BU354 Lecture Notes - Grater, Job Evaluation, Prevailing Wage
Document Summary
Total rewards refers to an integrated package of all rewards (monetary and non monetary, extrinsic and intrinsic) gained by employees arising from their employment. The five components of total rewards compensation, direct financial payments benefits, this category included indirect payments. Impact of rewards purpose of rewards are to attract, retain, and motivate / engage employees. Engagements refers to a positive emotional connection to an employer and a clear understanding of the strategic significance of the job. Relational work experiences, such as work/life programs, performance and recognition are hard for other companies to duplicate. Employment / labor standards acts (canada labor code) labor code laws set minimum standards regarding pay, including minimum wage, maximum hours of work, overtime pay, vacation, statutory holidays, termination, record keeping on termination. Pay equity these laws apply to public-sector of employees only, except ontario, quebec, bc, and federal crown corps.
