BU354 Chapter Notes - Chapter 11: Job Evaluation, Subfactor, Prevailing Wage
Document Summary
Total employment rewards integrated package of all rewards gained by employees arising from their employment: this is everything that the employee values in the employment relationship. 3 broad categories: compensation, benefits, non-monetary rewards. The 5 components of total rewards: compensation. Wages, salaries, incentives, commissions, and bonuses: benefits. Flexible scheduling, telecommuting, childcare: performance and recognition. Pay-for-performance and recognition programs: development and career opportunities. Tuition assistance, professional development, sabbaticals, coaching and mentoring opportunities, succession planning, and apprenticeships. Engagement positive emotional connection to the employer and clear understanding of strategic significance of job at the discretionary effort of the employee. Legal considerations in compensation: employment/labour standards act. Max hours per week, minimum wage, overtime pay, paid vacation: pay equity acts. Equal pay for equal work: human rights acts. Age, sex, colour, race, religion, family status, disability (prohibited grounds: canada/quebec pension plan. Contribute to cpp during working life and receive average earnings during retirement: other legislation affecting compensation.
