HTH 503 Lecture Notes - Lecture 8: Canada Labour Code, Job Evaluation, Unemployment Benefits

• School: Ryerson University
• Department: Hospitality and Tourism Management
• Course: HTH 503
• Professor: amritabhalla

Document Summary

The strategic importance of total employment rewards: employee compensation: all forms of pay/ rewards going to employees and arising from their employment. Direct financial payments: pay in form of wages, salaries, incentive, commissions & bonuses (based on increments of time/ performance) Indirect financial payments: pay in form of financial benefits (insurance) Impact of rewards: purpose of rewards: attract, retain, motivate & engage employees, engagement: positive emotional connection to employer & clear understanding of job strategy. Legal considerations in compensation: employment/ labour standards acts (canada labour code) Set minimum standards regarding pays (minimum wage, maximum work hours, overtime pay, paid vacation, paid statutory holidays, termination pay, record keeping of pay info. : pay equity acts. Providing equal pay to male-dominated job classes and female-dominated job classes of equal value to employer: workers compensation laws. Objective: provide prompt, sure & reasonable income to victims of work-related accidents & illness. Protect canadians from discrimination on no. of grounds in employment: canada/ quebec pension acts.