MHR 523 Study Guide - Final Guide: Unemployment Benefits, Canada Pension Plan, Equity Theory
30 Jun 2016
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Stage 3: combine job evaluation and salary survey info. The pay structure ( everyone is put into groups depending on wages) 80+ = grade 1, 70-80 = grade 2, 60-70 = grade 3, 40-60 = grade 4 (note: don"t look at values, used afterwards look at grade level stated above) Then there would be a wage curve which is plotted. There would then be a wage structure that would be made by using the wage curve. The last step would be assigning the pay rates for each group. Basic considerations in determining pay rates legal considerations in compensation: employment/labour standards act. Like minimum wage, max hours of work, overtime pay (not for professional, administrative employees), pad vacation, paid statutory holiday, termination pay, and more. Variations for students, trainees, nannies, seasonal workers, and others: pay equity acts. Stating that men and women get equal pay for work that are equally the same: human rights acts.
