BU354 Chapter Notes - Chapter 11: Prevailing Wage, Job Analysis, Canada Labour Code
Document Summary
Total rewards an integrated package of all rewards (monetary and nonmonetary, extrinsic and intrinsic) gained by employees arising from their employment. Includes direct inancial payments (wages, salaries, incenives etc. : beneits. Basic consideraions in determining pay rates: legal requirements. Sets minimum standards regarding pay, including minimum wage, max hours of work, overime. Equal pay for work of equal value performed by men and women. Protects canadians from discriminaion on a number of grounds. Canada/quebec pension plan: union issues, compensaion policy, equity. Job evaluaion a systemaic comparison to determine the relaive worth of jobs within a irm. Job evaluaion usually focuses on benchmark jobs that are criical to the irm"s operaions. Benchmark job a job that is criical to the irm"s operaions or commonly found in other organizaions. Compensable factors a fundamental, compensable element of a job, such as skill, efort, responsibility, and working condiions.
