HRM200 Lecture Notes - Typewriter, Occupational Segregation, Prevailing Wage
24 Sep 2013
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Integrated package of all rewards (monetary and non-monetary, extrinsic and intrinsic) gained by employees arising from their employment - benefits. Better retention if you give employees a good reward model. Legal considerations in compensation: employment/labour standards act (canada labour code) Serving liquor: . 90: pay equity acts, human rights acts, canada/quebec pension plan, workers" compensation laws, employment insurance act. Equity and its impact on pay rates. Stage 3: combine job evaluation and salary. Job evaluation: systematic comparison to determine relative worth of jobs within a firm. Compensable factor: fundamental, compensable element of a job, such as skill, effort, responsibility, and working conditions. Classification/grading method categorizes jobs into groups (classes or grades) Classes contain similar jobs: compare your jobs to similar jobs using noc codes. Grades contain dissimilar jobs of equal difficulty. Grade/group description is a written description of the level of compensable factors required by jobs in each grade.
