISC increased from $27.13 to $34.32/oz, as a significant portion of its annual capital budget was deployed during Q1 to accelerate key investments aimed at increasing future production at Carrizal mine level 960. Q1 2025 vs Q1 2024 Compared to Q1 2024, there were substantial cost improvements during Q1 2025. Consolidated cash cost decreased from $21.19 to $17.84/oz, and AISC from $24.27 to $22.34/oz. The most notable improvements came from Caballo Blanco, where AISC dropped significantly due to better metallurgical performance as a consequence of achieving improvements and efficiencies at underground and milling operations. Zimapán, however, recorded an increase in AISC to $34.32/oz (from $22.59), as a substantial portion of its budgeted CAPEX was executed in Q1 to bring forward investments that support higher production in upcoming quarters at Carrizal mine at level 960. Webinar Details CEO Arturo Préstamo and Interim CFO Andrés Bedregal will present at a webinar hosted by Adelaide Capital on Thursday, June 19th at 2:00 pm ET. Investors and shareholders are invited to participate in the webinar. Registration Link: The webinar will also be live-streamed on the Adelaide Capital YouTube Channel, where a replay will be available after the event: Questions can be submitted during the session or in advance to olenka@ Qualified Person Qualified Person Garth Kirkham an independent consultant to the Company, is a qualified person under NI 43-101 and has approved the scientific and technical information contained within this news release. About Santacruz Silver Mining Ltd. Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties across Latin America. In Bolivia, the Company operates the Bolivar, Porco, and Caballo Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita mines. The Reserva mine, whose production is provided to the San Lucas ore sourcing and trading business, is also located in Bolivia. Additionally, the Company oversees the Soracaya exploration project. In Mexico, Santacruz operates the Zimapán mine. Non-GAAP Measures The financial results in this news release include references to non-GAAP measures, which include Cash Cost of Production per Tonne, Cash Cost per Silver Equivalent Ounce Sold, All-in Sustaining Cash Cost per Silver Equivalent Ounce Sold, Average Realized Price per Ounce of Silver Equivalent Sold, and Adjusted EBITDA. These measures are widely used in the mining industry as a benchmark for performance but do not have a standardized meaning and may differ from methods used by other companies with similar descriptions. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. For a reconciliation of non-GAAP and GAAP measures, please refer to the "Non-GAAP Measures" section in the Company's Q1 2025 Management Discussion and Analysis, which is available on SEDAR+ at 'signed'Arturo Préstamo Elizondo,Executive Chairman and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the Company's payment of the Acceleration Option. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks that the Company may not have sufficient funds to exercise the Acceleration Option, risks related to changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation, as well as those risk factors discussed or referred to in the Company's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law. SOURCE Santacruz Silver Mining Ltd. View original content to download multimedia: Sign in to access your portfolio

WALL FINANCIAL CORPORATION ANNOUNCES Q1 2026 FISCAL RESULTS
WALL FINANCIAL CORPORATION ANNOUNCES Q1 2026 FISCAL RESULTS

Yahoo

time2 hours ago

  • Yahoo

WALL FINANCIAL CORPORATION ANNOUNCES Q1 2026 FISCAL RESULTS

VANCOUVER, BC, June 12, 2025 /CNW/ - Wall Financial Corporation (TSX: WFC) (the "Company") released its operating results and financial statements for the three months April 30, 2025. The Company recorded net earnings and comprehensive income attributable to shareholders of the Company for the three months ended April 30, 2025 of $5,680,502 or $0.18 per share compared to $3,357,816 or $0.10 per share in the prior period. Net earnings from rental apartment operations increased due to the recovery of accrued costs related to the sale of an investment property that was sold in March 2022 and lower interest expense. Earnings from the Company's hotels increased due to lower operating costs. Revenues and earnings from the Company's development operations increased due to the closing of condominium units and one land lot sale in the current period. Three months ended April 30 Statements of Earnings 2025 2024 Total revenue and other income $ 43,788,037 $ 36,181,823 Net earnings attributable to shareholders of the Company 5,680,721 3,357,816 Earnings per share (diluted and non-diluted) 0.18 0.10 Statements of Financial Position April 30, 2025 January 31, 2025 Total assets $ 931,514,000 $ 927,381,509 Total non-current liabilities 306,602,552 308,078,997 The above unaudited financial information, including comparative information, is expressed in Canadian dollars and has been prepared in accordance with International Financial Reporting Standards, using the same accounting policies and methods of application as described in notes 2 and 3 of the Company's audited consolidated financial statements for the years ended January 31, 2025 and 2024. Wall Financial Corporation is a B.C. based real estate company active in the development and management of residential and commercial rental units, development and construction of residential housing for resale, and the development and management of hotel properties. SOURCE Wall Financial Corporation View original content to download multimedia: Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store