BU354 Chapter Notes - Chapter 11: Prevailing Wage, Canada Industrial Relations Board, Canada Labour Code
Document Summary
Total employee rewards- an integrated package of all rewards (monetary and non-monetary, extrinsic and intrinsic) gained by employees arising from their employment. Compensation is extrinsic, benefits are extrinsic, and non-monetary rewards are intrinsic. The purpose of rewards is to attract, retain, motivate and engage employees / Engagement refers to a positive emotional connection to the employer and a clear understanding of the strategic significance of the job. All 14 jurisdictions in canada have laws regulating compensation. Set minimum standards regarding pay, including minimum wage, maximum hours of work, overtime, paid vacation, paid stat holidays, termination pay, record keeping of pay information and more. Not all canadian jurisdictions have pay equity laws. Protects canadians from discrimination on a number of grounds in employment and other areas. Based on the employee"s average earnings are paid during retirement. Each province and territory has its own workers" compensation laws.
